Compliance Manager: Job Grade 13: SLS: Finance: Compliance: Bellville

Sanlam LTD•Bellville, TX

83d

About The Position

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives. The SLS Compliance function provides compliance assurance services to the businesses within the cluster. This is a management role that is responsible for managing and overseeing the Sanlam Corporate compliance team. The successful incumbent must provide a trusted view on compliance matters to the management of the business entities, including guidance on regulatory developments and compliance reporting.

Requirements

FSCA recognised compliance qualification and FSCA approved FAIS Compliance Officer is a minimum requirement.
Minimum of 5-8 years' experience in compliance in financial services is required, with at least one year of experience in a management or leadership role.
Knowledge of the financial services industry, especially relating to institutional clients; this includes employee benefits such as group insurance, retirement funds and retirement fund administration, medical scheme administration and advisory services. Experience in the legislation applicable to these products would be advantageous.
A thorough understanding and knowledge of compliance risk management and monitoring programmes.
Compliance and legal projects management
Compliance advice, training, and documentation reviews
Regulatory compliance monitoring and reporting
Coaching and mentoring
Regulatory risk management
Business insight - Contributing through others
Builds networks - Contributing through others
Manages complexity - Contributing through others
Persuades - Contributing through others
Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Collaborates - Contributing through others
Being resilient - Contributing through others

Nice To Haves

Approval for FAIS Category I would be advantageous.
Member of the Compliance Institute of Southern Africa and a Certified Compliance Practitioner designation.

Responsibilities

Effectively oversee, manage, and provide guidance to the compliance team on compliance p rocesses and activities across the Sanlam Corporate businesses.
Function as supervisor to compliance officers under supervision, when needed.
Analyse and interpret applicable laws and regulations and use a risk-based approach in developing a regulatory risk profile and the relevant compliance risk management and monitoring plans for specific legislation.
Determining the quantity, frequency and type of monitoring and planning and coordinating the teams' monitoring duties.
Compilation and submission of internal and external compliance reports and regulatory submissions.
Presenting to and engaging the relevant business areas on compliance feedback and corrective action.
Interpret legislation and assist management with practical implementation thereof as required.
Advise and provide guidance to management on systems, policies, processes, and controls implemented to enable regulatory compliance.
Assist in the development of training programmes and the delivery of training as relates to core legislative and regulatory requirements.
Provide inputs to external industry bodies relative to specific regulatory topics (e.g. ASISA working groups).
Escalate any matters that may require the attention of or a decision by the Head of Compliance and/or relevant Exco and/or other relevant governing boards.
Maintain good relationships and interaction with the various regulators and assist with the compilation of responses pertaining to queries received from the various regulators.
Assist with the review and reporting of suspicious or unusual transactions as defined and required by the applicable AML/CTF legislation.