Compliance Officer

SUMMARY:
A leading automotive client is currently looking for a Compliance Officer to join their team. This is a contract position that will run until December 2023. The ideal candidate should have a strong proficiency in Microsoft Office applications such as Excel, Word, and PowerPoint. Excellent communication skills, along with effective time management and prioritization abilities, are essential for this role.

POSITION INFO:
Qualifications & Competencies

• LLB/BCOM/BA Degree.
• Member of CISA.
• RE1advantageous. RE 5 ideal.
• 5 years working experience as a FAIS compliance officer (approved by the FSCA).
• Must meet the Compliance Officer registration requirements as outlined in the FAIS Act.
• In-depth understanding of Conduct Risk, FAIS, COFI, Conduct standards applicable to a Credit Provider and FSP
• A general understanding of the motor vehicle finance industry is desirable.
• Short-term insurance (Personal and Commercial lines) experience.
• Exposure to a cell captive environment is ideal.

• Implementation and compliance of risk management processes and governance framework within the entity as required for an authorised FSP.
• Management of the current compliance administration, including any fiduciary responsibilities and statutory reporting as required by the FAIS Act.
• Act with due care, skill, and diligence in the execution of all duties.
• Act within the standards and rules set by legislation.
• Fulfil contractual obligations as agreed to.
• Management and Oversight of statutory obligations of the FSP.
• Monitoring of compliance to FSCA relevant standards as issued from time to time, including current and future legislative requirements for an FSP.
• Guidance and support with FAIS /TCF / Market Conduct related customer and regulatory complaints.
• Stay abreast of, assess, inform, and report on regulatory changes impacting our FSP license.
• Develop and maintain regulatory relationship with Supervisory bodies, as may be required.
• Monitor and maintain the CPD competence register hours of Representatives and Key Individuals.
• Provide guidance and advice to the Organisation, Representatives and Key Individuals regarding any FSP regulatory and conduct topics.
• Review and resolve Fit and Proper queries.
• FSCA - administrative and compliance adherence to current and future applicable regulatory requirements which impact the business of BMW Financial Services, including any codes of conduct and future CBR reporting.
• Conduct Risk Dashboard project:
  • Refine and maintain current conduct risk performance indicators (“CRPI”) under Conduct Risk Framework for the Conduct Risk Dashboard (CRD).
  • Research and further refine the current CRPI’s as a result of business processes which have an impact on the Conduct Risk statements.
  • Define and develop new CRPI’s.
  • Enrich data lake to ensure desire CRPI reporting can be achieved.
  • Develop thresholds through consultation with key stakeholders for all metrics to be incorporated into the CRD.
  • Produce a stakeholder inclusive CRD to provide meaning management information.
  • Review and maintain Conduct Risk Framework and relevant policies.
  • Align to all TCF principles.

NB! This job is now closed. You can apply for other jobs by uploading your CV.