Momentum Metropolitan Holdings, formerly MMI Holdings, is a South African-based financial services group was established on 1 Dec 2010, through the merger of Metropolitan and Momentum. We are specialists in long and short-term insurance, asset management, savings, investments, healthcare administration, health risk management, employee benefits and reward...
Role Purpose
Implement the compliance strategy aligned to the compliance monitoring plan to enable the business within a legal framework.
Requirements
- Post graduate qualification in Compliance Management
- Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA
- Degree in Commercial, Risk Management, Audit, Finance, Legal, Business or related field
- 2 - 5 Years compliance related experience
- Experience in the insurance and financial services industry (preferred)
Duties & Responsibilities
Execute compliance activities based on the Compliance Monitoring Plan in order to provide assurance on the level of regulatory compliance
- Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner Design and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmes
- Provide advice on compliance with applicable laws and regulations to the business to ensure ongoing adherence and compliance.
- Assess the possible impact of any regulatory development on the operations of the business and work with the business with regard to compliance
- Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leader
- Review and monitor completed audits and follow up on any recommendations made
- Execute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as the escalation procedures.
- Provide professional advice and guidance to business regarding compliance matters.
- Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
- Create awareness within business regarding new compliance requirement or provide guidance on potential impact of compliance requirements
- Support the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.
- Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry or supervisory bodies
- Build relationships with internal and external stakeholders as well as the wider compliance community within the MMI Group.
- Provide input from a compliance perspective and act as trusted advisor in business projects and initiatives.
- Deliver compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.
- Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.
- Identify, assess, manage, monitor and report on compliance risks that the company face.
- Execute compliance activities based on the Risk-based compliance plan in order to provide assurance on the level of regulatory compliance.
Build and maintain relationships with internal and external stakeholders
- Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
- Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
- Make recommendations to improve client service and fair treatment of clients within area of responsibility
- Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
Build strong relationships through providing specialist know-how and leadership to others, expressing positive expectations.
- Continuously develop own expertise in terms of industry and subject matter development and application thereof in an area of specialisation.
- Positively influence and manage change and offer specialist support where required.
- Contribute to continuous innovation through the development, sharing and implementation of new ideas and involvement of colleagues and staff.
- Participate and contribute to a culture of work centric thinking, productivity, service delivery and quality management.
- Take ownership for driving career development
Contribute to the development of business cases for proposal to decision-making bodies.
- Identify solutions to enhance cost effectiveness and increase operational efficiency.
- Implement and provide input into governance processes, systems and legislation within area of specialisation.
- Escalate unresolved policy and governance compliance issues via appropriate channels for investigation and resolution purposes
- Provide input into the risk identification processes development and communicate recommendations in the appropriate forum.
Competencies
- Examining Information
- Providing Insights
- Upholding Standards
- Documenting Facts
- Interacting with People
- Adopting Practical Approaches
- Articulating Information
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Role Purpose
This role is positioned within the Momentum Retail Finance team reporting to the Support Financial Manager. The purpose of this role is to ensure that financial records are accurately recorded according to financial reporting standards. In collecting, analysing, and reporting financial data this role has a specific focus on the expense reporting element included in financial reporting.
Requirements
- Bachelor of Commerce: Accountancy or equivalent.
- Minimum of 2 years' financial accounting experience within the Financial Services Industry.
- Microsoft Excel at an advanced level.
Duties & Responsibilities
General Ledger and Reconciliations:
- Ensure the balancing of general ledger accounts aligned to the source documentation within agreed time frame.
- Completeness of financial transactions captured in the general ledger.
- Ensure that all loan accounts are balanced, and income and expenditure is captured to the general ledger within agreed timeframe.
- Identifying internal financial controls that need to be strengthened through improved reconciliation processes.
- Review and approve the general ledger journal allocations based on levels of authority and policy.
Reporting:
- Ensure all financial values reported in financial models reconcile to the general ledger and are in line with principles aligned to valuation models.
- Update financial models within required timelines.
- Prepare management reports and distribute after investigation and resolving all queries. Responsible for ensuring all management expenses are reported in line will applicable models used for valuation purposes.
- Analyse financial reports and information to identify area of opportunities or potential financial risks within business.
- Identify and explain relationships on financial reports and advise stakeholders on the implications of these relationships and provide context to financial information.
- Advise and guide stakeholders and non-financial managers regarding finance elements.
Budget and Forecasts:
- Update budget models with relevant budget and forecast.
- Ensure the accurate capturing of budget in the budget reporting framework/ tool.
- Control and track the budget for the various business areas.
- Facilitate and manage the budgeting process and evaluate budget information received and discuss errors or omissions with stakeholders.
