Job Description
This role ensures compliance with a wide scope of legislation within a complex BU or being responsible for two or more functional areas within a BU, and influence legislative developments under supervision of a Senior Compliance Officer. The incumbent is individually accountable for establishing and embedding compliance across the business unit through staff supervised over periods of 3 months to a year.
Key Result Areas:
Manage the line 1 Compliance team in CC Servicing.
- Consolidate and manage all compliance deliverables across servicing areas, including Superfund, SARAF, Wealth, AML and other BU reporting requirements
- Establishes & embeds compliance across BU.
- Ensures compliance within BU, or two or more functional areas within a BU, by implementation of compliance risk management and monitoring plan.
- Reports on compliance breaches to BU/functional areas management and Senior Compliance Officer/Compliance Executive.
- Facilitates resolution of compliance breaches.
- Assists in mitigation of compliance risk.
- Reports to the Senior Compliance Officer.
- Influences, under supervision of the Senior Compliance Officer, across the whole of the complex BU, or two or more functional areas within a BU from a compliance perspective.
- Interacts with the Regulator under supervision of the Senior Compliance Officer to shape new legislation.
- Co-ordinate regulatory change efforts in Servicing
- Co-ordinate privacy efforts in Servicing
- Utilises a wide scope of applicable legislation, including all primary legislation.
- Create a culture of awareness regarding Compliance and Regulatory issues and assist BU leaders to implement the necessary controls.
- Manages staff (e.g. Assistant Compliance Officers) if applicable.
- Grade 12
- Minimum qualifications and experience as specified by regulation.
- C Prac (CISA) (Advantageous)
- Minimum 5 years relevant experience in the Financial Services industry.
- Working knowledge and understanding of FAIS, FICA, Long Term Insurance Act, Pension Funds Act, Income Tax Act, CISCA is a compulsory
- LISP experience (Advantageous)
- Employee Benefits experience (Advantageous)
- Collective Investments experience (Advantageous)
- Minimum 2+ years experience as a Compliance Officer
- Advantageous to have recognized legal, financial or audit qualifications and/or a professional designation, for example in the compliance field.
- Proven experience as a line manager
Education
Closing Date
17 February 2023
Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.
All prospective employees are required to disclose their vaccination status as part of the recruitment process.
Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.
