Senior Compliance Specialist at PPS

Purpose of the Job

To implement compliance risk management solutions within strategic guidelines and policies and to facilitate the management of compliance risks and breaches within the Business Unit through application of accepted risk management principles.

Key Responsibilities 

• Identifying gaps or potential deficiencies in compliance and other business areas and resolving them;
• Risk Assessment of regulatory items;
• Providing commentary on draft bills and other draft regulatory requirements;
• Maintaining  compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA;
• Developing and maintaining compliance monitoring plans;
• Compliance monitoring activities;
• Recommending corrective actions – prescribing and escalations;
• Managing corrective action;
• Managing complaints;
• Managing breaches and risk exposures;
• Implementing requirements arising from new and amended regulatory items;
• Compliance training on regulatory items;
• Training on compliance methodology;
• Compliance reporting;
• Providing advice to business on compliance matters and implementation of controls, including control effectiveness assessments; and
• Supporting business in providing necessary updates on CURA.

Qualifications

• Matric
• LLB degree (completed)
• Certificate in Compliance Management

Professional Designation(s)

• Licenced FAIS Cat 1 Compliance Officer (advantageous)
• Admission to practice as an attorney or advocate with necessary articles or pupilage

Experience & Knowledge

• At least 2 years’ experience in financial services compliance, long-term insurance and/or short-term insurance experience (advantageous)
• Knowledge of Financial Services Regulatory Environment
• Legislative Knowledge
• Demonstrated knowledge of Compliance Risk Management Methodology
• Working knowledge of CURA (advantageous)
• Ability to write, communicate and interpret legislative requirement at the appropriate level
• Ability to advise business on compliance matters

Computer Literacy

• Proficient in the use of the latest MS Office packages, particularly Excel, Word and Power-point.

Skills

• Excellent verbal, presentation and written skills
• Facilitation
• Conflict handling
• Influencing
• Analytical Thinking
• Display sound judgment
• Operational management
• Collaborative
• Sense of urgency
• Results and learning orientation