Compliance Officer

THE JOB AT A GLANCE

As a Compliance Officer, you will be reporting into the Compliance Manager, you will be

responsible for conducting internal audits to ensure compliance with regulatory

requirements and internal policies, and develop and implement compliance

policies in liaison with regulators. Assess and report on compliance risks,

investigate incidents and take action to ensure compliance. Has knowledge of

government laws and regulations affecting the company's business area, and

ability to interpret laws and regulations in light of operations. Ensure all external

regulatory frameworks are complied with within reasonable risk and cost

parameters. RMA-specific purpose: To pro-actively and constructively assist the

RMA Group in managing its responsibility to comply with all applicable regulatory

legislative requirements, applicable regulatory codes and standards, and internal

policies and procedures.

WHAT WILL YOU DO?

Regulatory and Compliance Management:

Help design and implement a compliance program, liaising with the regulator to ensure

the program adheres to regulatory and compliance standards. This may also or

alternatively involve supervising the activities of a regulatory/compliance team.

Regulatory Affairs:

Take responsibility for providing specific elements of the regulatory affairs service with

guidance from senior colleagues.

Quality Management System:

Contribute to the identification and evaluation of current policies and business processes

that are in the scope of the Quality Management System; contribute to the design of the

QMS; provide specialist quality management input to the drafting of new policies and

procedures, and design of business processes; contribute to the quantification of the

costs and business benefits of change.

Audit Compliance:

Manage a portfolio of audit assignments, ensuring that the team plans and delivers audits

that cover identified risk areas and that appropriate corrective actions are agreed on with

auditees. Resolve issues arising from audits and refer serious or contentious issues to the

audit program leader.

Compliance:

Identify shortcomings in compliance processes, systems and procedures, and suggest

and implement appropriate improvements. Work is focused on an assigned unit or

discipline.

Operational Compliance:

Maintain and renew a deep knowledge and understanding of the organization's policies

and procedures and of relevant regulatory codes and codes of conduct, and ensure own

work adheres to required standards.

Identify, within the team, patterns of non-compliance with the organization's policies and

procedures, and with relevant regulatory codes and codes of conduct, taking appropriate

action to report and resolve these and escalating issues as appropriate.

Leadership and Direction:

Communicate the local action plan; explain how this relates to the function's strategy and

action plan, and the broader organization's mission and vision; motivate people to achieve

local business goals.

Provide guidance and coaching to Interns and junior staff in the Compliance Function.

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company that’s 132 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.

Our Commitment to transformation:

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

WHAT YOU'LL BRING TO THE TABLE?

Undergraduate Degree/Honours Tertiary Degree/Legal Degree/Compliance qualification

Admission as an attorney or advocate

8 years compliance experience

6 years working experience within an insurance or financial institution

Registered as a Compliance Officer with the FSCA

FSCA Regulatory Exam (RE1) an advantage

Member of the CISA

Professional Compliance Designations i.e. CPRAC(SA) or CPROF(SA) a requirement

Experience of supervising and directing people and other resources to achieve specific

end results within limited timeframes (13 months to 3 years)