Compliance Officer: Job Grade 10/11: SLS: Finance: Compliance: Bellville

What will you do?

• The Compliance Officer is responsible for assisting the Compliance Manager in ensuring the implementation and maintenance of an effective and well-monitored regulatory compliance framework within SLS, with a primary focus on Sanlam Group Risk and Sanlam Corporate Investments.
• The role supports the identification, management, and monitoring of regulatory compliance risks and promotes adherence to applicable legislation, regulatory requirements, and internal governance standards

What will make you successful in this role?

• Identification and risk rating of applicable laws and regulations
• Implementation and maintenance of the compliance framework and processes
• Compliance risk assessments, development, and implementation of compliance risk management plans
• Developing and maintaining compliance monitoring plans
• Conducting compliance monitoring
• Compilation of internal and external compliance reports
• Implementation of remedial action
• Review regulatory training material to ensure that training requirements are met
• Provide compliance training
• Presenting to and engaging the relevant business areas on compliance feedback and corrective action
• Provide guidance on regulatory developments and group policies
• Assist with the promotion of a culture of compliance and awareness within Sanlam Corporate by actively participating in compliance projects and training initiatives
• Working knowledge of the legislation
• Analyse and interpret regulation and legislation
• Ability to advise on legislation and understanding the impact that it has on business
• Ability to comment on regulatory developments and advise business on changes
• Ability to interact with industry bodies on legislation
• Timeous involvement in key regulatory projects in order to pro-actively provide compliance guidance to business

Qualification and Experience

• Minimum of 3-5 years' experience in compliance including exposure to insurance and investment businesses
• LLB, BComm Law or relevant legal qualification
• Applicable regulatory exams
• Experience in providing compliance advice, conducting monitoring activities, and managing regulatory risk within insurance and/or investment environments
• Member of the Compliance Institute of Southern Africa – Certified Compliance Practitioner CPrac designation would be advantageous

Knowledge and Skills

• A strong working knowledge of the financial services industry and its regulatory environment with a specific focus on Insurance, FAIS and medical legislation
• Sound knowledge and practical compliance experience relating to FAIS, the Long-term Insurance Act, Conduct Standards, Policyholder Protection Rules, FICA and other applicable financial services legislation
• A thorough understanding and knowledge of development and execution of compliance risk management and monitoring plans
• Working knowledge of the Generally Accepted Compliance Practice Framework
• Ability to work well under pressure, independently and as part of a team
• Relationship building skills
• Communication both written and verbal
• Decision making skills
• Technical professional skills
• Report writing skills
• Negotiation/Influencing skills
• Analytical thinking and problem solving skills
• Leadership and self-confidence
• Presentation skills
• Computer literacy
• Planning and organising skills