Our client, with more than 20 years of experience within the financial services field and a nationwide footprint, is seeking a compliance officer who will ensure that the company operates within the legal and regulatory frameworks applicable to the financial services industry.
Location:
Formal Education:
- Related degree (LLB, Bachelor of Law, Finance, Economics, Business Management or related fields);
- RE1;
- Registered Phase 1 Compliance Officer with the FSCA;
- RE3 and Certificate in Compliance Management (advantageous).
Experience:
- 3-5 years' related experience in a compliance function in the financial services with working knowledge of non-life (short-term) insurance being an advantage
Duties:
People:
- Training and Education:
- Ensuring that all employees understand the compliance policies and relevant laws and regulations. This includes developing and delivering training programs on compliance-related topics.
- Communication:
- Acting as the point of contact for compliance-related questions and building strong relationships with financial advisors. Providing clear and accessible guidance to employees and financial advisors on compliance matters.
- Fostering a Compliance Culture:
- Promoting a culture of compliance and ethical behavior within Company.
Processes:
- Regulatory Risk Management support:
- Develop and implement a compliance coverage plan based on the approved regulatory framework;
- Implement all necessary actions as per the compliance plan to ensure achievement of the compliance plan objectives;
- Assist the Compliance Manager in the maintenance of compliance policies, procedures and other compliance documentation.
- Licensing and profile changes:
- Ensure that license profile changes are submitted timeously to the Regulator.
- Monitoring:
- Conduct monitoring as per the agreed compliance coverage plan;
- Monitor and or maintain all compliance registers;
- Compile a monthly file monitoring schedule as per the monitoring plan and report findings to the Compliance Manager;
- Liaise with internal departments, co-ordinate meetings with line managers and provide monitoring feedback to financial advisors.;
- Conduct branch monitoring;
- Review internal monitoring process and results, identify trends and risks for Company;
- Escalate high risk findings to the Compliance Manager immediately.
- Ad hoc support for Compliance projects:
- Assist the Compliance Manager with any compliance project.
- Reporting:
- Assist Compliance Manager to compile internal compliance reports on all compliance activities, compliance risks;
- Assist with reporting to the regulator and other industry bodies.
- Recordkeeping:
- Store all compliance records securely in a manner that allows for easy retrieval on SharePoint;
- Correct naming conventions must be adhered to when documents are stored on SharePoint;
- Maintain compliance documentation on the intranet.
- Training and Awareness:
