Compliance Officer

Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionGroup Risk, Compliance and Actuarial is seeking a dynamic and experienced Compliance Officer to join our Group Compliance team. This exciting opportunity is ideal for a skilled compliance professional who is passionate about providing expert advice and driving best practices across the business. More details about the role are provided below.This second-line compliance role is individually accountable for establishing and maintaining a fit-for-purpose compliance framework, including the development and execution of a Risk Management and Monitoring Plan. The role focuses on embedding compliance practices across assigned business areas, either directly or through supervised staff over defined periods (typically 3 to 12 months). The incumbent is responsible for identifying compliance gaps, initiating and facilitating corrective actions, and supporting the business in meeting regulatory obligations.Key Result Areas / Outputs:Supports the establishment and rollout of an appropriate compliance control framework for the Centre of Excellence (CoE).Provides assurance to applicable segments and business units in line with the approved compliance plan.Identifies and reports compliance breaches to line management and the Compliance Manager or Compliance Executive.Facilitates resolution of compliance breaches and assists in mitigating compliance risks.Provides compliance risk-related insights to the business, including conducting investigations into potential breaches.Contributes to the development of the annual CoE or Line of Business (LoB) Compliance Plan, aligned to the Group Compliance Plan, outlining the nature, timing, and scope of assurance activities.May manage junior compliance staff (e.g., Assistant Compliance Officers) within less complex business units or functional areas.Operates within a defined functional area or less complex business unit, with limited influence beyond assigned scope.Reports functionally to the Compliance Manager, or directly to the Compliance Executive where applicable.Second-Line Assurance: Provides independent assurance to the business on the effectiveness of first-line controls and compliance with regulatory obligations.Incident and Breach Management: Facilitates the investigation and resolution of compliance breaches, ensuring appropriate corrective actions are taken and documented.Compliance Risk Assessment: Assists in identifying and assessing compliance risks within assigned areas, contributing to the overall risk profile and mitigation strategies.Governance and Reporting: Prepares and contributes to reports for Compliance Managers, Executives, and governance forums, ensuring transparency and accountability.Support for Regulatory Engagements: Assists in preparing for regulatory inspections, audits, and engagements, ensuring accurate and timely responses.Embedding Compliance Culture: Actively promotes a culture of compliance through training, awareness, and day-to-day interactions with business partners. Requirements: Skills, Qualifications, Experience required:Relevant FAIS recognised qualification for Compliance OfficersCertificate in Compliance an advantageCPrac an added advantageExperience:5+ years relevant industry (financial services) and Compliance experienceGood understanding of legislation impacting the insurance industry and specifically FAISExcellent written and verbal skillsUnderstanding of audit methodology an advantageKey behavioural skills and attributes that would make a candidate successful in this role:Accountability: Takes ownership of assigned compliance responsibilities and follows through on commitments with integrity.Attention to Detail: Maintains a high level of accuracy when reviewing regulatory requirements, monitoring activities, and reporting breaches.Critical Thinking: Applies sound judgement and analytical reasoning to assess compliance risks and recommend appropriate actions.Proactive Mindset: Anticipates potential compliance issues and takes initiative to address them before they escalate.Resilience: Remains composed and effective under pressure, especially when dealing with regulatory deadlines or breach investigations.Collaboration: Works well with cross-functional teams, including Risk, Legal, and Business Units, to embed compliance practices and resolve issues.Communication: Clearly and professionally communicates compliance requirements, risks, and findings to stakeholders at various levels.Discretion and Integrity: Handles sensitive information with confidentiality and demonstrates ethical decision-making in all aspects of the role.Continuous Learning: Keeps up to date with regulatory developments and seeks opportunities to enhance compliance knowledge and skills.Adaptability: Responds effectively to changing regulatory environments and shifting business priorities.SkillsChange Management, Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Identifying Customer Needs, Legal Practices, Performance Management Design, Policies & Procedures, Presenting Solutions, QA Methodologies, Regulatory Compliance Management, Requirements DevelopmentCompetenciesAction OrientedBalances StakeholdersCommunicates EffectivelyFinancial AcumenInstills TrustInterpersonal SavvyManages ComplexityOptimizes Work ProcessesEducationNQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalentClosing Date18 November 2026 , 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.The Old Mutual Story!