Compliance Specialist - Pretoria at Momentum Metropolitan Holdings Limited

Role Purpose    
Implement the compliance strategy aligned to the compliance monitoring plan to enable the business within a legal framework.

Requirements    

• Post graduate qualification in Compliance Management
• Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA
• Degree in Commercial, Risk Management, Audit, Finance, Legal, Business or related field
• 2 - 5 Years compliance related experience
• Experience in the insurance and financial services industry (preferred)

Duties & Responsibilities    
  Execute compliance activities based on the Compliance Monitoring Plan in order to provide assurance on the level of regulatory compliance

•  Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner Design and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmes
•  Provide advice on compliance with applicable laws and regulations to the business to ensure ongoing adherence and compliance.
•  Assess the possible impact of any regulatory development on the operations of the business and work with the business with regard to compliance
•  Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leader
•  Review and monitor completed audits and follow up on any recommendations made
•  Execute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as the escalation procedures.
•  Provide professional advice and guidance to business regarding compliance matters.
•  Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
•  Create awareness within business regarding new compliance requirement or provide guidance on potential impact of compliance requirements
•  Support the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.
•  Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry or supervisory bodies
•  Build relationships with internal and external stakeholders as well as the wider compliance community within the MMI Group.
•  Provide input from a compliance perspective and act as trusted advisor in business projects and initiatives.
•  Deliver compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.
•  Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.
•  Identify, assess, manage, monitor and report on compliance risks that the company face.
•  Execute compliance activities based on the Risk-based compliance plan in order to provide assurance on the level of regulatory compliance.

Build and maintain relationships with internal and external stakeholders

•  Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
•  Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
•  Make recommendations to improve client service and fair treatment of clients within area of responsibility
•  Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service

Build strong relationships through providing specialist know-how and leadership to others, expressing positive expectations.

•  Continuously develop own expertise in terms of industry and subject matter development and application thereof in an area of specialisation.
•  Positively influence and manage change and offer specialist support where required.
•  Contribute to continuous innovation through the development, sharing and implementation of new ideas and involvement of colleagues and staff.
•  Participate and contribute to a culture of work centric thinking, productivity, service delivery and quality management.
•  Take ownership for driving career development

Contribute to the development of business cases for proposal to decision-making bodies.

•  Identify solutions to enhance cost effectiveness and increase operational efficiency.
•  Implement and provide input into governance processes, systems and legislation within area of specialisation.
•  Escalate unresolved policy and governance compliance issues via appropriate channels for investigation and resolution purposes
•  Provide input into the risk identification processes development and communicate recommendations in the appropriate forum.

Competencies    

• Examining Information
• Providing Insights
• Upholding Standards
• Documenting Facts
• Interacting with People
• Adopting Practical Approaches
• Articulating Information