Compliance Officer at Old Mutual South Africa

Job Description

• Individually accountable for establishing a compliance framework; including Risk Management and Monitoring plan. Embeds compliance, directly and/or through staff supervised over periods of 3 months to a year. Initiates and facilitates corrective action where required

Key Result Areas / Outputs

• Supports the establishment qnd roll-out of an appropriate compliance control framework for the COE
• Provides assurance to applicable segments/BU’s in accordance to the approved compliance plan.
• Reports on compliance breaches to line management and Senior Compliance Officer/Compliance Executive.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Reports to the Senior CO (in functional area), or, if responsible for compliance in a less complex business unit, reports to the Compliance Executive.
• Influence is limited to specific assigned functional area or less complex BU.
• Provides compliance risk-related insights to business, including investigations into possible compliance breaches
• Supports development of the annual CoE / LoB Compliance Plan in line with the Group Compliance plan that sets out the nature, timing and extent of assurance related activities that it will undertake in the year.
• Provides compliance risk-related insights to business, including investigations into possible compliance breaches Supports development of the annual CoE / LoB Compliance Plan in line with.
• the Group Compliance plan that sets out the nature, timing and extent of
• assurance related activities that it will undertake in the year.
• Possibility of managing staff (e.g. assistant COs) operating in less complex BU or functional area.

Qualifications, Skills and Experience:

• Relevant FAIS recognised qualification for Compliance Officers
• Certificate in Compliance an advantage
• CPrac an added advantage

Experience:

• 5+ years relevant industry (financial services) and Compliance experience
• Good understanding of legislation impacting the insurance industry and specifically FAIS
• Excellent written and verbal skills
• Understanding of audit methodology an advantage

Key behavioural skills and attributes that would make a candidate successful in this role:

• Attention to detail
• Resourceful
• Team player
• Ownership
• Relationship building

Skills

• Accountable, Compliance Frameworks, Control Frameworks, Controls Compliance, Detail-Oriented, Risk Compliance, Risk Management, Teamwork

Education

• Bachelors Degree (B)