Compliance Officer

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Job Description

Group Risk, Compliance and Actuarial is seeking a dynamic and experienced Compliance Officer to join our Group Compliance team. This exciting opportunity is ideal for a skilled compliance professional who is passionate about providing expert advice and driving best practices across the business. More details about the role are provided below.

This second-line compliance role is individually accountable for establishing and maintaining a fit-for-purpose compliance framework, including the development and execution of a Risk Management and Monitoring Plan. The role focuses on embedding compliance practices across assigned business areas, either directly or through supervised staff over defined periods (typically 3 to 12 months). The incumbent is responsible for identifying compliance gaps, initiating and facilitating corrective actions, and supporting the business in meeting regulatory obligations.

Key Result Areas / Outputs:

- Supports the establishment and rollout of an appropriate compliance control framework for the Centre of Excellence (CoE).

- Provides assurance to applicable segments and business units in line with the approved compliance plan.

- Identifies and reports compliance breaches to line management and the Compliance Manager or Compliance Executive.

- Facilitates resolution of compliance breaches and assists in mitigating compliance risks.

- Provides compliance risk-related insights to the business, including conducting investigations into potential breaches.

- Contributes to the development of the annual CoE or Line of Business (LoB) Compliance Plan, aligned to the Group Compliance Plan, outlining the nature, timing, and scope of assurance activities.

- May manage junior compliance staff (e.g., Assistant Compliance Officers) within less complex business units or functional areas.

- Operates within a defined functional area or less complex business unit, with limited influence beyond assigned scope.

- Reports functionally to the Compliance Manager, or directly to the Compliance Executive where applicable.

- Second-Line Assurance: Provides independent assurance to the business on the effectiveness of first-line controls and compliance with regulatory obligations.

- Incident and Breach Management: Facilitates the investigation and resolution of compliance breaches, ensuring appropriate corrective actions are taken and documented.

- Compliance Risk Assessment: Assists in identifying and assessing compliance risks within assigned areas, contributing to the overall risk profile and mitigation strategies.

- Governance and Reporting: Prepares and contributes to reports for Compliance Managers, Executives, and governance forums, ensuring transparency and accountability.

- Support for Regulatory Engagements: Assists in preparing for regulatory inspections, audits, and engagements, ensuring accurate and timely responses.

- Embedding Compliance Culture: Actively promotes a culture of compliance through training, awareness, and day-to-day interactions with business partners.

Requirements: Skills, Qualifications, Experience required:

- Relevant FAIS recognised qualification for Compliance Officers

- Certificate in Compliance an advantage

- CPrac an added advantage
Experience:

- 5+ years relevant industry (financial services) and Compliance experience

- Good understanding of legislation impacting the insurance industry and specifically FAIS

- Excellent written and verbal skills

- Understanding of audit methodology an advantage
Key behavioural skills and attributes that would make a candidate successful in this role:

- Accountability : Takes ownership of assigned compliance responsibilities and follows through on commitments with integrity.

- Attention to Detail: Maintains a high level of accuracy when reviewing regulatory requirements, monitoring activities, and reporting breaches.

- Critical Thinking: Applies sound judgement and analytical reasoning to assess compliance risks and recommend appropriate actions.

- Proactive Mindset : Anticipates potential compliance issues and takes initiative to address them before they escalate.

- Resilience : Remains composed and effective under pressure, especially when dealing with regulatory deadlines or breach investigations.

- Collaboration : Works well with cross-functional teams, including Risk, Legal, and Business Units, to embed compliance practices and resolve issues.

- Communication : Clearly and professionally communicates compliance requirements, risks, and findings to stakeholders at various levels.

- Discretion and Integrity: Handles sensitive information with confidentiality and demonstrates ethical decision-making in all aspects of the role.

- Continuous Learning : Keeps up to date with regulatory developments and seeks opportunities to enhance compliance knowledge and skills.

- Adaptability: Responds effectively to changing regulatory environments and shifting business priorities.

Skills

Change Management, Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Identifying Customer Needs, Legal Practices, Performance Management Design, Policies & Procedures, Presenting Solutions, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

Action Oriented

Balances Stakeholders

Communicates Effectively

Financial Acumen

Instills Trust

Interpersonal Savvy

Manages Complexity

Optimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

18 November 2026 , 23:59

The 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.

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