Compliance Process Specialist at AfroCentric Group

What will you do? 

Position Specific Outputs 

• The Compliance Process Manager /Specialist will be responsible for ensuring that all regulatory compliance that is applicable to the business, are
• are implemented and enforced and are in line with the controls established by the Risk and Compliance department in Compliance Manual.
• The incumbent will also be responsible for performing periodic compliance monitoring reviews, to identify areas of non-compliance and
• improvement and aid the business unit in executing its responsibility to comply with all regulatory codes and legislative requirements.
• Strong working knowledge of regulatory universe within Corporate
• Performing Periodic Compliance Monitoring Reviews:
• Interact periodically with stakeholders in each BU gathering information in preparation for monitoring activities.
• Conduct controls assessment in advance of monitoring, where required, using defined methodology.
• Plan and execute compliance monitoring activities timeously, using Compliance monitoring processes, systems, and methodology.

Identify Areas of Non-Compliance and Improvement:

• Provide the business with their compliance report highlighting areas of non-conformance.
• Agree deadlines/responsibilities and required improvement

Ensuring Compliance with All Regulatory Codes and Legislative Requirements:

• Monitor the efficiency and consistency of compliance controls.
• Monitor regulatory updates and assist in conducting gap analysis where there are changes
• Consolidate reports to reflect compliance for the business.
• Consolidate tracking documents and progress reports.
• Consolidate defined Regulatory reports for sign off prior to submission to the relevant internal/ external stakeholders.
• Monitor completion of mandatory Compliance training, conducting escalations and reporting on progress.

Specific deliverables:

Continuous improvement:

• Assist with the development and maintenance of the compliance framework
• Develop, facilitate, guide and monitor regulatory and compliance standards of control and assist with the integration and alignment of key business processes with company compliance initiatives
• Monitor and follow up on closure of compliance related findings, raised by assurance providers

Specialist support to projects:

• Develop, facilitate compilation and review of compliance risk management plans on applicable regulatory requirements
• Conduct compliance monitoring through various means
• Compile internal and external compliance reports
• Develop and track action logs flowing from compliance audits

Knowledge management:

• Identify and monitor legislative and regulatory requirements applicable to the Group
• Maintain compliance manual and SharePoint site
• Create compliance awareness and provide training and advisory services to employees, process owners and management as required

Qualification and Experience 

Experience

• 6 to 8 years’ experience in corporate compliance within legal/ risk/ compliance environment.
• Medical scheme related experience will be advantageous

Qualifications

• BCom/Law degree or Compliance Qualification. RE 5 or RE 1 qualification required. Eligible to be registered with FSCA.

Personal Attributes

• Credibility: Lead with integrity and trust others as you would like to be trusted -Living the values and being transparent
• Ownership: Make critical decisions based on what's right for AfroCentric and Customers -Owning operational decisions and knowing oneself
• Entrepreneurship: Take chances to continuously improve our Customer's experiences -Driving operational efficiencies
• Influence: Engage with Customers and colleagues to advance the organisation's welfare -Making work happen
• Collaboration: Build work-related network and share knowledge with colleagues -Building networks