Group Compliance Officer - Centurion at Momentum Metropolitan Holdings Limited

Role Purpose    

• To partner proactively and constructively with the Compliance community across the group to facilitate the achievement of Risk and Compliance objectives and to provide ongoing guidance and oversight where needed.  The role also involves liaison with the regulators on approvals, notifications, statutory reporting and query resolution and supporting group functions that do not have dedicated Compliance support.

Requirements    

• 8-10 Years compliance related experience in the insurance and financial services industry*
• Degree Risk Management|Bachelors qualification in Law/Commerce|Post graduate qualification in Compliance Management
• Be registered as a licensed compliance officer with the FSCA
• Understanding of the insurance and financial services industry       
•  Knowledge and understanding of the typical products offered by organisation 

General (pre-requisite):

• Superb abilities to lead through influence and build relationships at all levels
• Excellent written and verbal communication, reporting and presentation skills
• Assertive, resilient and able to work under pressure
• Good internal consulting, coaching and mentoring skills
• Analytical and attentive to detail
• Deadline and solution-driven

Technical Pre-requisite:

• Displays strong understanding of Compliance management frameworks, methodologies, processes and industry best practices 
• Functions proactively and strategically with a holistic view on Compliance
• Able to advise business on complex compliance matters
• Displays deep understanding of relevant legislation and its impact on business strategy
• Able to write, communicate and interpret legislative requirements at the appropriate level (including translating technical legal knowledge for a non-legal audience)
• Relevant systems knowledge

Organisation (induction):

• Sound understanding of MMH’s vision, values, mission and culture
• Expressed and implied ethical responsibilities
• Sound understanding of the group structure and business flows

Role (foundational knowledge):

• Compliance policies, frameworks, methodologies and practices
• MMH’s reporting structure
• Business strategy
• Displays a sound understanding of the regulatory universe and how it applies to different businesses
• Understanding of broader Risk framework and how individual legal risk elements are managed
• Strong focus on building a sound internal and external network

Changing knowledge requirements:

• Regulatory changes
• Evolving control framework
• Business structure and reporting lines
• Business strategy and priorities
• Industry best practice in all areas relevant to the role
• Evolving technology and system changes
• Reporting requirements

Compliance Requirements:

• Internal Codes of Conduct, standards, policies and procedures
• Knowledge of regulatory requirements and changes thereto (e.g. 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, FSCR, etc)

Duties & Responsibilities     
INTERNAL PROCESS...

• Company - wide Compliance monitoring and reporting:
• Approved MCP (monitoring coverage plan)
• Achievement of group compliance objectives
• Prompt flagging and management of potential risks (including consequence management)
• No reporting breaches

Satisfactory audits

• Accurate and up-to-date bank of regulations stored and maintained in the regulatory universe
• Accurate, timely updated Compliance documentation 
• Professional advice, guidance and training to the group on Compliance matters:
• Clear and structured communication and advice to business
• Strong business partnerships evidenced by internal stakeholders seeking advice and off-the-record opinions
• Foll0w-through on identified training needs

Satisfactory audits resulting from raised awareness

• Improved Compliance capabilities
• Compliance support to the international businesses:
• Achievement of cross-border compliance objectives
• Achievement of project objectives
• Satisfactory audits
• Formal and ad hoc project management:
• Achievement of project objectives
• External stakeholder engagement and reporting:
• Strong relationships with the regulators that facilitate the achievement of business goals
• No breaches, fines of penalties
• Proactive risk mitigation
• Internal stakeholder engagement and reporting:
• Strong business partnerships
• Stakeholder satisfaction
• Team leadership and mentoring of Compliance Interns:
• Interns are supported to achieve their objectives

Cost consciousness:

• Enhanced efficiencies
• Proactive risk mitigation
• Effective teamwork, self-management and alignment with MMH values:
• Achieves results through strong business partnerships
• Stakeholder satisfaction
• Adherence to procedures and ethical standards