Monitoring Officer - Parktown at Rand Mutual - RMA

THE JOB AT A GLANCE

As a Monitoring Officer, you will be reporting to the Compliance Officer. You will be responsible for conducting periodic compliance monitoring reviews to identify issues of non-compliance in the business. You will also be responsible for delivering effective compliance and risk monitoring plans (CRMPs) and monitoring reports across the RMA Group and any other associates of the Group as mandated.

WHAT WILL YOU DO?

Monitoring Planning and Implementation:

• Completion of CRMP's and the themed monitoring as per the approved Annual Compliance Plan.
• Facilitate Regulatory Control Workshops with affected Departments on upcoming planned Monitoring reviews.
• Improve on the current compliance control environment (where required) on applicable legislation and new legislative developments via the CRMPs.

Monitoring Reviews:

• Conduct monitoring reviews of regulatory compliance, legislation and polices through the electronic compliance software system.
• Review the adequacy and effectiveness of the current controls and action plans.
• Keep working papers and adhere to the Compliance Monitoring Methodology.

Monitoring Report:

• Prepare the monitoring report as per Group Compliance standards.
• Assist in presentation of the monitoring report to the stakeholders.
• Follow up on and manage agreed actions with the business.
• Capture all findings raised during monitoring reviews on the central findings register and update the register regularly.  
• Track the remediation progress of open findings raised during reviews to closure.

Adhoc Monitoring and other Initiatives:

• Conduct adhoc monitoring and investigations.
• Participate in regulatory projects implementation.
• Maintain relationships with the Divisional areas, internal audit and other related compliance & risk management functions

WHAT YOU'LL BRING TO THE TABLE?

• LLB / BCom or Internal Audit Degrees.
• Occupation Certificate: Compliance Officer (NQF Level 6) (Advantageous)
• 2 – 4 years 'experience in a similar role.
• Registered as a Member of the CISA
• Working knowledge of FAIS, Insurance Act, Long Term Insurance Act, Policyholder Protection Rules, FICA will be an added advantage.
• Strong planning and analytical skills.
• Excellent verbal communication and writing skills.
• Ability to work under pressure and meet deadlines.
• Good presentation skills and ability to interact with management.
• Experience in compiling compliance reports.
• Good knowledge of Microsoft Office.
• Highly motivated, accurate, methodical and able to prioritise effectively.
• Ability to liaise with colleagues and work supportively and collaboratively when necessary and/or appropriate.