Role Objectives
This role is responsible for delivering 1st line risk and compliance support to Hollard Insure. The individual will be responsible for contributing to the effective management of risks by implementing and executing risk management activities aligned with Group Frameworks, and assisting Hollard Insure to manage its responsibility to comply with applicable regulatory requirements, standards and codes of conduct through the provision of advice and guidance.
Key Responsibilities
- Operationalise Hollards risk and compliance frameworks within all areas of Hollard Insure
- Develop, implement and manage comprehensive risk and compliance self-assessments within every business area through advising on:
- compliance requirements per business area
- identifying and rating the applicable compliance risks
- developing a compliance risk management plan
- the design of appropriate procedures and processes to manage identified risks
- implementing continuous compliance risk monitoring processes
- Perform effective monitoring and reporting of business risks by conducting monitoring reviews of high-risk regulatory items in terms of the assurance coverage plan.
- Identify, evaluate and advise on current or future compliance risks, given changes in the regulatory and compliance landscape;
- Unpack new legislative requirements and effectively and practically translate the requirements impacting on business operations, processes and practices to the management of those business areas.
- Draft policies and procedures, implement and maintain
- Maintain an accurate regulatory universe.
- Manage Insures FAIS representative register.
- Identifies issues of non-compliance, and follows the 2nd line reporting process to investigate and finalise the RNC reports efficiently and effectively;
- Proactively consult with business areas to align risk and compliance requirements to current and future business activities.
- Facilitate risk management workshops within teams to identify relevant regulatory risks.
- Review operational transactions, procedures and processes to assess whether they achieve compliance with relevant regulatory requirements.
- Coordinate and manage Group Compliance activities within business.
- Identify and communicate compliance risk issues and assess the adequacy and effectiveness of management's proposed mitigation and prevention plans.
- Identify, assess and report on regulatory non-compliance matters.
- Team management
- Represent the risk and compliance function on various forums and in inter-disciplinary projects/ initiatives where required.
