MFC Compliance Officer

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

You will be individually accountable for establishing and embedding a compliance framework; including compliance risk management and monitoring plans over periods of 3 months to a year. Initiates and facilitates corrective action where required.

• Establishes and embeds compliance within the MFC Distribution Channels and Enabling Functions.
• Ensures compliance within the area by implementing compliance risk management and monitoring plan framework.
• Performs compliance reviews, and consultation activities and acts as Line 1 signatory to business artifacts (e.g. application form changes, etc.).
• Assists in the mitigation of compliance risk.
• Acts as MFC Privacy champion and executes Privacy activities/requirements to ensure compliance.
• Manages compliance queries from Distribution Channels and Enabling functions.
• Collaborates effectively with MFC Legal and Group Compliance teams.

Requirements:

• Registered Compliance Officer with FSCA (Advantageous).
• Competent in FAIS legislation.
• Law and or relevant tertiary qualification.
• Minimum 5 years of Law/Compliance experience.
• Financial Services Industry experience is essential.
• Professional designation (e.g. C.Prac or C.Prof) would be an advantage.

The above summary is in line with MFC Segment expectations. More detail is provided below:

Individually accountable for establishing a compliance framework; including Risk Management and Monitoring plan. Embeds compliance, directly and/or through staff supervised over periods of 3 months to a year. Initiates and facilitates corrective action where required

Responsibilities

Regulatory and Compliance Management

Investigate all kinds of incidents and reports and provide expert advice to more senior colleagues. Minimize risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented.

Regulatory Affairs

Take responsibility for managing and delivering a designated work program.

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 (QMS); contribute to the design of the QMS; provide specialist quality management input to the drafting of new policies and procedures and the design of business processes; contribute to the quantification of the costs and business benefits of change.

Audit Compliance

Manage a portfolio of audit assignments. Ensure 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.

Quality Assurance Testing Design

Validate new or existing complex test methods and procedures; identify issues and recommend improvements to contribute to further development.

Stakeholder Engagement

Contribute to stakeholder engagement by identifying stakeholders; by finding out their needs, issues, and concerns; and by reacting to these needs, issues, and concerns, arranging meetings and events and drafting supporting materials to promote understanding and commitment.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals.

Performance Management

Respond to personal objectives and use performance management systems to improve personal performance; or monitor the performance of the team, allocate work and review completion, take appropriate corrective action to ensure timeliness and quality, and contribute to formal individual performance management and appraisal.

Organizational Capability Building

Provide coaching to team members to develop their skills.

Budgeting

Track budgets and report variances to more senior colleagues.

Skills

Compliance Reviews, Compliance Risk Management, FAIS, Monitoring Plans, Risk Compliance, Risk Management

Competencies

Action Oriented

Balances Stakeholders

Communicates Effectively

Financial Acumen

Instills Trust

Interpersonal Savvy

Manages Complexity

Optimizes Work Processes

Education

Bachelors Degree (B) (Required)

Closing Date

07 March 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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.

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