Senior Risk and Compliance Officer

SUMMARY:
Assist the Risk and Compliance Department to develop and maintain a Risk and Compliance Framework and System for the Company and to provide quality Risk and Compliance Services throughout the Company and in all Departments.

POSITION INFO:

To support the Executive Director (Head of the Risk and Compliance Department) with:

assisting the business to identify, analyse and document risks associated with the Company;

to ensure that the organisation’s risk and compliance framework and the Company’s internal controls, policies and procedures conform to legislation;

to ensure that all frameworks, policies, and procedures are effectively implemented and applied; and

to provide governance support to the Company where necessary.

Key Responsible Areas:

• Prevent illegal, unethical, or improper conduct.

• Provide support to Executive in ensuring the strategic position of the Risk and Compliance Function in the Company.

  • Manage the Risk Function through risk identification and assessment.

  • Manage the Compliance Function through maintaining a compliance framework and compliance enforcement processes.

• Monitor, report and analyse risk, governance and compliance management processes, exposures, and trends.

Tasks/Activities:

Prevent illegal, unethical, or improper conduct.

• Identify legislative risks.

• Review and evaluate compliance issues.

• Ensure the organisation complies with laws and regulations, and statutory and supervisory requirements.

• Monitor and interpret industry developments and relevant laws and regulations.

• Provide advice, awareness and training on matters pertaining to compliance.

• Establishes and embeds compliance culture across the Company and its entities.

• Fulfils functions required in terms of FAIS legislations such as monitoring and reporting to the financial services provider and the FSCA.

• Maintain FICA business rules.

Provide support to Executive in ensuring the strategic position of the Risk and Compliance Functions in the Company.

• Develop and maintain a risk and compliance framework (governance strategy and processes).

• Implement the risk management framework effectively across the company.

• Identity current/actual and emerging risk through evaluating both internal and external risk environment on a continuous basis.

• Assist with the development and implementation of compliance management plans, policies, procedures, and processes relating to risk and compliance.

• Conduct Gap Analysis Risk and Compliance Management process at regular intervals.

• Facilitate annual risk management assessments for all major changes of operational processes operational processes.

• Develop systems to facilitate risk and compliance monitoring and risk improvement.

• Proof, edit and submit licence applications to Regulators, create documents and other applicable material.

• Compile a consolidated risk and compliance register on a regular basis and ensure that key risk indicators are included in the risk register.

• Manage and monitor the FAIS Rep Register/Competency Register.

• Review and update the compliance and regulatory universe and ensure organisational readiness and implementation of laws and regulations that affect the organisation.

• Review and administer the business insurance cover and insurance claims on behalf of the organisation.

• Maintain a loss events register.

• Liaise with internal and external auditors.

• Design and update risk mitigating policies.

• Prepare and submit reports (Monthly, Quarterly, Annual).

• Drafting and/or vetting of agreements.

• Assist in the designing and implementation of all administrative processes and procedures in adherence to company policy.

• Prepare compliance reports.

• Supervise compliance and risk teams.

• Ensure effective promotion and practice of good corporate governance and compliance pertaining to policies, legislation, and regulations.

Monitor, report and analyse risk, governance and compliance management processes, exposures, and trends.

• Oversee and monitor adherence and compliance to risk, governance and compliance 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 compliance processes.

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