SUMMARY:
Support the GRC Department in developing and maintaining the organisation’s Governance, Risk, and Compliance frameworks and systems, including forensics, internal audit, and health and safety functions.
POSITION INFO:
1. Job Summary:
- Assist the GRC Department in the development and maintenance of all Governance , Risk and Compliance Frameworks and Systems for the organisation, this will include forensics, internal audit and health and safety functions within the GRC Department.
2. Key Performance Areas
- Compliance: Prevent illegal, unethical, or improper conduct.
- Risk Management: Manage and Mitigate Risks in the organisation
- Administration, products, policies and procedures
- Monitor, report and analyse risk, governance and GRC management processes, exposures, and trends.
3. Key Tasks
Compliance: Prevent illegal, unethical, or improper conduct
- Prepare GRC reports as and when required by regulators
- Liaise, communicate and cooperate with regulators such as FSCA.
- Ensure pro-active compliance throughout the Company, this include keeping up to date on industry legislation, creating CRMPs, Continuous monitoring assessment and evaluation.
- Internal Compliance training and education throughout the company.
- Provide guidance and collaborate with complaints department pertaining to ombud cases etc.
- Maintain FICA, POPI, TCF and all applicable business rules and legislative changes
- Contribute towards the implementation of the Compliance annual plan.
Risk Management: Manage and Mitigate Risks in the organisation
- Identify Potential Risks
- Assess and analyse risks
- Communicate with External GRC Officer, Regulators, Risk and Legal Departments to ensure compliance throughout the Company
- Regularly review risks identified in the Company’s risk register.
- Ensure business embed sound risk management principles, practices in the execution of all their activities
- Review risk assessments based on data-driven conclusions that identify strategies for addressing threats or issues that may impact financial costs
- Develop, review, and implement risk management strategies, policies and procedures and contribute towards the annual risk management plan.
Administration, products, policies and procedures
- Draft/review, edit and submit updated licence applications to the FSCA.
- Update the FAIS Rep Register/Competency Register.
- Design and update risk mitigating policies.
- Prepare and submit reports (Monthly, Quarterly, Annual).
- Ensure that products are in line with regulations and that content is grammatically appropriate.
- Provide the business with, up-to-date, clearly explanatory Policies and Procedures
- Drafting and/or vetting of agreements.
- Assist in the designing and implementation of all administrative processes and procedures in adherence to company policy.
- Draft and implement a combined assurance plan
- Ensure that existing and new insurance products evolve to meet emerging customer needs
- Implement and monitor a Policies and Procedures schedule to ensure that Company complies with all applicable legislation and statutory requirements.
Monitor, report and analyse risk, governance and GRC management processes, exposures, and trends
- Oversee and monitor adherence and GRC to risk, governance and GRC policies, standards, and procedures within the organisation.
- Monitor and analyse risk trends within business environment.
- Monitor the resolution status and effectiveness of risk actions.
- Independently monitor the management of all risk, governance, and GRC processes.
- Develop and maintain a Corporate Governance Framework for the Company
- Create and implement, internal audit annual plans as well as prepare and present findings that reflect audit results.
- Ensure compliance within the Company through established internal control procedures and processes by examining records, reports, operating practices, procedures and documentation
- Establish procedures for planning and conducting audits, including the development of audit programs and policies.
4. Qualifications:
- Matric.
- Law/ Risk/ Business Management Degree
- RE5
- RE1 – Desirable
5. Experience
- 3-4 years Financial Services Industry experience
- Any GRC-related experience – Desirable
6. Skills and Knowledge
- Written and verbal communication skills.
- Good computer skills [MS Office (Excel, Word, and Power Point)].
- Time management skills.
- Interpersonal skills.
- Good Proofreading skills.
7. Attributes
- Professional.
- Ability to read and interpret legislation and other documentation.
- Accurate.
- Streamlining practices and procedures.
- Ability to Prioritise.
- Honest, Hardworking and Humble
