Temporary Compliance Officer at Housing Development Agency (HDA)

Reference: HDATCO3

Main Purpose: 

Compliance officer ensures the Agency is in compliance with its regulatory and legal requirements as well as internal policies and by laws.

To identify and assess regulatory compliance risks and ensure monitoring through appropriate compliance systems and processes and further provide compliance advice throughout the Agency. Provide the reporting on the regulatory compliance risk to management. Provide and ensure compliance reporting in terms of legislation to all applicable regulatory bodies in collaboration with the business units. Promote the ethical compliance culture across the Agency.

Key Performance Areas:

Compliance Officer

• Implement a comprehensive compliance programme aligned to organisational planning process.
• Assist management in the design, development and implementation of compliance frameworks.
• Assist in the design, development and delivery of compliance awareness and training interventions.
• Develop or review, advise and create awareness of the compliance role and responsibility descriptions.
• Ensure compliance through best fit compliance practice aligned to regulatory requirements and create awareness with stakeholders to embed a compliance culture.
• Identify, assess and prioritise all the applicable regulatory requirements that the Agency is required to comply with.
• Develop and implement a compliance monitoring plan using accepted standards, methodologies and tools.
• Assist and provide input for the identification, prioritisation and management of compliance risk by developing a compliance monitoring plan.
• Present the monitoring plan to management and governance stakeholders for approval using appropriate monitoring methodologies.
• Determine the governance requirements relating to compliance reporting.
• Determine the compliance reporting requirements to stakeholders and/or supervisors in terms of regulatory organisation requirements.
• Build and maintain communication channels and liaison with stakeholders and regulators.
• Draft policies and procedures to address the management of the relationship with regulators and management.

Risk Management

• Perform effective risk and control assessments periodically.
• Work together with the Manager to conduct risk assessments, analyses risks and assist with the enterprise risk management function.
• To provide continuous support to Business Units on risk and internal control related matters.
• To promote and institutionalise risk awareness culture and compliance in the organisation.
• Develop and track the fraud recommendation action plan to mitigate identified fraud risks of the HDA.

Governance

• Develop, review, coordinate and facilitate approval protocol and implement policies and procedures within area of responsibility.
• Monitor and report on compliance with contract SLA’s.
• Work with Audit Manager to drive initiatives aimed at eliminating waste, improve productivity and reduce operating costs within the area of responsibility.
• Comply with all legislative requirements, PFMA, Treasury Regulations, BAS, DORA.
• Ensure sound administrative and governance services.
• Assist with training and awareness to improve the organisation compliance culture.

Reporting

• Assist with the preparation of the quarterly audit & risk reports for presentation and adoption by the EXCO, Audit and Risk Committee and Board.
• Assist with the reporting of internal audit, risk and compliance reports.
• Report on progress towards implementation of annual compliance plan.

Qualifications and Experience

• Degree or NQF 7 qualification in Law/Internal Audit/BCom/Risk Management/related qualification
• A minimum of 3-5 years’ experience in Compliance.
• Certification in Compliance will be added as advantage.
• Experience in a PFMA Public Entities will be added advantage.
• Valid membership with Compliance Institute is an added advantage.