Compliance Officer at Guardrisk

Role Purpose

• To build and maintain relationships with internal stakeholders (i.e. the division’s 1st line as well as 2nd line divisional functions such as risk, legal and 3rd line being audit) by establishing effective partnerships to identify and manage compliance risks.

Requirements

• BCom Degree (General, Legal or Compliance) or LLB
• Any compliance related certificates
• At least 4-6 yrs experience in a legal or compliance administration position in a short or long-term insurance operation.
• Practical experience in  the financial  services  industry in  either  a legal  or compliance role(s)
• Solid knowledge and understanding of Long-term Insurance Act, Short-term Insurance Act, Financial Intelligence Act, Insurance Act, FAIS Act and POPI Act

Duties & Responsibilities

• Manage relations with Regulators (FSCA, PA & NCR)
• Assist in developing and implementing processes to identify, manage, mitigate and report on money laundering, proliferation financing and terrorist financing risks
• Providing proactive and responsive advisory support on compliance related matters
• Be responsible for establishing the written policies and procedures regarding the AML/PF/CFT, the measures to control money laundering risk including guidance on the customer due diligence in accordance with the FIC Act and other the applicable legislation
• Provide advice to all relevant departments/ divisions on AML obligations including but not limited to the identification and reporting of suspicious transactions
• Be responsible to conduct ongoing training courses to promote awareness of the AML/CFT laws and regulations and Guardrisk’s RMCP
• Monitor controls and follow up on the closure of gaps identified. Ensure all management personnel and staffs are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT
• Oversee the implementation AML/CFT/CPF controls for Guardrisk international branches
• Analysis, interpretation and impact assessment of new legislation
• Develop and maintain CRMP’s for high risk legislation
• Adopt and adhere to a risk-based approach in the management of compliance risk
• Keep abreast of all regulatory developments/changes that may potentially impact the division and engaging relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management

Competencies

• Analytical thinking and attention to detail
• Ability to analyse and understand complex structures
• Self Management (ability to plan and manage time effectively)
• Ability to communicate (both written and verbal to internal and external clients)
• Good people skills in working with internal staff and external clients