Advisory Compliance Officer VP

This role is responsible for providing compliance advisory and support to the life insurance businesses within AFS as well as the oversight of distribution channels which provide financial services in relation to life insurance.

The role is further responsible for oversight of regulatory and compliance developments and relations for the AFS Insurance Group and to support the Group’s understanding and adherence to relevant financial sector regulations, laws, and industry guidelines.

• Close interaction with senior managers within Absa Life and associated AFS businesses, AFS Group Compliance, AFS Regulatory Relations, and Group Secretariat.
• Engagement and preparation of regulatory communications, notifications and applications to the various regulators.
• Provision of proactive, real-time guidance and advice on aspects of compliance and conduct risk, business transactions, and other organisational decisions.
• Assisting the insurance cluster to formulate, update, and implement control procedures and policies.
• Enabling business to monitor instances of non-compliance with the company’s policies and procedures.
• Establishing a compliance culture and creating an awareness of compliance and conduct risk.
• Horizon scanning to identify and interpret emerging regulatory requirements for business.
• Evaluation of the impact of regulatory changes and support implementation of necessary updates.
• Managing and maintaining the AFS regulatory universe.
• Identification, monitoring, and escalation of potential material risk to business with a regulatory impact.
• Active engagement in internal compliance forums and committees.
• Provision of relevant and accurate information for various stakeholder reports.
• Development of Board compliance training programmes.

• BCom (or similar)/LLB (or similar) or relevant insurance-related qualifications.
• Certificate or Diploma in Compliance Management (advantageous).
• Minimum of 5 years proven experience within the financial services industry.