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 three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The SLS Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defence functions in SLS, to enable us to meet our business objectives.
Responsibilities
The SLS Finance Services function is responsible for delivering the following services to SLS, as well as other Clusters within Sanlam that make use of SAP S/4 Hana and related finance systems
- The execution of shared financial transactions through the Finance Shared Services Centre.
- Drive operational excellence and efficiency through finance process and technology optimisation.
- Delivering an efficient financial control and compliance environment for SAP S/4 Hana and related finance systems.
- Delivering on the consolidated financial reporting requirements for SLS
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 SAP Governance, Risk and Controls role will be responsible for managing and delivering an efficient financial control and compliance environment for SAP S/4 HANA and related finance systems, with a focus on centralisation, standardisation, automation, and optimisation of financial control compliance processes. This role holds accountability for the development of the GRC strategy relating to financial controls for relevant systems and will be responsible to drive initiatives that are relevant to the achievement of this strategy in the function.
The role acts as a second line of defence in support of Business Units own financial control and compliance environments. The incumbent will partner with Business Unit Heads to promote adherence to agree upon financial control compliance processes. This role will furthermore be responsible for the identification and reporting of non-compliance and recommendations on how this can be addressed.
What will make you successful in this role?
The key performance areas of this role include the following:
GRC Strategy Development
- Lead in the development of the GRC strategy for in scope businesses to ensure greater compliance to required standards.
- Drive various strategic initiatives ensuring greater compliance and awareness in support of realising the GRC strategy.
- Act as second line of defence in the design, implementation and management of control processes and documentation by:
- Supporting management in the identification, design and implementation of financial risk and controls through normal business as usual (BAU) operations and transformation initiatives (change in people/process/technology).
- Documenting identified financial risks and controls in a risk and control matrix.
- Defining and maintaining standards used to document financial risks and controls.
- Maintaining the SAP Access Control ruleset to reflect the key access controls identified by business.
- Continue to identify, design and implement optimisation opportunities in the financial control and compliance environment through innovation and automation.
- Own and manage the key SAP GRC Processes for SAP Access Control and Process control through:
- The access provisioning process
- The security maintenance process
- The regular review of access, remediation and mitigation process
- The emergency access process
- The control documentation and update process
- The manual control execution process
- The automated configurable control monitoring process
- Reporting to management on the operation of these processes
- Providing training to users on the GRC processes
- Management and delivery of controls through SAP Access Control and Process Control:
- Ownership of technology roadmap to drive efficiencies in management and monitoring of controls
- Maintenance of the SAP GRC master data
- Liaise with the IT function for the maintenance and support of the SAP GRC solution
- Operate as liaison between Business Unit management (first line of defence) and key stakeholders that include Internal Audit (3rd line of defence) and External Audit (4th line of defence).
- Oversee a team responsible for administration and maintenance of the GRC tool
- Guide and coach team members on GRC strategy requirements and related initiatives
- Review output and correct team performance where necessary.
- Bachelors degree in risk and compliance management, finance, audit or relevant field from a recognised institution
- Professionally accredited from a recognised industry body as a Certified Information Systems Auditor (CISA) or a Certified Internal Auditor (CIA) or Chartered Accountant (CA) is preferred.
- SAP certification is an added advantage.
- 8 years of functional experience in Finance or Risk Management, 4 of which in management or similar experience in a comparable position
- 3 years comprehensive knowledge and experience of internal audit, risk assessments, related methodology and terminology
- 3 years in-depth knowledge of Risk and Control processes and controls
- 2 years basic understanding of Access Management for Non-SAP systems, SAP Access Control and Process Control
- Functional knowledge and understanding of S/4HANA Security is an added advantage
System Audits
Analysis and reporting on results
System development audits
Recommendations to various stakeholders
Leading of employees
Behavioural Competencies
Must be customer focused
Should have the drive to cultivate innovation
Must have the ability to drive results
Must lead the team to collaborate
Should demonstrate resilience
Must be tech savvy
Must have the ability to communicate effectively
Should ensure accountability from all teams and stakeholders
Core Competencies
Being resilient - Contributing strategically
Collaborates - Contributing strategically
Cultivates innovation - Contributing strategically
Customer focus - Contributing strategically
Drives results - Contributing strategically
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.
