Assistant 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

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This role assists the business unit Compliance Officer to establish & embed a culture of compliance across the business unit through the development of compliance risk management & monitoring plans. Ensures that applicable legislation is being complied with by staff across the business unit. Regularly reviews & monitors compliance processes as well as day-to-day compliance to legislation & regulations. Has a direct reporting line to the business unit Compliance Officer.

• Understand and stay abreast of all legislation impacting the business, including assessing the impact of new legislation timeously.
• Interpret that legislation and apply it practically within the business by assisting to implement it within business processes.
• Answering questions from operations and being able to apply the legislation practically and finding solutions for the teams.
• Review, update and implement the compliance risk management plan.
• Compliance monitoring.
• Assist with interactions with Regulators relating to licensing requirements, maintenance, and reporting as well as inspections and reviews.
• Create and maintain a strong relationship with the business which will aid in fostering a positive compliance culture.
• Communicate legislative requirements, assist with the resolution of queries, provide opinions on various scenarios.
• Consolidate and manage all compliance deliverables across servicing areas and other BU reporting requirements
• Reports on compliance breaches to BU/functional areas management and Compliance Officer.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Reports to the Compliance Officer.
• Utilises a wide scope of applicable legislation, including all primary legislation.
• Create a culture of awareness regarding Compliance and Regulatory issues and assists business to implement the necessary controls.
• Undertake compliance monitoring tasks and activities on compliance monitoring systems and applications.
• Drafting of reports
• Following up on remediation in breaches
• Representation at various board meetings
• Management of stakeholders
• Developing and building key relationships
• Gap Analysis on impacts of new regulatory changes
• Pro-active and self-starter
• Knowledge of regulatory landscape in financial services

Role Requirements :

• Grade 12
• Minimum qualifications and experience as specified by regulation.
• Retirement Funds Knowledge is Preferred.
• Compliance Qualifications is advantageous
• Relevant compliance experience in the Financial Services industry.
• Working knowledge and understanding of short and long term insurance, Pensions Fund Act.

Skills

Competencies

Action Oriented

Communicates Effectively

Decision Quality

Ensures Accountability

Instills Trust

Manages Complexity

Optimizes Work Processes

Organizational Savvy

Education

Matriculation Certificate (Matric)

Closing Date

20 January 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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