Compliance Monitoring Officer

Full Time
Posted
2 weeks ago

MINIMUM REQUIREMENT:

  • LLB / BCom or Internal Audit Degrees
  • Occupation Certificate: Compliance Officer (NQF Level 6) (Advantageous) 
  • Professional Compliance Designations i.e. CPrac (SA) or AML CPrac (SA) (Advantageous) 
  • 2 – 4 years 'experience in a similar role. 
  • Member of the CISA. 
  • Working knowledge of FAIS, Insurance Act, Long Term Insurance Act, Policyholder Protection Rules, AML will be an added advantage. 
  • Strong planning and analytical skills. 
  • Excellent verbal communication and writing skills. 
  • Ability to work under pressure and meet deadlines. 
  • Good presentation skills and ability to interact with management. 
  • Experience in compiling compliance reports. 
  • Good knowledge of Microsoft Office. 
  • Highly motivated, accurate, methodical and able to prioritise effectively. 
  • Ability to liaise with colleagues and work supportively and collaboratively when necessary and/or appropriate. 
     

WHAT WILL YOU DO:

Monitoring Planning and Implementation: 

  • Completion of CRMP's and the themed monitoring as per the approved Annual Compliance Plan. 
  • Facilitate Regulatory Control Workshops with affected Departments on upcoming planned Monitoring reviews. 
  • Review and improve on the current compliance control environment (where required) on applicable legislation and new legislative developments via the CRMP’s. 

Monitoring Reviews: 

  • Conduct monitoring reviews of regulatory compliance, legislation and polices through the electronic compliance software system. 
  • Review the adequacy and effectiveness of the current controls and action plans. 
  • Keep working papers and adhere to the Compliance Monitoring Methodology. 

Monitoring Report: 

  • Prepare the monitoring report as per Group Compliance standards. 
  • Assist in presentation of the monitoring report to the stakeholders. 
  • Follow up on and manage agreed actions with the business. 
  • Capture all findings raised during monitoring reviews on the central findings register and update the register regularly. 
  • Track the remediation progress of open findings raised during reviews to closure. 

Adhoc Monitoring and other Initiatives: 

  • Conduct adhoc monitoring and investigations. 
  • Participate in regulatory projects implementation. 
  • Maintain relationships with the Divisional areas, internal audit, and other related compliance & risk management functions.

KEY OUTPUTS

  • Compliance monitoring and reporting 
  • CRMP’s workshops (Control identification and verification) 
  • Stakeholder relationship management 
  • Personal Development Plan 
  • Regulatory Projects involvement 

WHAT WILL YOU GET IN RETURN

We offer great opportunities for personal and professional development in a stable company that’s 129 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. 

KNOWLEDGE & SKILLS REQUIRED

  • Good working knowledge of Financial Services legislation is required. 
  • Practical knowledge of applicable insurance and related legislation 
  • Knowledge of business policies, processes and procedures, regulatory compliance 
  • Strong planning and analytical skills. 
  • Good presentation skills and ability to interact with management. 
  • Excellent verbal communication and writing skills. 
  • Ability to work under pressure and meet deadlines. 
  • Experience in compiling compliance reports 
  • Knowledge of industry best practices and professional standards 
  • Judgement and Decision-making 
  • Attention to detail. 
  • Good knowledge of Microsoft Office Package 
  • Initiative-taker with minimum supervision 
  • Sound knowledge of the CISA’s Generally Accepted Compliance Practise framework. 
  • Highly motivated, accurate, methodical and able to prioritise effectively. 
  • Ability to liaise with colleagues and work supportively and collaboratively when necessary and/or appropriate. 

HOW TO APPLY 

Send your CV to blourens@randmutual.co.za 

Address your application to: Ben Lourens, Compliance Manager 

In the subject line of your email write: Application for Monitoring Officer 

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. 

CLOSING DATE: 23 FEBRUARY 2024 

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. 

 

 

Location
Parktown, Johannesburg