Senior Compliance Officer MMH250226-13 - Sandton - Guardrisk Group

Description

Senior Compliance Officer Role

The Senior Compliance Officer will be responsible for monitoring and reporting on the compliance of all licenses and laws, as well as ensuring that company policies and procedures are being followed within the Group.

Key Responsibilities:

• Maintain and review policies and procedures to prevent non-compliance with applicable laws.
• Review and propose amendments to compliance policies and standards.
• Lead the implementation of process changes due to policy and regulatory amendments.
• Manage relationships with stakeholders including regulatory bodies, industry associations, and business areas to direct compliance issues to appropriate channels.
• Consult with legal and risk departments to resolve complex regulatory compliance issues.
• Investigate and respond to alleged contraventions of rules, regulations, policies, procedures, and codes of conduct.
• Assist in identifying potential areas of non-compliance, threats, opportunities, and risks.
• Draft guidance notes and recommend remedial actions to avoid future non-compliance.
• Report breaches or potential non-compliance to governance forums and regulatory bodies.
• Maintain a compliance communication and training program for the organisation.

Requirements:

• BCom General / Law or LLB degree.
• A Compliance Management Certificate from the Compliance Institute or equivalent.
• At least 3 to 6 years insurance compliance experience, with 2 years in insurance compliance as a specialisation.
• Knowledge of legislative framework including Companies Act, Financial Sector Act, Financial Advisory and Intermediary Services Act, Short-term and/or Long-term insurance regulatory framework, National Credit Act, Conduct Standards for Third-Party Cell captives, and other relevant legislation affecting the company.
• Admission as attorney or advocate, knowledge and understanding of Financial Intelligence Centre Act, Public Finance Management Act, Financial Crime, and exposure to operational risk will be an advantage.
• Knowledge of compliance processes and principles within a compliance function.

Seniority Level:

Mid-Senior level

Employment Type:

Full-time

Job Function:

Legal