Recruitment Room Team
Risk and Compliance Officer (Hermanus)
Job Description
ENVIRONMENT:
An exciting opportunity is available for a Risk and Compliance Officer at a dynamic cross-border financial services provider, specializing in innovative solutions, based in Hermanus. The role involves overseeing, implementing, and maintaining all compliance activities, as well as identifying, assessing, and managing associated risks. A degree in commerce and membership in the Compliance Institute of Southern Africa are recommended. A minimum of 5 years of experience in risk and compliance is required.
DUTIES:
Compliance
- Monitor, guide and provide internal training on compliance matters related to:
- Financial Services Board and related legislation (e.g. FICA, FAIS, etc.),
- Protection of Personal Information (PoPI) Act.
- Any other relevant legislation associated with a compliance environment of a FSP.
- Identify and conduct internal investigations of compliance matters.
- Develop audit schedules, conduct, and report on outcomes of internal audits to ensure adherence to all compliance requirements.
- Develop and/or regularly review policies and procedures to ensure compliance requirements are accurate and up to date.
- Compile and file appropriate compliance reports to the regulatory agencies.
- Plan, schedule and provide compliance training.
- Collaborate with regulatory agencies when compliance reviews are conducted.
- Prepare monthly management reports regarding compliance operations and progress.
- Develop and implement corrective actions where compliance shortcomings were identified.
- Maintain and safe-keep all compliance-related documentation.
- Develop and implement improvements in communication, monitoring, or enforcement of compliance standards.
- Responsible for implementing and enforcing the organisation’s or business units’ compliance programs.
- Prepare compliance reports for the quarterly Audit & Risk Committee of the Board
Risk
- Update and maintain the risk management framework.
- Continuous evaluation of internal and external business environments, identifying trends, statutory changes, opportunities and threats, and anticipate possible implications for the organisation.
- Evaluate, support, and oversee risk management activities.
- Plan and conduct monthly risk audits and report findings.
- Prepare monthly ma
- Monitor, assess and report the impact of any regulatory changes.
- Plan, schedule and provide risk training.
- Monitor the maintenance and update of Risk Registers across the business, conduct quarterly reviews, update as needed, and report outcomes.
- Monitor the development and implementation of necessary controls to mitigate identified risks.
- Review, analyse and monthly report incidents recorded on the Incident Registers.
- Execute daily medium (level 2) and high (level 1&2) risk ratings.
- Prepare risk reports for the quarterly Audit & Risk Committee of the Board.
- Management reports regarding risk operations and progress.
REQUIREMENTS:
Additional Skills and Knowledge
- It is desirable that the candidate has proven expertise in both business and technical facets of the role including:
- A degree in commerce is recommended.
- Membership of the Compliance Institute of Southern Africa is recommended.
- Minimum 5 years of risk and compliance experience is required.
- Ability to influence change and to provide practical guidance on the implementation of new requirements/initiatives.
- Demonstrated ability to deliver well-written, succinct but comprehensive reports within agreed timeframes.
- Demonstrated influencing and negotiation skills with a professional approach, and an ability to overcome resistance.
- Proven ability to implement and manage a customer-focused service delivery and performance management culture.
- Demonstrated skills in stakeholder management and developing trusted relationships.
- Demonstrated ability to distil complex issues into succinct and easily understood language that conveys key messages successfully at all levels of the organisation.
- Demonstrated and applied knowledge of relevant regulatory and compliance frameworks.
ATTRIBUTES:
- Communications skills, both verbal and written (English & Afrikaans) with excellent grammar and spelling.
- High degree of initiative and motivation.
- Proven Organisational skills, including the ability to prioritise work to ensure deadlines are consistently achieved.
- An ability to work under pressure in a rapidly changing environment to deliver organisation targets.
