Specialist: Retirement Scheme Governance at Telkom

Core Description    
Responsible to implement the Retirement Fund compliance policy and risk management plan, as well as setting company-wide compliance standards in order to provide a good and sound governance function. Design controls and compliance monitoring programmes to ensure compliance with regulatory requirements and provide training programmes to entrench a culture of compliance. Establish and build effective relationships with fund members, unions, the Board of Trustees, the Audit/ Compliance Committee and other stakeholders.

Competencies    
FUNCTIONAL KNOWLEDGE

• Risk Management; Business Principles, Practices Processes; Annuity Products; Income Tax Act; Pension Acts & Regulations; Pension Fund Investments; Retirement Schemes; Regulatory Requirements.

FUNCTIONAL SKILLS

• Interpersonal; Administration; Analytical; Decision Making; Relationship Building; Communication; Networking; Conceptual Ability.

ATTITUDES/ LEADERSHIP COMPETENCIES

• Ethical; Dedicated; Accurate; Responsible; Trustworthy; Internal Locus of Control; Integrity; Transparency

Job Responsibilities    

• Monitor Compliance by developing compliance and governance monitoring programme
• Identify role players and allocate responsibility
•  Ensure efficiency and coverage of regulatory risks and business activities
•  Compare business practices with compliance rules to ensure that regulatory requirements are met
•  Document discrepancies with rules and initiate corrective action
• Report on non-compliance and inform Principal Officer and Audit/ Risk/ Compliance Committee
• Identify meeting/ event requirements and schedule activities and participants
• Prepare relevant documents and distribute communication to aid relevant role players in implementing board decisions - Monitor/ follow up resolutions reached at meetings
• Ensure Compliance Communication
• Update compliance policy with legislative changes
• Prepare reports and attend Audit/ Risk/ Compliance Committee and Board of Trustees meetings 
• Provide feedback regarding status of regulatory compliance 
• Establish lines of communication with stakeholders
• Ensure documentation and communication is submitted to relevant stakeholders
• Provide consultancy, advise and recommendations on regulatory risks and business monitoring activities
• Implement Compliance/ Governance Policy and Risk Management Plan
• Set company-wide standards for compliance and develop policy
• Ensure implementation of policy and standards
• Identify, analyse and prioritise regulatory requirements and conduct risk assessment
• Develop compliance risk management plan
• Design controls to ensure compliance with regulatory requirements
• Compile and maintain compliance plan and allocate responsibilities for compliance measures
• Entrench a compliance culture through training programmes and awareness campaigns
• Monitor changes to legislation and adapt compliance risk management policy accordingly
• Establish and Maintain Stakeholder Relationships
• Determine key stakeholders
• Understand stakeholders position and interest
• Offer meaningful information to stakeholders
• Coordinate internal and external communication
• Monitor, review and refresh stakeholder relationship
• Provide a supporting role to the PEO and Trustees on pension Funds related matters
• Arrange and manager asset manager visits and develop a rooster of meetings with Fund associated asset managers and none TRF asset managers.
• Provide best in governance, pension fund management across the value chain.
• General of investments experience in pension Funds, i.e overlays, and derivatives, equities, bonds etc.
• Section 13A compliance monitoring and reporting

Required Certification    

• N/A

Qualifications    

• Relevant 3 year B.Com Degree or 3 year Legal Degree/ Diploma in Retirement Funds administration

Experience    

• 5 Years relevant experience in a Pension or Retirement Fund administration environment

Special Requirements    

• In-depth knowledge and understanding of the relevant pension acts and regulations.
• Familiar with relevant portions of legislation such as FAIS Act, Long Term Insurance and Labour Relations Act.
• Good understanding of the different types of retirement schemes, annuity products and pension fund investments.

Closing Date: 10th, April 2022