Compliance Manager (Senior) at Discovery Limited

Areas of responsibility
The successful candidate will be required, primarily, but not limited to:

• Define, set, and manage compliance frameworks, policies and standards specific to the function and ensure communication thereof to impacted stakeholders.
• Manage compliance officers to ensure Group Compliance objectives are met.
• Strategic involvement in decision making on advice process and distribution of products
• Develop and implement the Compliance programme for Advice and financial services,
• Maintain compliance risk management frameworks,
• Responsible for oversight of Regulatory change management and guidance on compliance impact in the various business areas.
• Provide written guidance to senior management on complex compliance issues
• Oversee the management of FAIS Ombud complaints
• Define, assess, maintain and advise on the regulatory universe,
• Develop and facilitate compilation and review of compliance risk management plans,
• Compile and submit internal and external compliance reports, and
• Interact with industry regulators, supervisors and stakeholders as and when required.

Skills and Personal Attributes

• Management skills -Manager of managers
• Detailed knowledge of local (South African) legislation and impacting international regulations relating to the distribution of product and the rendering of advice and able to interpret and apply legislation, including, but not limited to the following:

1. Financial Advisory and intermediary Services Acts,
2. Short-Term and Long-Term insurance Acts, including the Policyholder Protection Rules
3. Protection of Personal Information Act,
4. Electronic Communications and Transactions Act and related legislation,
5. Promotion of Access to Information Act,
6. Financial Intelligence Centre Act, , Consumer Protection Act, Cybercrimes and Cybersecurity Bill, Conduct of Financial Institutions Bill.

• Sound understanding of Compliance methodology, working knowledge of all elements comprising.
• Writes in a well-structured and logical way – must have ability to write and review compliance policies and draft compliance guidance notes and reports with detail required to inform the business of regulatory requirements and potential impacts
• Strong listening, organisational and communication skills and able to think in an analytical and conceptual manner.
• Be able to work under pressure including quick turnaround time on quality work

Education and Experience

• Relevant tertiary education includes any of the following: LLB, BCom,
• Post-graduate qualification in Compliance Management (advantageous)
• At least eight years’ experience within a compliance environment with working knowledge of laws, regulations and codes impacting a group of companies operating in several jurisdictions.
• Distribution experience will be an advantage