Manager: Compliance

SUMMARY:
Manager: Compliance

POSITION INFO:

Manager: Compliance

Cape Town

Ensure that the compliance risks (i.e. compliance with regulatory, ethical, and internal and external policy obligations imposed on the Group) are appropriately monitored and addressed by management. A risk-based approach is adopted to ensure that material compliance risks are addressed and mitigated by the business.

The compliance function is accountability to the Group Board, through the Group Risk Committee to ensure that compliance risks are appropriately monitored and addressed by management.

This is a Group function which will operate in all jurisdictions where the Group has a footprint in alignment with the necessary mandate. The role of the Manager Compliance will be to assist the Group Compliance Function in the Execution of the Group Compliance mandate as set out by the Board.

In addition, this incumbent will be appointed as the Deputy Information Officer for the Group in terms of POPIA to perform functions as designated by the Information Officer.

Principle accountabilities:

• Compliance Risk Management:

•             Conduct Compliance risk assessments across the businesses and to provide pro-active guidance to the businesses in addressing compliance risks (which includes compliance with legal, regulatory and ethical obligations and standards applicable to the businesses).

• Monitoring Compliance and Reporting:

•             Conducting Compliance Audits/Reviews to monitor adherence to compliance obligations and preparing the relevant compliance reports to the various levels of management in the businesses.

• Provide appropriate input into compliance projects where required.

•             Render appropriate Compliance advice/guidance, training to the businesses as required (which shall include Privacy training relating to various aspects of POPIA).

• To act as the deputy Information Officer for the Group and assume the responsibilities as determined by the Information Officer as contemplated under the POPIA

• Handle requests from third parties (internal requests and external requests) relating to POPIA as directed to the Information Privacy Office and as directed by the Information Officer under POPIA and PROATIA and to submit reports on the requests as determined.

• Supporting in maintaining a good working relationship with the Information Regulator where required, responding to request and queries from their office and providing required reporting as directed by the Information Officer.

• Coaching and mentoring of less experienced compliance employees

• NQF Level 8: Degree in Law / LLB preferably a postgraduate degree in Law (such as Masters)

• Post graduate Diploma/Compliance Certificate

• Registered as a Compliance Officer under the FAIS Act for Category I FSPs with the FSCA.

• Admitted attorney of the High Court

• Continuous adherence to the fit & proper requirements as determined by the Prudential Authority and the Financial Sector Conduct Authority

• Extensive knowledge of legislation, regulations and legal principles applicable to the financial services industry, in particular the insurance sector

• At least 8-10 years of experience in financial services industry, in particular the insurance sector

• At least 8-10 years of experience in compliance

• Good knowledge of the Protection of Personal Information Act and its requirements

• 5 - 8 years management experience at management level

• In-depth technical knowledge of regulations and legal requirements applicable in the insurance financial services industry

• Excellent communication skills (both written and verbal)

• Assertive

• Intermediate/Advanced knowledge and use of Microsoft Word, Excel, Powerpoint.

• Excellent critical analytical skills

• Excellent attention to detail

• Ability to work with complex legislation and information

• Regulatory framework (SA and other jurisdictions the group operate in)

•             Insurance Acts of SA and where applicable in foreign jurisdictions

•             Long-term Insurance Act and Short-term Insurance Act and subordinate legislation

•             FAIS Act

•             COFI Bill

•             Non-insurance specific legislation affecting the company (Companies Act; Labour legislation, POPIA; PROATIA, FICA etc.)

•             Industry Governance codes and listing requirements

•             (King IV, FTSE, SAIA) m3.10st

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