Regulatory Specialist

Old Mutual

  • Pinelands, Cape Town
  • Permanent
  • Full-time
  • 6 days ago
Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.Job Description naThis role is rooted in regulatory leadership within the business, with legal qualifications and admission giving you an edge enabling flexible deployment to legal/advisory projects when required but not excluding strong, non-lawyer regulatory specialists. If you’re a regulatory compliance professional with legal expertise, you’ll thrive as a business partner in OMIG’s growing legal team.What You’ll Be Trusted With1. Regulatory Advisory & Implementation
  • Monitor South African and international financial regulation (FICA, FAIS, CISCA, POPIA, FATCA, etc.), interpreting impact and translating requirements into clear operational policies.
  • Advise front-office, product, and client teams on regulatory matters, business queries, and the regulatory aspects of client onboarding, new product launches, marketing, and contracts.
  • Lead or support regulatory change projects, gap remediation, and business-readiness exercises.
2. Regulatory Risk Management & Oversight
  • Conduct regulatory risk assessments for new businesses, initiatives, and client mandates.
  • Design and monitor controls to ensure regulatory and business compliance.
  • Flag control weaknesses, incidents, or breaches, perform root cause analysis, and remediate collaboratively.
  • Maintain records of compliance actions, regulatory decisions, and impact reviews.
3. Assurance, QA & Reporting
  • Carry out or coordinate first line QA reviews of key regulatory controls onboarding/KYC, disclosures, marketing, investor protection.
  • Oversee FICA/AML, FATCA/CRS, POPIA, and conduct risk compliance at the business process level.
  • Report on compliance issues, findings, and remediation progress to business and second line compliance.
4. Training, Stakeholder Engagement, and Legal Support
  • Develop regulatory training and provide on-demand guidance to front-office and operations teams.
  • Champion a culture of compliance and regulatory risk ownership across business teams.
  • Liaise with Group compliance, internal/external audit, and regulators as required.
  • Legal Support (as required): If law degree/admitted, provide basic legal drafting, contract review, or support legal escalation especially where regulatory and legal advice intersect.
5. Continuous Improvement
  • Stay abreast of regulatory developments and enforcement trends.
  • Suggest/process improvements for regulatory compliance frameworks and tools.
  • Participate in digitization or innovation of compliance operations.
Who You AreEducation:
  • Bachelor’s degree in law (LLB, B.Proc), finance, commerce, risk management, or related field (law highly advantageous).
Admission (Advantageous):
  • Admitted Attorney or Advocate (added plus for legal work, please highlight in application).
Professional Certifications (Advantageous):
  • Compliance Institute of SA (CPrac, CProf),
  • ICA/ACAMS/other regulatory or AML/compliance certifications,
Experience:
  • Minimum 4–6 years’ experience in regulatory compliance, risk management, or financial services law (asset management preferred but not essential).
  • Proven experience translating regulation into business action, policy drafting, control implementation, and risk review.
  • Experience working with front office, compliance, and legal teams in a matrix environment.
Technical Knowledge:
  • Deep understanding of South African (and international) regulatory environment for asset/wealth management.
  • Familiarity with FICA, CISCA, POPIA, FAIS, and related business processes.
  • Knowledge of regulatory risk assessment, control design, monitoring, and QA.
The Strengths You’ll Bring
  • Regulatory and/or legal research, analytical, and interpretation skills.
  • An effective communicator able to make regulation practical for business users.
  • Strong stakeholder management and collaboration capabilities.
  • Attention to detail, commercial pragmatism, and digital fluency in compliance.
Let’s Succeed TogetherAt OMIG, how you work matters just as much as what you do. Our culture celebrates openness, accountability, and innovation – because that’s how we shape a bold future and wow our clients.If you're ready to grow, lead, and make a meaningful impact, we look forward to meeting you.SkillsAction Planning, Analytical Thinking, Computer Literacy, Data Compilation, Developing Creative Solutions, Evaluating Information, Executing Plans, Legal Practices, Oral Communications, Policies & Procedures, Presenting Solutions, Professional Presentation, Second Language, Solution Analysis, WritingCompetenciesCommunicates EffectivelyCourageDecision QualityEnsures AccountabilityInstills TrustManages ComplexityOptimizes Work ProcessesPersuadesEducationNQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalentClosing Date11 September 2025 , 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.The Old Mutual Story!

Old Mutual