The Sanlam Retail Affluent (SRA) cluster is responsible for Sanlams retail business in South Africa. SRA provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions. These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services. Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.
As Wealthsmiths we believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.
Build a successful career with us
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.
What will you do?
The Compliance Officer is responsible for assisting the Compliance Manager in ensuring the implementation and maintenance of an effective and well-monitored regulatory compliance framework within Sanlam Retail Affluent, with a specific focus on Glacier.
What will make you successful in this role?
The following outcomes will be expected to be achieved by the Compliance Officer.
- Identification and risk rating of applicable laws and regulations
- Implementation and maintenance of the compliance framework and processes
- Compliance risk assessments, development and implementation of compliance risk management plans
- Developing and maintaining compliance monitoring plans
- Conducting compliance monitoring
- Compilation of internal and external compliance reports
- Implementation of remedial action
- Review regulatory training material to ensure that training requirements are met
- Provide compliance training
- Presenting to and engaging the relevant business areas on compliance feedback and corrective action
- Provide guidance on regulatory developments and group policies
- Assist with the promotion of a culture of compliance and awareness within Glacier by actively participating in compliance projects and training initiatives
- Working knowledge of the legislation
- Analyse and interpret regulation and legislation
- Ability to advise on legislation and understanding the impact that it has on business
- Ability to comment on regulatory developments and advise business on changes
- Ability to interact with industry bodies on legislation
- Timeous involvement in key regulatory projects in order to pro-actively provide compliance guidance to business
- FSCA recognised qualification
- FSCA approved FAIS Category III Compliance Officer
- Applicable regulatory exams
- Minimum of 3 years experience in compliance
- Member of the Compliance Institute of Southern Africa Certified Compliance Practitioner (CPRAC) designation would be advantageous
- Working knowledge of the Generally Accepted Compliance Practice Framework
- A strong working knowledge of the financial services industry and its regulatory environment (e.g. FAIS, FICA, LTIA, PPR, POPIA etc)
- A thorough understanding and knowledge of development and execution of compliance risk management and monitoring plans
- Decision making skills
- Technical professional skills
- Report writing skills
- Presentation skills
- Negotiation/Influencing skills
- Planning and organising skills
- In depth understanding of Category III Financial Services Provider
- Ability to work well under pressure, independently and as part of a team
- Relationship building
- Communication (both written and verbal)
- Thorough and detail minded
- Results oriented
- Analytical thinking and problem solving
- Leadership and self-confidence
- Client service orientation
- Computer literacy
- Attention to detail
Being resilient - Contributing independently
Collaborates - Contributing independently
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - 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.
