Group Compliance Officer

Requirements

• Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the Financial Sector Conduct Authority FSCA
• Admitted Attorney, Chartered Accountant, Post graduate qualification in Compliance Management will be added advantage.
• Degree in Commercial, Legal, Risk Management, Audit, Finance, related field.
• 7 - 8+ year of experience

Duties & Responsibilities

• Prepare and submit Quarterly Group Compliance Report for relevant governance committees
• Liaise with the Prudential Authority and Financial Sector Conduct Authority in respect of all Market Conduct-related topics
• Managing & attending regulatory on-sites and inspections
• Attending to and submitting regulatory returns and analytics
• Conduct research to identify and monitor regulatory and market trends
• Identify and prioritise relevant legislation and perform impact analyses
• Identify controls needed to manage compliance with legislation
• Identify gaps and agree on corrective action and remediation timelines
• Assess controls and determine frequency of monitoring
• Oversee the implementation of the coverage plan and quarterly reporting thereon
• Work with other assurance providers to provide combined assurance where relevant
• Oversee completed audits and ensure follow-up on outstanding findings and required areas of improvement
• Serve as Money Laundering Compliance Officer
• Maintain regulatory universe and regulatory body list following updates to relevant regulations and co-ordinate input from business
• Review processes and tools in the light of changing requirements and monitor the broader implementation thereof
• Provide professional advice, guidance and training to group on compliance matters
• Collaborate, build and enhance relationships with internal and external stakeholders
• Build and maintain relationships with clients and internal and external stakeholders
• Deliver on service level agreements applicable to clients and internal and external stakeholders in order to ensure that client expectations are managed
• Make recommendations to improve client service and fair treatment of clients within area of responsibility
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery
• Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after-sales service
• Manage client query processes and ensure that queries are tracked, accurately resolved and used as a mechanism to improve client service and business processes
• Contribute to creating a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
• Contribute to and drive a culture that guides and directs best practice, fostering an environment of continuous learning, people growth and improvement and cohesiveness
• Effectively manage your performance within the team in order to ensure business objectives are achieved
• Be a role model for innovation, change agility and collaboration behaviours within the team
• Identify solutions to enhance cost effectiveness and increase operational efficiency
• Manage financial and other company resources under your control with due respect
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy
• Drafting compliance reports for Group's governance forums
• Liaison with the Prudential Authority, Financial Sector Conduct Authority and other regulatory bodies
• Handling regulatory onsites, inspections, desktop reviews
• Conducting deep dives on compliance-related topics
• Insurance, Prudential & Market Conduct Regulatory Universe
• Compliance Risk Management
• Drawing up Compliance Risk Management Plans
• Conducting Risk Assessments
• Drafting Policies and Frameworks
• Industry best practice in all areas relevant to the role
• Evolving technology and digital adoption
• Data analysis and data-driven decision-making
• Specialist leader of compliance / regulatory team

Compliance Requirements

• Regulatory requirements and changes thereto local and cross border LTIA, STIA including the PPR's, Insurance Act & the Prudential Standards GOI's, GOG's, FSI's, FSG's, FSRA, Pension Funds Act, Companies Act, FAIS, FICA, CISCA, POPIA, CoFI, etc
• Draft and refresh compliance policies, frameworks, methodologies and practices
• Display a sound understanding of the regulatory universe and how it applies to different businesses
• Design Risk-based compliance coverage plans, coordinate Business Unit monitoring and combined assurance with Risk and Internal Audit; ensure qualitative CAF/ORSA and Board reporting with insights and dashboards
• Conducting gap analyses, providing compliance assurance and monitoring
• Ability to draft succinct compliance reports at Board level
• Draft succinct compliance assurance opinions
• Create dashboard reporting
• Provide compliance-related training and review of training material
• Champion a one compliance culture with visible influence, constructive challenge, and pragmatic advice to business; participate in industry forums.