Compliance Analyst at BMW Financial Services

Job description

The Compliance Analyst is responsible for assisting the Compliance Manager in providing efficient and effective service in facilitating and cultivating a culture of compliance with all legislation applicable to BMW Financial Services thereby contributing to business growth and strategy realisation. The successful incumbent will further be responsible for preparing and administering the required submissions to the relevant Regulatory and Supervisory Bodies.

Minimum Requirements:

• Relevant Qualification - LLB Degree / BCom Law
• Certificate in Compliance Management
• Certificate in Business Risk Management
• 3- 5years Experience in the Insurance and Financial Services Industry
• Fulfilled a regulatory Risk & Compliance role preferably within the Financial Services industry together with operational experience in this regard.
• Policy drafting expertise

Job Outputs:

• Create and update the Compliance Risk Management Risk Plans (CRMP) for high impact and selected medium impact legislation.
• Create monitoring work-papers and engage with business to ensure collaboration on objectives, scope and sampling.
• Monitor controls to facilitate compliance with the Regulatory Universe according to Compliance Risk Management Plans (CRMP) for high and medium impact legislation.
• Perform monitoring reviews in line with Compliance Methodology, Guidelines and Standards.
• Assist business with creating the appropriate controls required to achieve compliance.
• Conduct Compliance spot checks including audits.
• Prepare reports which identify the risks associated with any non-compliance of high and/or medium impact legislation; monthly compliance risk reports required to be submitted to the National Risk Committee, adhoc Audit.
• Report to regulatory and supervisory bodies e.g. annual compliance reports to the NCR and FSB.
• Facilitate compliance with the BMW Group Compliance Regulations, Guidelines, Instructions, Corporate Rules and Policies.
• Implementation of compliance processes, tools and IT-systems.
• Conduct ongoing regulatory tracking to keep abreast with new legislation.
• Analyse legal requirements to identify and interpret applicable compliance requirements and convert into simple language for business.
• Provide advice, assistance, and guidance across business in respect of compliance process requirements.
• Conduct training and awareness in respect of regulatory amendments.
• Manage compliance administration as required by FSB and NCR.
• Administrate Customer Complaints Management and Declaration of interest.