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 annual compliance monitoring plan for the Group Compliance Management Committee.
- Present the monitoring plan to relevant stakeholders in various business units.
- Execute the monitoring plan approved by the governing body, evaluating control activities to ensure compliance with obligations.
- Continuously contribute to the Group Compliance monitoring methodology, framework, reporting templates, and supporting standard operating procedures.
- Keep abreast of regulatory developments and changes in the financial services industry.
Reporting
- Review and secure approval of all compliance monitoring reports.
- Attend to annual monitoring plan close-off reporting.
- Provide input into monthly reports to various Financial Services Providers (FSPs) within the Group.
Management of Monitoring Officers
- Provide guidance and advice on day-to-day tasks to fulfill execution of monitoring plan.
- Manage and oversee all employee-related activities and matters.
- Draft job specifications and review personal and skills development plans.
- Conduct regular performance management reviews.
Operational
- Review business activities to determine compliance with applicable regulatory requirements.
- Compile appropriate engagement letters and present them to senior management prior to monitoring activities.
- Draft and produce finalized working papers and evidence for all components of work as per standards set in the Compliance Methodology.
- Ensure working papers are appropriate and include supporting evidence/documents.
- Agree on detailed findings with management and provide recommendations for management actions.
- Present monitoring outcomes and recommendations to senior management.
- Obtain and review management comments and action plans related to compliance incidents.
- Prepare 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.
- Problem-solving skills and conflict management in a constructive manner.
- Ability to make rational judgments and provide consistent advice.
- Strong communication, reporting, and presentation skills.
- Ability to work as a team and raise concerns confidently.
- Strong research ability and attention to detail.
- Strong listening, organizational, and communication skills.
- Strong leadership and teamwork qualities.
- 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.
- Ability to write and review compliance reports and draft compliance guidance notes.
- Able to work well under pressure and manage time efficiently.
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