Assistant Compliance Officer

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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

An exciting opportunity exists in Group Compliance for a compliance professional to join our dynamic team. The role requires the incumbent to support and coordinate compliance activities for the Compliance Market Conduct and Product Team within the Group Compliance Department.

This role ensures that a culture of compliance is embedded across the Business Units and Segments within Old Mutual Life Assurance Company SA and that employees comply with the applicable legislation.

A key requirement is attention to detail and strong legal interpretation, analytical and communication skills.

Key Result Areas / Outputs

The successful incumbent will be responsible for:

• Providing general support to the Group Compliance Team in overseeing the day-to-day 2nd line compliance activities for the Product area
• Providing general support to the Group Compliance Team through monitoring and reporting activities as outlined in the Annual Group Compliance Monitoring Plan
• Identifying compliance focus areas and assisting the business in building effective CRMPs and the documenting thereof in the risk management system (CURA)
• Engaging with operational management to discuss the non-compliance and review actions implemented to ensure compliance
• Co-ordinating and / or supporting areas of responsibility with regulatory change items
• Providing monthly and quarterly compliance feedback to the heads of the Group Functions and Quarterly 2nd line Compliance Reporting; and
• Providing 2nd line compliance sign-off on business documents and initiatives in line with regulatory requirements

Qualifications, Skills and Experience:

Specific Qualifications Required:

• Matric
• Legal Qualification (LLB / BCom Law / BA Law)

Specific Skills Required:

• IT Skills: Ability to utilise software like MS Office: Word, Excel & PowerPoint
• Report Writing: Ability to write reports to operational management
• Presentation skills: Ability to present to operational management
• Analytical: Ability to analyse complex, interrelated data and information
• Planning and Organising: Proficient planning and organising ability

Specific Experience Required:

• 5 years relevant work experience is preferred
• Has a detailed knowledge of the financial services industry

Key behavioural skills and attributes that would make a candidate successful in this role:

• Ability to handle a constantly changing legislative environment
• Excellent inter-personal skills, including influencing skills
• Ability to collaborate effectively with others to achieve personal and team results
• Good business acumen and insight
• A self-starter, with the ability to show initiative and work with minimal guidance
• Capacity to work under pressure and meet deadlines
• Solution-driven, passionate, and energetic
• Possesses a strong sense of ownership and initiative as well as a proactive mind-set

Skills

Education

Bachelors Degree (B): Law (Required)

Closing Date

11 September 2024

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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutuals Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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