Sanlam Developing Markets [SDM] (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. The cluster focusses on retail products, as well as group schemes.
What will you do?
Contribute to the efficient and effective functioning of Compliance Function
- Update and maintain the Regulatory Universe and assist with gap analysis on new legislative updates
- Monitoring and Reporting on the Sales Processes
- Travel to Sanlam Retail Mass branches to conduct onsite monitoring where required
- Offsite compliance monitoring
- Update compliance issue log and ensure that remedial actions are tracked and implemented within the Distribution channels
- Assist the compliance manager to ensure that business processes are in compliance with applicable legislation, industry and regulatory body requirements
- Promote prevention of legal and regulatory risk in the company (TCF)
- Maintain efficient and effective operations in Compliance
- Validate that policies and procedures with regards to Compliance Function are being adhered to and that the TCF principles and outcomes and adhered to. (TCF)
- Assist with the debarment processes being adhered in line with the FAIS and FSRA legislation
- Conduct regulatory compliance training
- Provide guidance to junior compliance monitoring officers/specialists.
- Assist with monthly and ad-hoc regulatory compliance reports
- Compliance consulting / advice to distribution / implementation support
- Design and implement policies and procedures / manuals to ensure compliance
- Compliance scheduling.
- Communication on compliance matters (internally).
- Create awareness within Distribution on Compliance Matters
- Inform employees about relevant compliance matters
- Develop, educate and enabling healthy and business orientated compliance culture
- Identify regulatory requirements for operational compliance as a financial institution
- Communicate regulatory compliance requirements (awareness / education / training / etc.) to business units
- Perform compliance audits in relation business unit
Qualification & Experience
- LLB, Bcomm or Audit qualification
- Post-graduate qualification in Compliance (advantage)
- At least three years experience in a compliance role, preferably in the financial services industry.
- RE 1 (Advantage)
- Good inter-personal skills
- Attention to detail
- Analytical thinking
- Integrity
- Results orientated
- Decision making
- Planning and Organizing
- Communication
- Sound reporting
Were all about building strong, lasting relationships with our employees. We know that you have hopes for your future your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office the group provides many opportunities for growth and development.
Core Competencies
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.
Our commitment to transformation
The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.
