Compliance Specialist

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

Education

1. Matric
2. Bachelor's degree (law or commerce)
3. Postgraduate Diploma in Compliance Management
4. RE5 and RE1 competency

Knowledge and Experience

1. At least 4 years experience in financial services compliance, long-term insurance experience will receive preference
2. Knowledge of Financial Services Regulatory Environment
3. Legislative Knowledge
4. Demonstrated knowledge of Compliance Risk Management Methodology
5. Ability to write, communicate and interpret legislative requirements at the appropriate level
6. Ability to advise the business on compliance matters

Duties and Responsibilities

Reporting to the Head: Governance and Best Practice, the successful incumbent will be responsible for proactively and constructively assisting business in managing its responsibility to comply with all regulatory items and minimise compliance risks through the providing of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.

1. Project management and implementation of key compliance projects.
2. Identify gaps or potential deficiencies in compliance and other business areas and resolve.
3. Risk Assessment of Regulatory items on draft bills and other draft regulatory requirements.
4. Maintain compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA.
5. Developed and maintained compliance monitoring plans and compliance monitoring activities.
6. Recommended corrective actions – prescribing and escalations.
7. Managed corrective action.
8. Managed complaints.
9. Managed breaches and risk exposures.
10. Implementation of requirements arising from new and amended regulatory items.
11. Compliance training on regulatory items.
12. Training on compliance methodology.
13. Compliance reporting.
14. Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments.
15. Support Advice and Distribution in providing necessary updates on CURA.