Risk and Compliance Officer (Hermanus)

Other
Cape Town – Western Cape

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.  

+ 27 (0) 21 741 0400