Compliance Manager

at Sanlam Group
Location Cape Town, South Africa
Date Posted December 29, 2021
Category Management
Job Type Full-Time

Description

The Compliance Function is mandated to ensure that the compliance risks (i.e. compliance with regulatory, ethical, and internal and external policy obligations imposed on the Group) are appropriately monitored and addressed by management. A risk-based approach is adopted to ensure that material compliance risks are addressed and mitigated by the business.

The compliance function is accountability to the Santam Group Board, through the Santam Group Risk Committee to ensure that compliance risks are appropriately monitored and addressed by management.

This is a Group function which will operate in all jurisdictions where Santam has a footprint in alignment with the necessary mandate. The role of the Manager Compliance will be to assist the Group Compliance Function in the Execution of the Group Compliance mandate as set out by the Board.

In addition, this incumbent will be appointed as the Deputy Information Officer for Santam Ltd in terms of POPIA to perform functions as designated by the Information Officer.

What will make you successful in this role?

 

Compliance Risk Management
Conduct Compliance risk assessments across the businesses and to provide pro-active guidance 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 input into compliance projects where required.
Render appropriate Compliance advice/guidance, training to the businesses as and when required
Handle requests from third parties (internal requests and external requests) relating to POPIA related matters as directed to the Information Privacy Office and as determined by the Information Officer and/or Deputy Information Officer under POPIA and PROATIA.
Coaching and mentoring of less experienced compliance employees.
Qualifications and Experience
NQF Level 8: Degree in Law / LLB preferably a postgraduate degree in Law
Post graduate Diploma/Compliance Certificate
Admitted attorney of the High Court
Continuous adherence to the fit & proper requirements as determined by the Prudential Authority and the Financial Sector Conduct Authority
Extensive knowledge of legislation, regulations and legal principles applicable to the financial services industry, in particular the insurance sector

In-depth technical knowledge of regulations and legal requirements applicable in the insurance financial services industry  and conduct risks
Ability to influence people
Good business acumen
Ability to build a wide network
Excellent communication skills (both written and verbal)
Assertive
Intermediate/Advanced knowledge and use of Microsoft Word, Excel, Powerpoint.
Excellent critical analytical skills
Excellent attention to detail
Ability to work with complex legislation and information
Regulatory framework (SA and other jurisdictions Santam operate in)
Insurance Acts of SA and where applicable in foreign jurisdictions
Long-term Insurance Act and Short-term Insurance Act and subordinate legislation
FAIS Act
COFI Bill
Non-insurance specific legislation affecting the company (Companies Act; Labour legislation, POPIA; PROATIA, FICA etc.)
Industry Governance codes and listing requirements
(King IV, SAIA)
Core Competencies
Being resilient - Contributing through others
Collaborates - Contributing through others
Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others

Interested candidates can send their CVs