Vacancies at Momentum

Role Purpose

The purpose of the Senior Risk and Compliance officer is to develop and implement a robust combined governance strategy and Ops plan for MDS combining governance integrates and aims to optimize all Governance Functions (i.e. Risk, Legal and Compliance). Taken Combined Governance enables an effective control environment; supports the integrity of information used for internal decision-making by management within the organization provided by governance.

Requirements

Qualifications

• Degree in Finance, Legal or Business recognised by the FSCA
• Post Graduate Diploma in Compliance and Risk Management (preferred)
• Admitted attorney (preferred)

Experience

• 8-10 years of experience in Risk and compliance.
• 5-6 years of experience in a senior leadership/management position.
• Extensive knowledge and expertise in risk, compliance, and legislation.

Attributes

• Relationship management
• Presentation skills
• Report writing skills
• Drive for results
• Diversity and inclusiveness
• Adapting and responding to change whilst leading the change and innovation
• Collaboration and Teamwork
• Impact and influence
• Self-awareness and insight

Duties & Responsibilities

• Implement and manage effective compliance processes in MDS  (Internal processes)
• Provide guidance and interpretation of Act and Regulation, including industry-specific regulations.
• To ensure compliance with all relevant statutory requirements and the impact on the company.
• Ensure that MDS complies with the necessary compliance requirements from Momentum Metropolitan Holdings.
• Ensure that the company remains compliant and up to date with legislated changes and industry-specific changes to the compliance requirements.
• Report on compliance matters to the CEO of MDS, Risk & Compliance Committee, Exco, Audit Committee and Momentum Metropolitan Holdings.
• Ensure complete and comprehensive compliance monitoring universe.
• The compliance function assists management in discharging their responsibility to comply with applicable compliance obligations through the monitoring of obligations.
• The compliance function also assists in the development and maintenance of a Regulatory universe that includes all compliance obligations (Acts).
• The compliance function drafts relevant Policies.
• The compliance function can be used optimally in training other functions on various Legislations.
• The team can also be involved in Manco meetings or included in distributions to ensure the dissemination of important information that could impact MDS Compliance.
• Projects and transitions stakeholders to ensure optimal implementation within acceptable risk, mandate, and regulatory frameworks.
• Responsible to ensure appropriate breach escalation and resolution. Contribute to, implement, and maintain, where appropriate the regulatory compliance breach management and follow-up process which will at a minimum address the identification, analysis, and resolution processes to be followed as well as the escalation procedures.
• Ensure that the reporting of compliance activities and instances of non-compliance, both internal and external, are relevant, complete, accurate and to the point, and submitted on time.
• Initiate and/or provide professional advice and guidance to business as may be required/requested from time to time.

Legislation

• Monitor pending legislative changes.
• Provide input into draft legislation.
• Keep abreast of legislative changes.
• Analyse the impact of legislative changes and changes in practice on Momentum Retail business.
• Identify business opportunities following legislative changes that will give us an edge in the market.
• Advise business of the impact of changes on processes.
• Assist in the implementation of changes.

Implement and manage effective risk processes in MDS

• Coordinate Internal Audit activities. Tracking of progress made on implementing corrective action per Internal Audit Findings.
• Momentum Metropolitan Holdings Governance Manco Meetings.
• Reporting to Momentum Metropolitan Holdings Compliance.
• Performance of Divisional Risk Register Assessments.
• Monitoring of Combined Assurance Plan.
• Represent MDS at the Risk & Compliance Committee Meeting, IT Risk & Compliance
• Committee Meeting & Audit Committee
• Preparation of Reports and Meeting Packs for the Risk and Compliance Committee meeting and Audit Committee meeting.
• Coordination of the quarterly Tax & VAT Submission lists to be sent to Momentum Metropolitan Holdings Finance Division.

Implement and manage effective legal processes in MDS

• Assist in drafting legal documents and forms.
• Review of legal contracts and agreements
• Assist with the specific company reporting obligations to Momentum Metropolitan Holdings and Regulatory Bodies as and when required
• Report to Regulatory Bodies, as and when required:
• Provide legal advice and assistance to consultants, financial advisers, and members/clients.
• Identify needs of consultants and financial advisers regarding updates on legislative changes.
• Compile legal updates.

Enable focus on the IFA within the area of responsibility (Client/ Adviser Services)

• Provide authoritative, expertise and advice to clients and stakeholders through building and maintaining relationships with clients and internal and external stakeholders.
• Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments.
• Define service practices which build rewarding relationships, encourage innovation, and allow others to provide exceptional client service.
• Deliver on service level agreements made with clients and internal and external stakeholders to ensure that client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within the area of responsibility.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Establish a way of work that creates a high-performance delivery cadence between internal and external stakeholders.

Oversee the implementation of financial and corporate governance measures (Finance)

• Prepare and control the budget for the area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high-risk and problematic financial issues in the area of accountability and contribute to the development of policy.
• Identify opportunities to enhance cost-effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use them to monitor and report on financial activities.
• Implement and provide feedback on the effectiveness of the financial policy, practice, and procedures: preventing illegal, unethical or improper conduct.
• Implement risk management, governance, and compliance policies in own practice area, to identify and manage governance and risk exposure liability.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

• Business and Market Acumen: Understands how the business operates, what the key issues and risks are that drive business success; and how they impact the commercial viability of potential ventures and the profitability of the Group.
• Adviser Commitment: Anticipates, meets, and exceeds adviser’s needs by creating long-lasting relationships that support the adviser's value proposition, support their financial wellness, and ensure client centricity.
• Drive for Results: Drive a sense of urgency, focus, accountability, agility, and execution to deliver business results.
• Leads Change and Innovation: Actively lead change, do what is right for the business and drive continuous improvement through innovation.
• Collaboration: Prioritises the business interests of MMH and invests in the success of the group by aligning efforts across divisions.
• Impact and Influence: Persuades, convinces, influences, and inspires others, both within MMI and externally to win support, and loyalty and gain commitment to the purpose of MMH.
• Self-Awareness and Insight: Manages self and relationships with others effectively and provides perspective in difficult situations.
• Diversity and Inclusiveness: Is sensitive to individual and cultural similarities and differences and demonstrates humility and an openness to engage people from diverse backgrounds and cultures to benefit all parties concerned.