Compliance Officer

Job Description



Monitor and evaluate compliance within the business as well as develop risk management plans. Identify and report on potential or actual non-compliance, including breaches and risks (including actually or potentially unusual transactions). This position encompasses implementation and development of non-conformity, corrective and preventative actions.



Key Responsibilities

• Monitor and evaluate call monitoring and KYC functions.


• Identify and interpret applicable compliance requirements.


• Identify and provide staff (individuals and/or teams) with relevant training needs on various legislative requirements.


• Identify, investigate and report to management on suspicious or high-risk clients and transactions


• Report and conduct/direct investigation on risk and compliance issues


• Periodically evaluate existing clients according to established policies and procedures


• Remain abreast of industry changes


• Assess the possible impact of regulatory development on operations of the business


• Implement, monitor and ensure compliance with relevant standards, processes and best practices


• Apply knowledge of current legislation in identifying non-conformance and related risk


• Design, recommend and implement improvements in communication, monitoring and enforcement of compliance standards


• Design and compile compliance monitoring plans and compliance risk management plans (CRMP’s) as required by relevant legislation.


• Implement coverage plans which talk to regulatory universe including the scoping and interaction with business, process analysis and report writing


• Communicate effectively and efficiently with relevant internal parties including the coordination across compliance departments ensure effective coverage of compliance risk.


• Provide professional advice and guidance on compliance matters and resolutions of compliance monitoring issues.


• Conduct compliance audits and draft compliance reports for submission to relevant internal committees.


• Review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.


• Regulatory follow up on issues identified and raised in reviews to ensure resolution of corrective actions.


• Identify behavior of sales agents that may place the company at risk


• Complete special projects, and miscellaneous duties as prescribed by Management

Skills, Abilities & Competencies

• Functional knowledge & understanding of appropriate regulations, policies and/or practices


• Able to gather, collate and summarise information from various sources and databases


• Technical competency and expertise in compliance


• Analytical skills


• Attention to detail, accuracy and number-orientated


• Able to work under pressure


• Able to lead and work with others


• Strong, assertive and well-organised person


• Strong communication and active listening skills


• Strong work ethic and sense of professionalism


• Proficient in G-Suite

Education & Experience

• Tertiary degree in LLB, BComm Law or similar


• Compliance Officer related experience, preferably in a regulated financial environment


• 2 - 4 years’ working experience


• Experience in call centre environment


• Experience leading a team (advantageous)

If you do not hear from us within 3 weeks, please consider your application unsuccessful



Job Type: Permanent



Salary: R30,000.00 to R35,000.00 /month



Experience:

• call centre: 3 years (Required)


• compliance: 3 years (Required)

Education:

• Bachelors (Required)

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