Compliance Specialist (CPT)

The role

A position as Compliance Specialist exists in the Group Compliance department, based at our Head Office in Cape Town.

What will you do?

Support the Santam Head of the Group Compliance Control Function to optimise and oversee regulatory compliance practices across Santam businesses. The role includes the identification of significant compliance risks, and monitoring and coordinating with relevant businesses to ensure that these risks are appropriately addressed. This role will report to the Head of the Group Compliance Control Function.

The Group Compliance department oversees the Santam Group Compliance Program, functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the organisation and across the Group. The Group Compliance department ensures that compliance issues/concerns within the organisation and the Group are being appropriately managed, evaluated, investigated and resolved.

What will make you successful in this role?

• Compliance Risk Management:
• Develop Regulatory Risk Universes, Compliance Risk Management Plans and Compliance Monitoring Plans for applicable to business units.
• Conduct Compliance risk assessments across the businesses and to provide pro-active support to the businesses in addressing compliance risks (which includes compliance with legal, regulatory, and ethical obligations and standards applicable to the businesses). 
• Monitoring Compliance and Reporting
• Conducting Compliance Audits/Reviews to monitor adherence to compliance obligations and preparing the relevant compliance reports to the various levels of management in the businesses.
• Provide appropriate compliance support and input into compliance projects where required. 
• Render appropriate Compliance advice/guidance, training to the businesses as required.
• Handle requests from third parties (internal requests and external requests) 
• Supporting in maintaining a good working relationship with the stakeholders where required.

Qualification and experience

• Degree in Law / LLB 
• Post graduate Diploma/Compliance Certificate  
• Registered as a Compliance Officer under the FAIS Act for Category I FSPs with the FSCA.
• Continuous adherence to the fit & proper requirements as determined by the Prudential Authority and the Financial Sector Conduct Authority
• Good knowledge of legislation, regulations and legal principles applicable to the financial services industry, in particular the insurance sector 
• At least 5 years of experience in financial services industry, in particular the insurance sector and compliance

Skills

• Relevant Technical knowledge of regulations and legal requirements applicable in the insurance financial services industry 
• Influencing skills
• Good business acumen 
• Ability to build and maintain internal and external relationships 
• Excellent communication skills (both written and verbal) 
• Assertive 
• Intermediate knowledge and use of Microsoft Word, Excel, PowerPoint.
• Excellent l analytical skills
• Excellent attention to detail
• Ability to work with complex legislation and information
• Planning and organising skills
• Ability to multi-task
• Time management

Competencies

• Collaborates
• Client focus 
• Drives results 
• Resilience
• Cultivates Innovation 
• Flexible and adaptable
• Business Insight
• Build Networks
• Manages Complexity
• Persuasiveness