Risk and Compliance Officer

1. Job Summary:

Assist the GRC Department in the development and maintenance of all Governance , Risk and Compliance Frameworks and Systems for the organisation, this will include forensics, internal audit and health and safety functions within the GRC Department.

2. Key Performance Areas

Compliance: Prevent illegal, unethical, or improper conduct.
Risk Management: Manage and Mitigate Risks in the organisation
Administration, products, policies and procedures
Monitor, report and analyse risk, governance and GRC management processes, exposures, and trends.

3. Key TasksCompliance: Prevent illegal, unethical, or improper conduct

Prepare GRC reports as and when required by regulators
Liaise, communicate and cooperate with regulators such as FSCA.
Ensure pro-active compliance throughout the Company, this include keeping up to date on industry legislation, creating CRMPs, Continuous monitoring assessment and evaluation.
Internal Compliance training and education throughout the company.
Provide guidance and collaborate with complaints department pertaining to ombud cases etc.
Maintain FICA, POPI, TCF and all applicable business rules and legislative changes
Contribute towards the implementation of the Compliance annual plan.

Risk Management: Manage and Mitigate Risks in the organisation

Identify Potential Risks
Assess and analyse risks
Communicate with External GRC Officer, Regulators, Risk and Legal Departments to ensure compliance throughout the Company
Regularly review risks identified in the Companys risk register.
Ensure business embed sound risk management principles, practices in the execution of all their activities
Review risk assessments based on data-driven conclusions that identify strategies for addressing threats or issues that may impact financial costs
Develop, review, and implement risk management strategies, policies and procedures and contribute towards the annual risk management plan.

Administration, products, policies and procedures

Draft/review, edit and submit updated licence applications to the FSCA.
Update the FAIS Rep Register/Competency Register.
Design and update risk mitigating policies.
Prepare and submit reports (Monthly, Quarterly, Annual).
Ensure that products are in line with regulations and that content is grammatically appropriate.
Provide the business with, up-to-date, clearly explanatory Policies and Procedures
Drafting and/or vetting of agreements.
Assist in the designing and implementation of all administrative processes and procedures in adherence to company policy.
Draft and implement a combined assurance plan
Ensure that existing and new insurance products evolve to meet emerging customer needs
Implement and monitor a Policies and Procedures schedule to ensure that Company complies with all applicable legislation and statutory requirements.

Monitor, report and analyse risk, governance and GRC management processes, exposures, and trends

Oversee and monitor adherence and GRC to risk, governance and GRC policies, standards, and procedures within the organisation.
Monitor and analyse risk trends within business environment.
Monitor the resolution status and effectiveness of risk actions.
Independently monitor the management of all risk, governance, and GRC processes.
Develop and maintain a Corporate Governance Framework for the Company
Create and implement, internal audit annual plans as well as prepare and present findings that reflect audit results.
Ensure compliance within the Company through established internal control procedures and processes by examining records, reports, operating practices, procedures and documentation
Establish procedures for planning and conducting audits, including the development of audit programs and policies.

4. Qualifications:

5. Experience

6. Skills and Knowledge

7. Attributes

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