Sandton: Compliance Guidance Officer Senior Product Compliance posted by The Focus Group

About The CLIENT

The CLIENT is a large JSE listed financial services group with a number of business verticals and product offerings to both consumers and employer groups. The Client has a dynamic and fast paced environment that enables smart, self-driven people to be their best. As global thought leaders, The CLIENT is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Group Compliance and Product Compliance

The core purpose of the Group Compliance department is to ensure that The CLIENT Groups core purpose and reputation is protected. The ambition of the Group Compliance department is to be the most respected and trusted compliance practice in the financial services sector. The department must be visible, trusted and respected. The Product Compliance unit is a Pillar within The CLIENT Group Compliance that, as an independent second line function, provides sound advice regarding legislation, regulation, industry standards, codes, guidelines and best practice to the CLIENT product houses through the application of Compliance Risk Management principles, policies, processes and procedures.

Ideal Candidate

The Product Compliance unit is looking for a dynamic individual to join its Investment Product Compliance sub-team.

A Senior Compliance officer with a least 3 years in compliance within the financial services industry with experience in Product Compliance, with experience in in drafting Compliance Risk Management Plans and conducting Compliance monitoring

A requirement for in-depth understanding of the Collective Investment Schemes Act, the FAIS Act (especially Cat I, II and III) and the Long-Term Insurance Act as it relates to the underwritten investments policies.

Preference will be given to African and Coloured Candidates

Job Purpose

To effectively and proactively assist the CLIENT Investment Products team in managing its responsibility to comply with all the regulatory requirements and minimize the compliance risks identified in business by implementing compliance risk management process that includes the identification, assessment, management, monitoring and reporting of compliance risks that are faced by the relevant stakeholder.

In addition to the above, the role also requires engagement with the regulatory bodies from time to time.

Areas of responsibility

The successful candidate will be required, primarily, but not limited to:

Implementation of the Group Compliance Framework as relevant to the applicable Business Unit and advising on processes and suitable control frameworks to implement strategic regulatory obligations

Provision of strategic guidance and support to the Business Units on the implementation of new and changed regulatory obligations and with the aim of ensuring that business objectives (strategic and operational) are aligned to the regulatory framework and exposure profile of the business

Managing the Regulatory Profile and engaging with the Executive Management team on any incidents and exposures relating to its regulatory obligations

Development and oversight of reports as well as setting of reporting standards to provide accurate pertinent compliance reports

Project management in support of compliance requirements, implementation of systems, procedures, policies and training requirements

Compliance monitoring of the applicable business unit compliance functions and assurance across the business units

Assist management with identification and evaluation of compliance exposures and regulatory breaches

Engagements with Regulators and with other interest groups in the industry.

Education; Knowledge and Experience

Relevant tertiary qualification (preferably in the legal or commerce field).

The person must have a clear and in-depth understanding of the Collective Investment Schemes Act, the FAIS Act (especially Cat I, II and III) and the Long-Term Insurance Act as it relates to the underwritten investments policies.

At least 3 years compliance-related experience.

Experience in drafting Compliance Risk Management Plans and conducting Compliance monitoring

Employment Equity

The Companys approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply. Preference will be given to African and Coloured Candidates