Compliance Guidance Officer at Discovery Limited

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About the area

To provide sound guidance regarding legislation, regulation, industry standards, codes, guidelines and best practice to operational management/projects and business units through the application of Compliance Risk Management principles, policies, processes and procedures.

Job Purpose

The success of Discovery is made possible by our great people. Our Mass Market division is looking for a great person to join their team as a compliance officer.

The role is for a compliance officer that will assist the Business with managing compliance with the applicable legislative requirements.

Areas of responsibility

• Define, set and manage the Mass Market compliance framework and standards and advising the business on processes and suitable control frameworks to implement regulatory obligations for the business.
• Compliance reviews within the business unit to ensure that regulatory requirements are being met.
• Regulatory change management.
• Developing and maintenance of the Regulatory Frameworks (CRMPs) as required by Group Compliance.
• Identification and evaluation of compliance exposures/regulatory breaches, providing guidance to Key Individuals and Representatives to ensure compliance with legislation.
• Investigating of complaints, in some cases with the assistance of Forensics, and providing feedback to the relevant stakeholders.
• Facilitate the debarment process for representatives as required.
• Remain up to date with Compliance trends, recommends and implements changes to Mass Market processes as required.
• To facilitate compliance to various policies and strategic objectives by using risk management principles.
• To contribute to the Discovery Group Compliance reporting requirements.
   

Operational:

• Review business activities to determine compliance with applicable regulatory requirements.
• Track competency requirements for Mass Market Representatives and provide regular update to Group Compliance.
• Provide guidance to Business to manage compliance operations issues and make decisions on day-to-day activities.
• Regulatory training and awareness of Mass Market representatives in conjunction with the training team.
• Review business activities to determine compliance with applicable regulatory requirements.
• Participate and provide input in the stakeholder meetings (such as Risk and Group Compliance).
   

NB: The role is not limited to the key outputs mentioned above

Competencies and skills

• Proactive;
• Resolve disagreement and conflict situations in a constructive and professional manner;
• Makes quick, clear decisions which may include tough choices or considered risks;
• Make rational judgements from the available information and analysis;
• Take ownership of projects and deliverables;
• Be able to manage deadlines;
• Understand the process flow of the entity and its departments;
• Understands business models and risk;
• Writes in a well- structured and logical way;
• Strong listening, organisational and communication skills;
• Work independently;
• Efficient time management skills, including quick turnaround time on work;
• Attention to detail;
• Able to work under pressure;
• Legislative knowledge and interpretation;
• The ability to think in an analytical and conceptual manner.

Education and Experience

Essential:

• Legal Degree or compliance qualifications or relevant qualification
• 3 years monitoring or auditing and compliance experience in a Financial Services/ Insurance environment with focus on FAIS Act requirements in the funeral environment.
• 1 year’s management experience  

Advantageous:

• Certificate in Compliance Management
• Completed RE 1

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.