Compliance Analyst

SUMMARY:
Opportunity available for a Compliance Analyst. Assist teams to develop, implement and manage comprehensive compliance risk management plans

POSITION INFO:

SKILLS & QUALIFICATIONS:

• Degree or IISA Licentiate/Associate - Legal or Auditing Degree (preferred) Compliance Management Certificate an advantage (NQF 7)
• 1-3 years Business Compliance experience in Financial Services
• Solid understanding and experience in Business Processes environment e.g. claims, sales, distribution
• FAIS
• FICA
• Long Term and Short Term Insurance Acts
• Pensions Fund Act Money Laundering Law

DUTIES/RESPONSIBILITIES:

• Compliance requirements per business area Identifying and rating the applicable compliance risks. 
• Developing a compliance risk management plan the design of appropriate procedures and processes to manage identified risks Implementing a continuous compliance risk monitoring process. 
• Perform effective monitoring and reporting of business compliance by conducting compliance monitoring reviews of high risk regulatory items within Business Units. 
• Distill new legislative requirements and effectively and practically translate the compliance requirements impacting on business operations, processes and practices to the management of those business areas. 
• Proactively consult with business areas in order to align compliance requirement to current and future business activities.
• Facilitate compliance risk management workshops within teams to identify relevant regulatory risks.
• Review operational transactions, procedures and processes to determine whether they are compliant with relevant regulatory requirements. 
• Identify and communicate compliance risk issues and/or irregularities and assess the adequacy and effectiveness of management’s proposed mitigation and prevention plans. 
• Prepare reports on individual compliance monitoring reviews.
• Participate in and contribute to high level summary reporting to business units. 
• Participate in and contribute to Board Reporting for the group. 
• Assist in preparation and submission of statutory report.
• Manage and maintain positive relationships with internal and external stakeholders.
• Liaise across all risk management areas of the business to deliver a combined assurance approach.

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