Compliance Officer at Sanlam

Sanlam is one of the leading financial services providers in the South African entry-level market. We’re in the business of planning for tomorrow. The never-ending pursuit of meticulously crafting our clients’ futures. We do this by truly appreciating the value of money and turning the materials we’re given into something more.  It’s our trade and it is something we are passionate about. It’s what makes us Wealthsmiths™. 

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.

Sanlam Values

The ability to demonstrate, understanding and apply our Sanlam values is embedded in all roles.  Applicants must exhibit their commitment to the values as part of the application process.

• Lead with courage
• Serve with pride
• Care because we respect each other
• Act with integrity & accountability
• Grow value through innovation & superior performance

What will you do?

• Analyse and interpret regulation and legislation, and using a risk-based approach.
• Identification and risk rating of applicable  laws and regulations for responsible business units;
• Development and implementation of compliance/legislative universe for responsible business units
• Development and implementation of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions;
• Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof;
• Compiling monitoring reports on the results of monitoring;
• Incident reporting, to ensure timeous escalation of compliance risks and incidents,
• Interpret regulation and legislation and assist business units with practical implementation thereof
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
• Research and communicate applicable legislative developments to all stakeholders
• Assist with the promotion of a culture of compliance and awareness within Sanlam Sky and actively participating in compliance projects and training initiatives.
• Provide training on regulatory requirements to channels

What will make you successful in this role?

Qualifications:

• A legal or commercial  degree
• Compliance qualification (PG Diploma in Compliance Management) would be advantageous.
• Meeting the competence, qualifications and experience requirements to be registered as a Compliance Officer with the Financial Sector Conduct Authority would be advantageous

Experience & Knowledge:

• 3-6 years’ experience as a Compliance Officer in the Financial Services Industry
• Knowledge of the financial services industry, especially insurance
• A thorough understanding and knowledge of compliance risk management and monitoring programmes

A thorough understanding and knowledge of the regulatory requirements impacting on the various businesses  (e.g. FAIS, FICA, LTIA, PPR, POPIA) will be advantageous

Qualification and Experience

Degree or Diploma with 4 to 6 years related experience.