Regulatory Specialist at Old Mutual

Job Description

• This role is rooted in regulatory leadership within the business, with legal qualifications and admission giving you an edge enabling flexible deployment to legal/advisory projects when required but not excluding strong, non-lawyer regulatory specialists. If you’re a regulatory compliance professional with legal expertise, you’ll thrive as a business partner in OMIG’s growing legal team.

What You’ll Be Trusted With

Regulatory Advisory & Implementation

• Monitor South African and international financial regulation (FICA, FAIS, CISCA, POPIA, FATCA, etc.), interpreting impact and translating requirements into clear operational policies.
• Advise front-office, product, and client teams on regulatory matters, business queries, and the regulatory aspects of client onboarding, new product launches, marketing, and contracts.
• Lead or support regulatory change projects, gap remediation, and business-readiness exercises.

Regulatory Risk Management & Oversight

• Conduct regulatory risk assessments for new businesses, initiatives, and client mandates.
• Design and monitor controls to ensure regulatory and business compliance.
• Flag control weaknesses, incidents, or breaches, perform root cause analysis, and remediate collaboratively.
• Maintain records of compliance actions, regulatory decisions, and impact reviews.

Assurance, QA & Reporting

• Carry out or coordinate first line QA reviews of key regulatory controls onboarding/KYC, disclosures, marketing, investor protection.
• Oversee FICA/AML, FATCA/CRS, POPIA, and conduct risk compliance at the business process level.
• Report on compliance issues, findings, and remediation progress to business and second line compliance.

Training, Stakeholder Engagement, and Legal Support

• Develop regulatory training and provide on-demand guidance to front-office and operations teams.
• Champion a culture of compliance and regulatory risk ownership across business teams.
• Liaise with Group compliance, internal/external audit, and regulators as required.
• Legal Support (as required): If law degree/admitted, provide basic legal drafting, contract review, or support legal escalation especially where regulatory and legal advice intersect.

Continuous Improvement

• Stay abreast of regulatory developments and enforcement trends.
• Suggest/process improvements for regulatory compliance frameworks and tools.
• Participate in digitization or innovation of compliance operations.

Who You Are

Education:

• Bachelor’s degree in law (LLB, B.Proc), finance, commerce, risk management, or related field (law highly advantageous).

Admission (Advantageous):

• Admitted Attorney or Advocate (added plus for legal work, please highlight in application).
• Professional Certifications (Advantageous):
• Compliance Institute of SA (CPrac, CProf),
• ICA/ACAMS/other regulatory or AML/compliance certifications,

Experience:

• Minimum 4–6 years’ experience in regulatory compliance, risk management, or financial services law (asset management preferred but not essential).
• Proven experience translating regulation into business action, policy drafting, control implementation, and risk review.
• Experience working with front office, compliance, and legal teams in a matrix environment.

Technical Knowledge:

• Deep understanding of South African (and international) regulatory environment for asset/wealth management.
• Familiarity with FICA, CISCA, POPIA, FAIS, and related business processes.
• Knowledge of regulatory risk assessment, control design, monitoring, and QA.

The Strengths You’ll Bring

• Regulatory and/or legal research, analytical, and interpretation skills.
• An effective communicator able to make regulation practical for business users.
• Strong stakeholder management and collaboration capabilities.
• Attention to detail, commercial pragmatism, and digital fluency in compliance.

Skills

• Action Planning, Analytical Thinking, Computer Literacy, Data Compilation, Developing Creative Solutions, Evaluating Information, Executing Plans, Legal Practices, Oral Communications, Policies & Procedures, Presenting Solutions, Professional Presentation, Second Language, Solution Analysis, Writing

Competencies

• Communicates Effectively
• Courage
• Decision Quality
• Ensures Accountability
• Instills Trust
• Manages Complexity
• Optimizes Work Processes
• Persuades

Education

• NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

• 11 September 2025