Compliance Officer

Minimum Requirements

• LLB Degree
• 3 years relevant experience in the financial services sector
• Familiarity with regulations and laws governing the financial services sector

Technical (COMP)

• Analytical Skills
• Attention to detail
• Communication skills
• Emotional Intelligence
• Influencing skills
• Persuasive skills

DUTIES:

• Analysing Statutory requirements and Providing Advice to
• Determine all relevant laws and regulations pertaining to the activities of the Group
• Develop/review risk management plans in accordance with best industry compliance practice.
• Regularly engage with and advise Line Management and compliance champions of the requirements in order to determine the necessary controls and ensure update or amendment of operational procedures
• Analyse and advise on adequacy of controls to Line Management and compliance champions.
• Interpret, advise and consult with various business functions on issues in respect of legislative requirements
• Consult widely with regulatory bodies and industry on interpretation and application of laws and regulations as and when requested by the Group Compliance Officer.

Monitoring and Reporting on adherence to Statutory

• Determine and advise the level of Compliance within each assigned business unit and entity within the Group.
• Develop a monitoring action plan based on identified areas of risk and as per routine required as well as from receipt and analysis of findings from Internal Audit.
• Prepare reports on same within timeframes.
• Advise Line Management and compliance champions of deficiencies and recommend corrective action.
• Maintain an issues log of deficiencies and monitor the implementation of corrective action.
• Report instances of non adherence to the Group Compliance Officer.
• Prepare the necessary Compliance reports for submission to the various regulators and the Executive and other committees within the Group as requested by the Group Compliance Officer.

Compliance to Statutory and Regulatory and other Requirements

• Draft and maintain compliance policies and manuals for approval by the Board as requested by the Group Compliance Officer.
• Ensure that standard policy and process documents are in place in the various business units and that these are regularly reviewed and updated including aligned to the Treating customers Fairly and Ethics regimes.
• Creating awareness of legislative requirements and ensuring that staff are aware of and competent in all aspects of Compliance, inter alia through; Conducting presentations, Issuing compliance alerts, Publishing documentation on the intranet & Drafting communication and advice for internal use.
• Advise Training Department of required training interventions in respect of new or amended laws and regulations, prepare training material as required and monitor educational outcomes.
• Prepare information for the Group Compliance Officer for presentation at various levels within the organisation including to the Board, Executive and Divisional Management on developments in the regulatory environment

Customer

• Create and maintain productive relationships with internal and external clients by providing advice and assistance.
• Create understanding of the ‘real’ versus ‘perceived’ need through, experience and expertise while complying with company policies, legislation and regulations.
• Keep the client informed about progress through written communication, telephone communications and/or face to face meetings.
• Build a positive image by exceeding client expectations at all times
• internal and external customers fairly at all times

Communicating with Regulatory Bodies

• Liise with and report to regulatory authorities as determined by the Group Compliance Officer
• Consult widely with such regulatory bodies on interpretation, application and level of adherences to laws and regulations
• Manage and assess the quality of regulatory reporting
• Respond to any enquiries from the regulatory bodies
• Liaise with business regarding special requests from Regulators and -facilitate corrective action where required
• Co ordinate and facilitate on site regulatory audits whenever requested
• Prepare Information for the Board on relevant regulatory interaction as requested by the Group Compliance Officer

Professionalism and team work

• Ability to engage with and work supportively with team members
• Ability to add value to the efficiency of the division through process and systems enhancement including documenting and implementing enhancements.
• Ability to inspire team members by setting an example of professional behaviour including quality of work, meeting deadlines, communicating timeously with stakeholders, giving feedback, working additional hours where required through deadlines or urgent issues to be attended

 Other/general

• Assisting the Group Compliance Officer or designate with any other requirements relating to ensuring the successful delivery of output of the Group Compliance Team