Compliance Manager - Monitoring
Excellent opportunity for a highly experienced COMPLIANCE MANAGER - MONITORING.
Education and Experience
- Relevant tertiary education
- 6 years’ experience in large corporate environment in management, including staff management, implementation and maintenance of processes and procedures.
- Demonstrated success leading change initiatives.
Duties & Responsibilities
Compliance Risk Monitoring
- Contribute and review of annual compliance monitoring plan for the Group Compliance Management Committee.
- Present the monitoring plan to the relevant stakeholders in the various business units.
- Execute on the monitoring plan approved by the governing body, through evaluation of control activities to provide assurance that control activities are conducted in compliance with the highest compliance obligations.
- Continuously contribute to the Group Compliance monitoring methodology, framework, reporting templates and supporting standard operating procedures.
- Keeping abreast with all regulatory developments and changes in the financial services industry and industry practices.
Reporting
- Review and secure approval of all compliance monitoring reports.
- Attend to annual monitoring plan close-off reporting.
- Provide input into the monthly reports to the various Financial Services Providers (FSPs) within the Group.
Management of Monitoring Officers
- Provide guidance and advise on day-to-day tasks to fulfil execution of monitoring plan timeously.
- Manage and oversee all employee related activities and matters.
- Draft job specifications.
- Draft and review personal and skills development plans.
- Conduct regular performance management reviews.
Operational
- Review business activities to determine compliance with applicable regulatory requirements.
- Compiling of appropriate engagement letters.
- Presenting engagement letters to senior management prior to commencement of monitoring activities.
- Draft and produce finalised working papers and evidence for all components of work, as per standards set in the Compliance Methodology.
- Ensure that working papers are appropriate and include supporting evidence/documents.
- Agree detailed findings with management and provide appropriate recommendations for management actions.
- Presenting monitoring outcomes and recommendations to senior management.
- Obtain and review management comments and action plans related to compliance incidents (breaches and exposures) identified.
- Preparation of follow-up progress reports.
Desired Experience & Qualifications
Personal Attributes and Skills
- Experience and skills to manage a professional team.
- Detailed knowledge of South African legislation and regulations to be able to interpret and apply legislation.
- Problem solving skills and conflict-management of situations in a constructive and professional manner.
- Ability to make rational judgements from the available information and analysis and provide considered and consistent advice.
- Strong communication, reporting and presentation skills.
- Ability to work as a team, understand the impact of decisions and be confident enough to raise concerns within the team and to senior management.
- Strong research ability and attention to detail.
- Strong listening, organisational and communication skills.
- Strong leadership and teamwork qualities, including but not limited to, guiding and motivating of team members to achieve a common goal, setting of objectives for the team and supporting their development and be productive.
- Foster a positive work environment that promotes employee satisfaction and retention.
- Experience working in or with short- or long-term insurance companies is beneficial.
- Develop an effective network with business representatives and to build the necessary trust relationship with business representatives, such as executive members and senior management.
- Writes in a well-structured and logical way – must have ability to write and review compliance reports and draft compliance guidance notes with detail required to inform the business of regulatory requirements and potential impacts.
- Able to work well under pressure.
- Efficient time management skills, including quick turnaround time on quality work.
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