Compliance Officer (Parktown) at Rand Mutual - RMA

Description
THE JOB AT A GLANCE

• As a Compliance Officer, you will be reporting into the Compliance Manager, you will be responsible for conducting internal audits to ensure compliance with regulatory requirements and internal policies, and develop and implement compliance policies in liaison with regulators. Assess and report on compliance risks, investigate incidents and take action to ensure compliance. Has knowledge of government laws and regulations affecting the company's business area, and ability to interpret laws and regulations in light of operations. Ensure all external regulatory frameworks are complied with within reasonable risk and cost parameters. RMA-specific purpose: To pro-actively and constructively assist the
• RMA Group in managing its responsibility to comply with all applicable regulatory
• legislative requirements, applicable regulatory codes and standards, and internal policies and procedures.

WHAT WILL YOU DO?

Regulatory and Compliance Management:

• Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards. This may also or alternatively involve supervising the activities of a regulatory/compliance team.

Regulatory Affairs:

• Take responsibility for providing specific elements of the regulatory affairs service with guidance from senior colleagues.

Quality Management System:

• Contribute to the identification and evaluation of current policies and business processes that are in the scope of the Quality Management System; contribute to the design of the QMS; provide specialist quality management input to the drafting of new policies and procedures, and design of business processes; contribute to the quantification of the costs and business benefits of change.

Audit Compliance:

• Manage a portfolio of audit assignments, ensuring that the team plans and delivers audits that cover identified risk areas and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Compliance:

• Identify shortcomings in compliance processes, systems and procedures, and suggest and implement appropriate improvements. Work is focused on an assigned unit or discipline.

Operational Compliance:

• Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. OR Identify, within the team, patterns of non-compliance with the organization's policies and procedures, and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Leadership and Direction:

• Communicate the local action plan; explain how this relates to the function's strategy and action plan, and the broader organization's mission and vision; motivate people to achieve local business goals.

Team Management

• This role will serve as second in charge (2IC) to the Risk and Compliance Manager RMA Life.
• Assist with compiling monthly Exco reports
• Stand in for the R&C Manager in various meetings and forums as and when applicable.
• Support the team with any management support as determined by the R&C Manager.
• Any other management responsibility determined by the R&C Manager.

WHAT YOU'LL BRING TO THE TABLE?

• Undergraduate Degree/Honours Tertiary Degree/Legal Degree/Compliance qualification
• Admission as an attorney or advocate
• 3-5 years’ corporate compliance experience
• 2-4 years’ working experience within an insurance or financial institution
• Registered as a Compliance Officer with the FSCA
• FSCA Regulatory Exam (RE1) an advantage
• Experience of supervising and directing people and other resources to achieve specific end results within limited timeframes (13 months to 3 years)