Compliance Officer
Compliance Officer
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Key outputs
- Providing support and technical guidance on legislative compliance matters including but not limited to FICA requirements and to assist with the implementing development and maintaining of the Compliance Risk Management Framework.
- Assist with ensuring that all regulatory and compliance risks are identified managed mitigated and reported on and that the Chief Risk Officer the Internal Risk Committee the Board Risk Committee and the Board are made aware of such risks.
- Analyse current and forthcoming regulations proposals and legislation and provide meaningful detailed analysis.
- Providing support and guidance to Management and Senior Management in responding to compliance matters and resolving queries.
- Ensure that the necessary compliance policies frameworks processes and procedures as well as compliance plans are executed on and continuously improved.
- Assist in compiling internal and external compliance reports.
- Assist in the recording of non-compliance matters identified and follow through on the agreed recommendations.
- Assist Management to influence proposed legislative changes and projects initiated by the regulators and industry bodies.
- Engage and attend workgroups with external stakeholders such as SAIA as well as with the Regulatory Authorities on a constant basis. The successful candidate will be expected to establish and maintain a good working relationship with these external stakeholders and Regulatory Authorities and to contribute meaningfully in these engagements.
- Relationship management and interaction with internal stakeholders. Collaborates with other departments (e.g. Risk Management Internal Audit Human Resources etc.) to direct compliance issues to appropriate existing channels for investigation and resolution.
- Assist monitor guide and coach staff on Compliance matters.
Qualifications :
Essential
- Law degree.
- At least 3 - 5 years experience in in Anti-Money Laundering (AML) and Financial Intelligence Centre Act (FICA) compliance compliance risk management guidance and monitoring.
- Demonstrate a practical understanding of all legislation applicable to an insurance business including but not limited to FICA Insurance and Financial Advisory and Intermediary Services (FAIS) legislation as well as related products.
- Proficient in MS Office Suite.
- Business writing skills.
Advantageous Qualifications and experience
- Post Graduate Diploma in Compliance Management.
- FAIS Cat I Licensed Compliance Officer.
- Certified Anti-Money Laundering Specialist (CAMS) or equivalent AML certification.
- Demonstrable relationships with key stakeholders at Regulatory Authorities and industry associations.
- Practical experience with the goAML system of the FIC.
Evidence of
- Strong understanding of AML legislation and FICA requirements as well as other insurance and FAI related legislative requirements.
- Strong analytical skills and ability identify compliance risks and trends.
- Alignment to OUTsurance values (Awesome Service Passionate Honest Human Dynamic and Recognition).
- Personal drive and a positive attitude.
- Ability to be a self-starter and drive tasks to completion.
Competencies
- Communicate clearly and concisely.
- A team player with a flexible approach.
- Good people skills as well as being able to communicate well in all aspects of the company.
- Very strong interpersonal skills and the ability to build relationships.
- Problem-solving skills.
- A desire to learn and grow.
- Takes initiative and works under own direction.
- Upholds ethics and values and demonstrates high levels of integrity.
- Engage professionally.
- Methodically plans and organises tasks and projects.
- Works meticulously always demonstrating a very high level of attention to detail.
- Adapts and responds positively to change.
- The ability to multitask and handle stress.
- Strong MS Office skills.
Additional Information :
In accordance with OUTsurance Group Employment Equity goals preference will be given to individuals who meet the job requirements and are from the various designated groups.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
