Specialist: Compliance at Liberty Group South Africa

Purpose

• To provide specialist advice and support in order to implement relevant components of risk management and to monitor and advise on associated compliance (or non-compliance), through the execution of predefined objectives as per agreed SOPs.

Minimum Experience

• 2 - 3 years experience in a similar environment

Minimum Qualifications

• Bachelors Degree and Professional Qualifications [Level TBA: Pre-2009 was L5] in Finance Economics and Accounting

Additional Minimum Qualifications

• A post graduate diploma in Compliance an advantage.Membership with CISA an added advantageRegulatory Exams where required.

Process

• Accountable for the execution of specialised work including the improvement of quality, standards and outputs within defined work routines and operating procedures.
• Proactively solves problems, determines root-cause and applies solutions in line with guidelines and providing the necessary information to solve problems related to area of specialisation.
• Plan for own task execution and advises on improvements related to area of specialisation.
• Perform compliance management activities to minimize compliance risk to the business and ensuring adherence with policies, standards, procedures and guidelines in accordance with business and regulatory requirements.
• On-going monitoring of emerging and existing laws, regulations, and industry practices relevant to the business and driving the implementation of appropriate interventions.
• Responsible for the review of incident data and carries out root cause analysis to ascertain the cause and monitor remediation initiatives.
• Responsible for providing opinion on compliance-related enquiries and to provide guidance regarding the products/services of the business, in accordance with emerging/new regulations.
• Remains abreast of changes in compliance landscape, provide advice on upcoming regulations, evaluating the overall impact on the business and provide appropriate recommendations.
• Implements the approved compliance program across all areas of the business.
• Ability to detect potential compliance issues and provide recommendations for corrective action as appropriate.
• Supports compliance and ethics communication, training initiatives across the organization.
• Analyse changes in the law and impact on business; consult with operational and functional teams to ensure program effectiveness.

Customer

• Ensure own understanding and adherence to customer service delivery and Treating the Customer Fairly (TCF) principles to provide specialist support and guidance.
• Builds strong relationships with management, operations and other staff to further the purpose of the role; work across functions, regions and business units to effectively further the Company’s compliance program.

Finance

• Adhere to specified standards, policies and procedures to prevent potential losses/wastage related to the area of specialisation.

Learning and Growth

• Contribute positively to own area-specific knowledge improvement associated with area of specialisation.
• Support a compliance risk management culture within the business through the implementation of effective awareness, training, development and communication programs.

Governance

• Comply to set governance and compliance procedures and processes related to an area of work and continuously identify, rectify and escalate risks where necessary.