Junior Compliance Officer at Momentum

Role Purpose    

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

Requirements    

• 2 - 5 Years compliance related experience
• Experience in the insurance and financial services industry (preferred)

Formal qualifications

• Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA, Specific licensing or registration
• Registered as licensed compliance officer with the FSCA, Specific licensing or registration
• Registered with the Compliance Institute of Southern Africa, Formal qualifications
• Degree in Commercial, Risk Management, Audit, Finance, Legal, Business or related field, Formal qualificationsLegal qualification, 
• Post graduate qualification in Compliance Management,
• Degree in Commercial, Risk Management, Audit, Finance, Legal, Business or related field,
• Formal qualifications:Legal qualification,
• Formal qualifications:Post graduate qualification in Compliance Management,
• Formal qualifications:Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA, Specific licensing or registration:Registered as licensed compliance officer with the FSCA, Specific licensing or registration:Registered with the Compliance Institute of Southern Africa,
• Relationship management
• Presentation skills
• Reporting writing skills
• Project Management skills
• Communication skills
• Planning and organising skills
• Exposure to interpretation of legislation for insurance and financial services environment
• Exposure to aspects of the compliance risk management framework.
• Understanding of the insurance and financial services industry;
• Knowledge of Regulation i.e. FAIS,FICA,POPIA, LTIA, Pension Funds Act, CoFI, FSCR
• Knowledge and understanding of the typical products offered by organisation

Duties & Responsibilities    
INTERNAL PROCESS

• 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.

CLIENT SERVICE

• 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

Competencies    

• Examining Information : Analyses and processes information; asks probing questions; strives to find solutions to problems.,
• Documenting Facts : Writes fluently when documenting facts; understands arguments logically; focuses on finding facts.,
• Adopting Practical Approaches : Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense., Providing Insights : Is focused on continuously improving things; provides insights by identifying key issues; makes intuitive judgments.,
• Interacting with People : Is lively and projects enthusiasm; is talkative in making contact; is focused on interacting and networking with people.,
• Articulating Information : Is articulate in giving presentations; is eloquent and explains things well; projects social confidence when articulating information.,
• Upholding Standards : Behaves ethically and justly; is discreet and maintains confidentiality; meets commitments by acting with integrity.,
• Examining Information:Analyses and processes information; asks probing questions; strives to find solutions to problems.,
• Documenting Facts:Writes fluently when documenting facts; understands arguments logically; focuses on finding facts.,
• Adopting Practical Approaches:Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense.,
• Providing Insights:Is focused on continuously improving things; provides insights by identifying key issues; makes intuitive judgments.,
• Interacting with People:Is lively and projects enthusiasm; is talkative in making contact; is focused on interacting and networking with people.,
• Articulating Information:Is articulate in giving presentations; is eloquent and explains things well; projects social confidence when articulating information.,
• Upholding Standards:Behaves ethically and justly; is discreet and maintains confidentiality; meets commitments by acting with integrity.

Closing Date: 16th, June 2022