Group Compliance Specialist at PPS

• To implement compliance risk management solutions within strategic guidelines and policies and to facilitate the management of compliance risks and breaches within the Business Unit through application of accepted risk management principles.
• Reporting to the Senior Manager: Group Compliance, the successful incumbent will be responsible for proactively and constructively assisting business in managing its responsibility to comply with all regulatory items and minimise compliance risks through the provision of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.  

Minimum Requirements    
Formal Qualifications

• Matric
• Bachelor’s degree in Commerce
• Postgraduate Diploma in Compliance Risk Management (advantageous)
• FAIS RE 1 (Key Individual exam) advantageous, requirement for registration as FAIS Compliance Officer

Knowledge & Experience

• At least 6 years’ experience in financial services compliance, long-term/life insurance experience will receive preference
• Experience in auditing/background in auditing
• Knowledge of Financial Services Regulatory Environment
• Legislative Knowledge
• Demonstrated knowledge of Compliance Risk Management Methodology
• Working knowledge of CURA (advantageous)
• Ability to write, communicate and interpret legislative requirement at the appropriate level
• Ability to implement annual compliance plan
• Ability to advise business on compliance matters

Duties and Responsibilities    
Key Responsibilities

• Project management and implementation of key compliance projects.
• Identify gaps or potential deficiencies in compliance and other business areas and resolve.
• Presentations to members of Exco, or key resource used by Exco, for delivery of projects.
• Risk Assessment of Regulatory items.
• Comments on draft bills and other draft regulatory requirements.
• Maintain compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA.
• Developed and maintained compliance monitoring plans.
• Compliance monitoring activities.
• Recommended corrective actions – prescribing and escalations.
• Managed corrective action.
• Managed complaints.
• Managed breaches and risk exposures.
• Implementation of requirements arising from new and amended regulatory items.
• Compliance training on regulatory items.
• Training on compliance methodology.
• Compliance reporting.
• Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments.
• Support business in providing necessary updates on CURA.

Closing Date    
2023/06/02