| JOB NAME |
Compliance Officer [Centurion]
POSTED BY: Land & Agricultural Development Bank
REF:LBAF 75
Date Published:Wednesday, June 29, 2022
Date of Expiration:Monday, December 26, 2022 EXPIRED
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| LOCATION OF THIS JOB |
 South Africa | CENTURION in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing Date 2022/07/01
Reference Number LAN220511-1
Job Title Compliance Officer [Centurion]
Division Land Bank Insurance Company
Unit LBIC
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
MAIN PURPOSE OF THE JOB
To ensure that LBIC and LBLIC complies with all relevant statutory, regulatory and supervisory requirements which relate to the Insurance, Financial services Industry as well as Professional standards, Accepted business practices and Internal standards, as well as providing the companies with legal advisory services and training on current and upcoming legislation
KEY PERFORMANCE AREAS
Compliance Management
1. Design, develop and implement compliance frameworks
2. Develop a comprehensive compliance programme that is integrated with LBIC and LBLIC’s strategic planning process
3. Develop or review compliance framework
4. Advise management on implementing and maintaining an appropriate compliance framework which meets the compliance-related objectives of the organisation
5. Implement or review compliance structures so as to encourage encourage a compliance culture
6. Design and develop or review and revise compliance policies or charters and manuals
Ensure compliance through best fit compliance practice aligned to regulatory requirements and create awareness with stakeholders to embed a compliance culture
1. Identify, assess and prioritise all the applicable regulatory requirements that LBIC and LBLIC are required to comply with
2. Identify and analyse LBIC and LBLIC’s regulatory risk universe
3. Facilitate workshops with relevant business owners to categorise and assess the applicable regulatory requirements in order to prioritise and categorize risks
4. Apply Generally Accepted Compliance Practice when monitoring and advising on the regulatory universe
5. Provide compliance advice, services and reporting to compliance stakeholders
6. Evaluate current compliance practices and identify areas of concern
7. Participate in the decision making processes or, e.g. in respect of new product or new business committees
Assurance and Monitoring
1. Develop the compliance risk identification matrix of LBIC & LBLIC to understand the business and all applicable legislation (compliance process phase1).
2. Develop the compliance risk priorization index to categorise and prioritize and classify the applicable legislation to LBIC & LBLIC (compliance process phase 2).
3. Develop control optimization and risk management plans for applicable legislation (compliance process phase 3).
4. Develop compliance risk monitoring plans and reporting tools for all applicable legislation and reporting (compliance process phase 4).
5. Develop a compliance monitoring plan and compliance programme to ensure monitoring of the LBIC and LBLIC compliance risk as well as compliance to laws, regulations and supervisory requirements.
Build and Maintain stakeholder relationships
1. Build and maintain effective regulator and stakeholder relationships.
2. Develop and maintain professional working relationships with regulators and other stakeholders through formal and informal interactions.
3. Develop a plan to manage an organisation’s relationship with all regulators / supervisors that have jurisdiction.
4. Coordinate communication channels and liaison with regulators and supervisors.
5. Participate and oversee where necessary in regulatory inspections.
6. Represent the the organization on governance compliance related matters and various forums.
7. Participate in industry body to ensure alignment of compliance methodology and influence national trends in compliance risk management.
8. Present and maintains oversight of all statutory reports that are sent to regulators and external stakeholders.
9. Manage and ensure all internal and external regulatory reporting requirements are adhered to.
Compile Compliance Reports
Determine the governance requirements relating to compliance reporting
1. Determine reporting stakeholders (to the executive committee, audit & risk committee and the board)
2. Determine governance requirements relating to compliance reporting
Determine the compliance reporting requirements to stakeholders and regulators / supervisors in terms of regulatory and/or organisation requirements
1. Analyse regulatory requirements relating to reporting to regulators / supervisors
2. Determine regulatory reporting requirements relevant to the organization
3. Coordinate communication channels and liaison with regulators and supervisors.
4. Participate and oversee where necessary in regulatory inspections.
Determine, Manage and Maintain a compliance reportingprocesses
1. Advice and allocate responsibility for the submission of reports to designated persons
2. Collect, collate and analyse input from management and stakeholders within submission deadlines
Provide Legal Advise
1. Providing management with legal opinions on various legal matters affecting the companies
2. Drafting and vetting of agreements
3. Contract Management
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| REQUIREMENTS FOR THIS JOB |
PREFERRED MINIMUM EDUCATION AND EXPERIENCE
1. Degree in Finance or Law
2. 5 years Financial Services Industry
3. 5 years Compliance Management experience within financial services
CRITICAL COMPETENCIES
1. Knowledge of financial services industry
2. Knowledge of long and short-term insurance legislative framework
3. Compliance Management Principles and Processes
4. Management of the Compliance Risk Management Plans
5. Knowledge of Risk Management Principles
6. Knowledge of Business and Legal Principles and Interpretation
7. Knowledge and interpretation skills of all applicable legislation to the Insurance business and ability to communicate these at all levels.
ADDITIONAL REQUIREMENTS
1. Travel as and when required
2. Extended hours as and when required.
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English 
FRENCH
