Compliance Officer (Second-Line Assurance)

About the role

Old Mutual's Group Risk, Compliance and Actuarial team is looking for an experienced Compliance Officer to join its Group Compliance team. This is a second-line compliance role focused on embedding compliance practices across assigned business areas, either directly or through supervised staff over defined periods (typically 3 to 12 months). It is individually accountable for establishing and maintaining a fit-for-purpose compliance framework, including a Risk Management and Monitoring Plan.

Key responsibilities

• Support the establishment and rollout of a compliance control framework for the Centre of Excellence (CoE).
• Provide assurance to segments and business units in line with the approved compliance plan, and report compliance breaches to line management and the Compliance Manager or Compliance Executive.
• Facilitate resolution of breaches, assist in mitigating compliance risks, and conduct investigations into potential breaches.
• Contribute to the annual CoE or Line of Business Compliance Plan, aligned to the Group Compliance Plan.
• Manage junior compliance staff such as Assistant Compliance Officers in less complex business units.
• Assist in preparing for regulatory inspections, audits and engagements.
• Promote a culture of compliance through training and awareness.

Required profile

• FAIS-recognised qualification for Compliance Officers.
• Certificate in Compliance and CPrac are advantages.
• 5+ years of relevant financial services and compliance experience.
• NQF Level 7 degree, advanced diploma or postgraduate certificate or equivalent.
• Good understanding of insurance legislation, specifically FAIS.

Required skills

• Excellent written and verbal communication.
• Understanding of audit methodology is an advantage.
• Behavioural attributes: accountability, attention to detail, critical thinking, proactive mindset, resilience, collaboration, discretion and integrity, continuous learning and adaptability.