- Proactively engage with business to forecast expenses and identify solutions to enhance cost effectiveness and increase operational efficiency.
Balance Sheet:
- Ensure that all valid entries are captured accurately on the balance sheet and reconciled within agreed timeframe.
- Management of prepaid and accruals on the balance sheet.
Documentation:
- Prepare all documentation for internal and external audit.
- Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
Fixed Asset Register:
- Update and maintain the fixed asset register, noting additions and disposals and verification on an annual basis, resolving all discrepancies timely.
Risk Management:
- Ensure all risks are mitigated and escalated to relevant stakeholders.
- Effective and consistent service delivery and support to all internal clients.
- Adhoc:
- Ensure that all Adhoc tasks are completed accurately and timeously as agreed at the time.
Projects:
- Ensure that all Projects tasks are completed accurately and timeously as agreed.
Competencies
- Drive a client centric environment that focuses on best practice service delivery.
- Self-management and teamwork.
- Manage and implement sound financial controls.
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Role Purpose
- Design and oversee the implementation of the strategy that will enable and improve the effectiveness of the business on organisational, team and individual level to ensure optimal business strategy implementation and to future proof the business.
Requirements
Required Qualifications
- Masters degree in Human resources, social or behavioural sciences or related field (Desirable).
- Registered as Industrial Psychologist with the Health Professions Council of South Africa (Desirable).
- Postgraduate degree in Human resources, social or behavioural sciences or related field (Essential).
- Registered Psychometrist (essential).
- Required Experience
- 10 - 15 years' experience within Human Capital (Essential).
- 5 years' experience in Organisational Effectiveness or Organisational Development (Essential).
- 5 years’ experience in leading a team of Human Capital professionals.
- Exposure to the development and implementation of organisational effectiveness interventions (Essential).
Duties & Responsibilities
- Design and drive the implementation of development interventions that shape and embed the business culture and values that will result in effective strategic delivery in collaboration with leadership and other stakeholders.
- Design and implement diagnostic frameworks, methodologies and tools to understand existing and new strategic and cultural issues.
- Design and implement methodologies to measure leadership effectiveness and performance.
- Design, develop and manage interventions/programmes to improve the effectiveness of leaders.
- Provide coaching and develop coaching methodologies to improve effectiveness at individual and team levels.
- Utilise diagnostics to measure the level of employee engagement in the business, the driving factor of lower engagement in the climate and the development of interventions in collaboration with line managers to improve engagement.
- Develop and communicate a compelling Health Employee Value Proposition (EVP) that contributes to the attraction, stickiness and retention of talent.
- Develop wellness strategies to support leaders to enable a resilient and productive workforce in Health.
- Leverage insights to shape interventions that improve organisational effectiveness, performance and productivity.
- Develop and drive the adoption of frameworks and tools that will enable business to drive, implement and sustain solutions.
- Create and use diagnostic tools and monitor business results to determine the success of interventions and to design new interventions.
- Drive the implementation of interventions to address the concerns and opportunities identified from diagnostics.
- Develop and implement change and organisational development strategies and initiatives to support large-scale, complex organisational change initiatives.
- Develop and drive the adoption of frameworks and tools that will enable business to drive, implement and sustain talent management and succession planning frameworks and methodologies, to provide insight into talent demands, succession management, supply and retention of talent.
- Partner with business as a subject matter expert and provide advice on matters within area or responsibility.
- Craft and guide the implementation of organisational development solutions across the people value chain to solve business problems and contribute to strategic intent of the business.
- Create and leverage metrics to shape and inform solution design and impact metrics.
- Keep abreast of trends, legislation and best practices within the organisational effectiveness field to influence and shape solutions and interventions.
- Collaborate with the Human Capital (HC) team to identify, develop and facilitate organisation development programs and initiatives to address organisational development gaps in accordance with the organisation development strategy and equip Human Capital Business Partners (HCBPs) to drive organisational development interventions.
- Contribute to a culture that defines service practices which build rewarding relationships, encourage innovation and allows others to provide exceptional client experience.
- Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
- Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
- Identify solutions to enhance cost effectiveness and increase operational efficiency.
Competencies
Knowledge
- Behavioural psychology
- Change and communication practices.
- Organisational Effectiveness Trends
- Talent management practices and processes
- Human Capital Practices and processes
- People Analytics and Employee Insights
- Human Resource management
Skills
- Relationship building and management
- Verbal and written communication
- Presentation skills
- Analytical skills
- Planning and organising
- Research skills
- Stakeholder management
- Consulting skills
- Project delivery skills
- Dealing with complexity
Method of Application
Use the link(s) below to apply on company website.
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