Regulatory Change Officer - Sandton at Discovery Limited

Key Purpose

• Designing and implementation of a compliance risk management process that includes the provision of sound advice regarding legislation, regulation, industry standards, codes, guidelines, and best practice that are faced by the relevant stakeholder.

Areas of responsibility

The successful candidate will be required, primarily, but not limited to:

• Provide guidance through a multidisciplinary approach to multiple business and executive management to ensure that business objectives (strategic and operational) are aligned to the Regulatory Framework and Exposure profile of the business.
• Continuously monitor the Compliance Exposure on the Regulatory Frameworks applicable to the business and amending the level of exposure as required.
• Ensure delivery against a defined compliance work plan.
• Oversight and management of staff and all staff related activities, where applicable.
• Managing and improving the compliance framework for Regulatory Change.
• Manage and maintain the regulatory universe.
• Regulatory change and oversight:
• Provide guidance and support on new and changed regulatory requirements.
• Managing the regulatory changes, analysis of such changes and high-level evaluation of the impact on business operations and communicating to the different compliance units and/or executive management.
• Track progress on implementation of new and changed regulatory requirements. 
• Management of drafting, collating and submission of comments to influence the change of legislation.
• Build, develop and maintain relationships with the key internal and external stakeholders relevant to the functional area and / or area of specialisation.
• Provision of input into the regulatory training plans based on the regulatory universe and identified future needs. Training material support in terms of regulatory requirements, research and review.
• Group CRMP facilitation and system management.
• Drafting of regulatory change frameworks which meets the compliance-related objectives of the organisation.
• Reviewing of Group policies, where applicable, for overall regulatory requirements.
• Facilitate regulatory workshops with the relevant business owners on the legislative changes impacting  entities within the organisation.

Personal Attributes

• Ethical
• Driven
• Focused
• Organised
• Proactive
• Perceptive
• Outcomes focused
• Trustworthy
• Interpersonal Skills
• Team Player

Education and Experience

• Relevant tertiary qualification in Law and/or Commerce or similar
• Post-graduate qualification and CPrac accreditation (advantageous)
• 5 – 10 years compliance specific experience with 3 years’ experience in the management, implementation and maintenance of Compliance Frameworks
• Legislative knowledge and interpretation
• Knowledge of the financial services and regulatory environment
• Authoring policies and other documents 
• Compliance Risk Management Plans
• Exposure to compliance and/or regulatory technology and software, highly developed analytical skill