Compliance Assistant

Compliance Assistant

Job Title: Compliance Assistant
Contract Type: Permanent
Location: Kwa-Zulu Natal
Reference: JN -092019-18019
Contact Name: Nicole Vine
Contact Email:
Job Published: March 10, 2020 14:09

Job Description

Regulatory Risk
• Assists in ensuring Compliance with current laws, regulations, guidance notes and supervisory requirements or provisions
• Assists in ensuring that the business is not subjected to prosecution, levied with fines or its license affected in anyway
• Assists in analysing legislation pertaining to the industry by preparing Risk Management plans and Action plans for each identified legislation
• Assists in preparation of presentations for staff and regulators
• Assists in monitoring legislative updates
• Monitors for non-compliance and maintains records of monitoring for Audit purposes
• Assists in advising management and Board of non-compliance with legislation
• Queries non-compliance with staff and management and assists in suggesting corrective measures including disciplinary action where necessary
Reputational Risk
• Assists in managing any negative publicity that could have adverse consequences for the business
• Monitors customer complaints and any threatened or actual events that could result in a reputational risk
• Assists in informing management and directors of such events
• Trains staff on legislation
• Researching and investigating any general/specific area of law, for purposes of furnishing a legal opinion, determining applicability, general enquiry or interest
• Preparing summaries and reports of new legislation, regulations, supervisory codes or codes of good practice, when required
• Assists in the preparation of EXCO reports and reports to the Board and Board sub-committees
• Plays a role in any projects/committees that the Compliance department needs to provide input in
• LLB or Similar relevant degree will be required in order to meet the requirements of the role at the highest level of competence
• A Certificate in Compliance Management from a tertiary institution will be an added advantage
• A minimum of 4-5 years Legal or Commercial and/or Accounting experience
• 3 years Banking experience within a Compliance department would be an advantage
• Deadline Driven
• Prioritization
• Efficiency and Time Management
• Excellent Communication Skills (Written and Verbal)
• Ability to work under pressure
• Organization Ability
• Attention to detail is essential
• Microsoft Office
• Knowledge of Legal Compliance and the Risks inherent in non-compliance
• Legislation affecting the business
• Compliance processes and procedures

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