Business Compliance Specialist at Old Mutual

Compliance

• Assists in mitigation of compliance risk.
• Ensures compliance within BU and functional areas within a BU, by implementation of compliance risk management and monitoring plan.
• Establishes and embeds compliance, directly and/or through staff supervised over periods of 3-12 months.
• Facilitates resolution on compliance breaches.
• Influences new legislative developments via industry committee stakeholders.
• Influences under supervision of the Senior Compliance Officer / Compliance Executive across the whole of the BU and functional areas within a BU from a compliance perspective.
• Utilises a wide scope of applicable legislation, including all primary legislation.

Reporting

• Reports on compliance breaches to BU/functional areas management, Service Boards, Trustee Boards and Compliance Executive.

Team Effectiveness

• Balances own priorities with directing and motivating others.
• Creates a climate for optimal performance.
• Guides and directs staff to achieve operational excellence standards.
• Individually accountable for staff time, tasks and output quality, over periods of 3 - 12 months.
• Manages performance.
• Manages staff (e.g. Assistant Compliance Officers / Compliance Officers)
• Plans and assigns work over periods of 3 – 12 months.
• Selects potential staff to sustain customer/client service delivery.

Role Description

• Establishes & embeds compliance across BU.
• Ensures compliance within BU or two or more functional areas within a BU, by implementation of compliance risk management and monitoring plan.
• Reports on compliance breaches to BU/functional areas management, Pension Fund Trustees and Senior Compliance Officer/Compliance Executive.
• Facilitates resolution of compliance breaches.
• Plans and presents compliance monitoring plan to BU’s, Service Boards and Trustee Boards in advance.
• Assists in mitigation of compliance risk.
• Reports to the Senior Compliance Officer/Compliance Executive.
• Influences under supervision of the Senior Compliance Officer /Compliance Executive across functional areas within BU’s from a compliance perspective.
• Influences new legislative developments via industry committee stakeholders.
• Utilises a wide scope of applicable legislation, including all primary legislation.
• Manages staff (e.g. Assistant Compliance Officers, Compliance Officers)
• Advantageous to have recognized legal, financial or audit qualifications and/or a professional designation, for example in the compliance field.

Job Requirements

• Grade 12
• Degree / Diploma ( legal, financial or audit)
• C Prac (CISA) (advantageous)
• At least 5 years’ relevant experience in the FS industry.
• Working knowledge and understanding of FAIS, FICA, Long Term Insurance Act, Pension Funds Act, Income Tax Act, CISCA
• LISP experience (advantageous)
• Employee Benefits experience (Prerequisite)
• Collective Investments experience (advantageous)
• Previous experience as a Compliance Officer would be preferred
• Previous management experience / experience leading a team of professionals
• Project Management experience (advantageous)

Competencies

• Strategic
• Change as a Way of Executing
• Leading with influence
• Collaboration (Diversity & Inclusion)
• Agile Innovation
• Customer First
• Personal Mastery (Lifelong Learning)