Group Compliance Officer

Full description

Position Type Permanent Role Family Legal and Compliance Cluster Risk Management Remote Opportunity Some of the time Location - Town / City Centurion Introduction Momentum Group, through its client-facing brands Metropolitan and Momentum, its wellness and rewards programme Multiply, and specialist businesses including Guardrisk and Eris Property Group, enables individuals and organisations to achieve their financial goals and aspirations. We help individuals grow their savings, protect what matters and invest for the future. We also help organisations care for and reward their employees and members. Through our adviser network, independent brokers and digital platforms, Momentum Group delivers practical financial solutions to individuals, communities and businesses. Visit us at www.momentummetropolitan.co.za Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page. Role Purpose To ensure an effective compliance function capable of assisting the board of directors in overseeing that the insurer meets its legal and regulatory obligations and promotes and sustains a sound compliance culture. To partner proactively and constructively with the Compliance community across the group to facilitate the achievement of Risk and Compliance objectives and to provide ongoing guidance and oversight where needed. Requirements - Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the Financial Sector Conduct Authority (FSCA) - Admitted Attorney, Chartered Accountant, Post graduate qualification in Compliance Management will be added advantage. - Degree in Commercial, Legal, Risk Management, Audit, Finance, related field. - 7 - 8+ year of experience Duties & Responsibilities - Prepare and submit Quarterly Group Compliance Report for relevant governance committees - Liaise with the Prudential Authority and Financial Sector Conduct Authority in respect of all Market Conduct-related topics - Managing & attending regulatory on-sites and inspections - Attending to and submitting regulatory returns and analytics - Conduct research to identify and monitor regulatory and market trends - Identify and prioritise relevant legislation and perform impact analyses - Identify controls needed to manage compliance with legislation - Identify gaps and agree on corrective action and remediation timelines - Assess controls and determine frequency of monitoring - Oversee the implementation of the coverage plan and quarterly reporting thereon - Work with other assurance providers to provide combined assurance where relevant - Oversee completed audits and ensure follow-up on outstanding findings and required areas of improvement - Serve as Money Laundering Compliance Officer - Maintain regulatory universe and regulatory body list following updates to relevant regulations and co-ordinate input from business - Review processes and tools in the light of changing requirements and monitor the broader implementation thereof - Provide professional advice, guidance and training to group on compliance matters - Collaborate, build and enhance relationships with internal and external stakeholders - Build and maintain relationships with clients and internal and external stakeholders - Deliver on service level agreements applicable to clients and internal and external stakeholders in order to ensure that client expectations are managed - Make recommendations to improve client service and fair treatment of clients within area of responsibility - Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service - Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery - Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after-sales service - Manage client query processes and ensure that queries are tracked, accurately resolved and used as a mechanism to improve client service and business processes - Contribute to creating a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity - Contribute to and drive a culture that guides and directs best practice, fostering an environment of continuous learning, people growth and improvement and cohesiveness - Effectively manage your performance within the team in order to ensure business objectives are achieved - Be a role model for innovation, change agility and collaboration behaviours within the team - Identify solutions to enhance cost effectiveness and increase operational efficiency - Manage financial and other company resources under your control with due respect - Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy - Drafting compliance reports for Group’s governance forums - Liaison with the Prudential Authority, Financial Sector Conduct Authority and other regulatory bodies - Handling regulatory onsites, inspections, desktop reviews - Conducting deep dives on compliance-related topics - Insurance, Prudential & Market Conduct Regulatory Universe - Compliance Risk Management - Drawing up Compliance Risk Management Plans - Conducting Risk Assessments - Drafting Policies and Frameworks - Industry best practice in all areas relevant to the role - Evolving technology and digital adoption - Data analysis and data-driven decision-making - Specialist leader of compliance / regulatory team Compliance Requirements - Regulatory requirements and changes thereto (local and cross border) LTIA, STIA (including the PPR’s), Insurance Act & the Prudential Standards (GOI’s, GOG’s, FSI’s, FSG’s), FSRA, Pension Funds Act, Companies Act, FAIS, FICA, CISCA, POPIA, CoFI, etc - Draft and refresh compliance policies, frameworks, methodologies and practices - Display a sound understanding of the regulatory universe and how it applies to different businesses - Design Risk-based compliance coverage plans, coordinate Business Unit monitoring and combined assurance with Risk and Internal Audit; ensure qualitative CAF/ORSA and Board reporting with insights and dashboards - Conducting gap analyses, providing compliance assurance and monitoring - Ability to draft succinct compliance reports at Board level - Draft succinct compliance assurance opinions - Create dashboard reporting - Provide compliance-related training and review of training material - Champion a one compliance culture with visible influence, constructive challenge, and pragmatic advice to business; participate in industry forums. Competencies - Excellent written communication skills; ability to write qualitative compliance reports for the Board - Risk Management - Business Acumen - Project Management - Relationship Building - Report Writing - Stakeholder Management