Compliance Officer

Liyema Consulting Johannesburg, Gauteng
Description

Job Title : Compliance Officer
Location : Johannesburg, Gauteng
Company : Liyema Consulting
Salary :
Open Date : 2023-06-03
Close Date : 2023-10-03

Qualifications & Competencies

  • LLB/BCOM/BA Degree.
  • Member of CISA.
  • RE1advantageous. RE 5 ideal.
  • 5 years working experience as a FAIS compliance officer (approved by the FSCA).
  • Must meet the Compliance Officer registration requirements as outlined in the FAIS Act.
  • In-depth understanding of Conduct Risk, FAIS, COFI, Conduct standards applicable to a Credit Provider and FSP
  • A general understanding of the motor vehicle finance industry is desirable.
  • Short-term insurance (Personal and Commercial lines) experience.
  • Exposure to a cell captive environment is ideal.
Responsibilities
  • Implementation and compliance of risk management processes and governance framework within the entity as required for an authorised FSP.
  • Management of the current compliance administration, including any fiduciary responsibilities and statutory reporting as required by the FAIS Act.
  • Act with due care, skill, and diligence in the execution of all duties.
  • Act within the standards and rules set by legislation.
  • Fulfil contractual obligations as agreed to.
  • Management and Oversight of statutory obligations of the FSP.
  • Monitoring of compliance to FSCA relevant standards as issued from time to time, including current and future legislative requirements for an FSP.
  • Guidance and support with FAIS /TCF / Market Conduct related customer and regulatory complaints.
  • Stay abreast of, assess, inform, and report on regulatory changes impacting our FSP license.
  • Develop and maintain regulatory relationship with Supervisory bodies, as may be required.
  • Monitor and maintain the CPD competence register hours of Representatives and Key Individuals.
  • Provide guidance and advice to the Organisation, Representatives and Key Individuals regarding any FSP regulatory and conduct topics.
  • Review and resolve Fit and Proper queries.
  • FSCA - administrative and compliance adherence to current and future applicable regulatory requirements which impact the business of BMW Financial Services, including any codes of conduct and future CBR reporting.
  • Conduct Risk Dashboard project:
    • Refine and maintain current conduct risk performance indicators ("CRPI") under Conduct Risk Framework for the Conduct Risk Dashboard (CRD).
    • Research and further refine the current CRPIs as a result of business processes which have an impact on the Conduct Risk statements.
    • Define and develop new CRPIs.
    • Enrich data lake to ensure desire CRPI reporting can be achieved.
    • Develop thresholds through consultation with key stakeholders for all metrics to be incorporated into the CRD.
    • Produce a stakeholder inclusive CRD to provide meaning management information.
    • Review and maintain Conduct Risk Framework and relevant policies.
    • Align to all TCF principles.


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