Risk and Compliance Officer

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