Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the Financial Sector Conduct Authority (FSCA)
Admitted Attorney, Chartered Accountant, Post graduate qualification in Compliance Management will be added advantage.
Degree in Commercial, Legal, Risk Management, Audit, Finance, related field.
7 - 8+ year of experience
Duties & Responsibilities
Prepare and submit Quarterly Group Compliance Report for relevant governance committees
Liaise with the Prudential Authority and Financial Sector Conduct Authority in respect of all Market Conduct-related topics
Managing & attending regulatory on-sites and inspections
Attending to and submitting regulatory returns and analytics
Conduct research to identify and monitor regulatory and market trends
Identify and prioritise relevant legislation and perform impact analyses
Identify controls needed to manage compliance with legislation
Identify gaps and agree on corrective action and remediation timelines
Assess controls and determine frequency of monitoring
Oversee the implementation of the coverage plan and quarterly reporting thereon
Work with other assurance providers to provide combined assurance where relevant
Oversee completed audits and ensure follow-up on outstanding findings and required areas of improvement
Serve as Money Laundering Compliance Officer
Maintain regulatory universe and regulatory body list following updates to relevant regulations and co-ordinate input from business
Review processes and tools in the light of changing requirements and monitor the broader implementation thereof
Provide professional advice, guidance and training to group on compliance matters
Collaborate, build and enhance relationships with internal and external stakeholders
Build and maintain relationships with clients and internal and external stakeholders
Deliver on service level agreements applicable to clients and internal and external stakeholders in order to ensure that client expectations are managed
Make recommendations to improve client service and fair treatment of clients within area of responsibility
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery
Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after-sales service
Manage client query processes and ensure that queries are tracked, accurately resolved and used as a mechanism to improve client service and business processes
Contribute to creating a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
Contribute to and drive a culture that guides and directs best practice, fostering an environment of continuous learning, people growth and improvement and cohesiveness
Effectively manage your performance within the team in order to ensure business objectives are achieved
Be a role model for innovation, change agility and collaboration behaviours within the team
Identify solutions to enhance cost effectiveness and increase operational efficiency
Manage financial and other company resources under your control with due respect
Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy
Drafting compliance reports for Group's governance forums
Liaison with the Prudential Authority, Financial Sector Conduct Authority and other regulatory bodies
Industry best practice in all areas relevant to the role
Evolving technology and digital adoption
Data analysis and data-driven decision-making
Specialist leader of compliance / regulatory team
Compliance Requirements
Regulatory requirements and changes thereto (local and cross border) LTIA, STIA (including the PPR's), Insurance Act & the Prudential Standards (GOI's, GOG's, FSI's, FSG's), FSRA, Pension Funds Act, Companies Act, FAIS, FICA, CISCA, POPIA, CoFI, etc
Draft and refresh compliance policies, frameworks, methodologies and practices
Display a sound understanding of the regulatory universe and how it applies to different businesses
Design Risk-based compliance coverage plans, coordinate Business Unit monitoring and combined assurance with Risk and Internal Audit; ensure qualitative CAF/ORSA and Board reporting with insights and dashboards
Conducting gap analyses, providing compliance assurance and monitoring
Ability to draft succinct compliance reports at Board level
Draft succinct compliance assurance opinions
Create dashboard reporting
Provide compliance-related training and review of training material
Champion a one compliance culture with visible influence, constructive challenge, and pragmatic advice to business; participate in industry forums.