Manager Risk and Compliance

To manage company wide-risks and track compliance status considering the changes in the regulatory landscape for retirement funds and benefit administrators introduced by the Financial Sector Conduct Regulatory Act (FSCA); and to embed and promote a compliance culture within SALT EB business units to enhance corporate governance and to ensure that standard operating procedures in all business units are robust and meet SLA obligations with clients.

KEY PERFORMANCE AREAS

• Identifying, analysing and mitigating company-wide risks applicable to the retirement funds and benefit administrators.
• Developing the regulatory universe and the risk-based compliance plans for SALT EB business units for approval by the executive management.
• Providing compliance and regulatory training and/or guidance and general assistance to all business units.
• Ensuring all business units and employees remain informed of regulatory, legislative and best practice changes and their obligations under the FSRA.
• Establishing and co-ordinating the internal risk committee with risk and compliance champions from all business units.
• Providing guidance and support to risk and compliance champions in proactively identifying risks within the business units and mitigating them timeously.
• Resolving issues of non-compliance efficiently and effectively identified in the business units.
• Business Continuity Management including the review, update and tracking of Business Continuity Plan for the organisation.
• Developing and reviewing Risk and Compliance Manuals for SALT EB.
• Developing compliance monitoring plans and tools to track both organisation and respective departments’ compliance.
• Managing and monitoring Ethical Compliance of SALT EB including whistle-blowing mechanism and staff ethics training.
• BBB EE Compliance.
• Monitoring SALT EB’s adherence to SLA agreements by consolidating information from different departments that feed into the reporting on performance information to SALT EB’s board and executive management.
• Reporting on legislation, compliance, risks, plan progress and all instances of non-compliance and corrective action to the SALT EB’s board and executive management.
• Management of representatives for SALT EB and the register with FSCA.
• Managing Moonstone – our compliance provider.

RECORD KEEPING AND FILING

• Ensuring all documentation relating to umbrella funds are saved in the member profile on the system.
• Ensuring appropriate notes are recorded in the member profile on the system.
• Full fund administration system filing.

REPORTING

• Preparing, analysing and presenting ad hoc reports as and when requested.

QUERY RESOLUTION

• Attending to queries or inquiries by members within the required timelines.
• Providing assistance to Employers or service providers where necessary.

INNOVATIVE & TEAM PLAYER

• Being able to work independently with minimal supervision.
• Abiding by audit findings as directed by the Head of Administration or Head Legal, Risk and Compliance.
• Building and maintaining supportive relationships both internally and externally.

RELATIONSHIP MANAGEMENT

• Building and maintaining positive relationships with all clients and service providers.
• Building and maintaining supportive relationships with teams internally.
• Ensuring that all communication sent internally and externally is dealt with professionally.

TIME MANAGEMENT

• Devoting the whole of your time, attention and abilities during working hours to the discharge of your duties.
• Meeting production standards in terms of quantity and quality.
• Managing work outflow timeously.

QUALIFICATIONS

• A Bachelor’s Degree in Risk Management, Compliance, Auditing or equivalent.
• At least 3 years’ relevant experience.
• Knowledge and experience of the financial services sector legislation will be an added advantage.
• Proven track record of delivering enhancement to process efficiency.
• Good knowledge and understanding of regulatory requirements applicable to the retirement funds and benefit administrators.
• Possess risk assessment capabilities.
• Display good knowledge and understanding of business operations and IT systems.

ADDITIONAL

The candidate must demonstrate the following skills and attributes: a high level of judgement, confidence and decisive approach, effective communication skills, the ability to analyse problems, the ability to gather information, problem solving skills and the ability to work under pressure, be able to interact effectively with senior staff, boards of trustees and stakeholders, and organise, lead and motivate a team in order to meet individual and work group goals, while upholding an emphasis on quality.