To provide risk management and compliance services to the loans business within Direct Axis<\/p>\n
1. Gather and translate all regulatory requirements and associated operational risks
\n2. Challenge and assess requirements and recommend business relevant approach and risks
\n3. Drive and coordinate required changes
\n4. Provide regular reporting and feedback to relevant stakeholders
\n5. Act as Loans Operations Subject Matter Expert for all compliance related matters
\nRequirements Legal or business risk<\/p>\n
<\/p>\n KNOWLEDGE REQUIRED: <\/p>\n Duties & Roles<\/strong><\/p>\n \u2022 To be informed and knowledgeable re all relevant legislation and to review business processes and practices in order to ensure that the business operates in line with all the legislative requirements at any given point in time. Relating to NCA & FICA: Relating to FAIS: Operational Risk Management and Audit Resolutions <\/p>\n
\nExperience EXPERIENCE REQUIRED:<\/strong>
\nIdeally knowledge and experience in delivery of full compliance protocols to legislative and best practice standards<\/p>\n
\nKnowledge and experience of the finance and insurance Industry
\nKnowledge and experience of the relevant financial services legislation including but not limited to:
\n– NCA
\n– Long term insurance Act
\n– FAIS
\n– FICA
\n– POPI
\n– TCF
\n– CPA<\/p>\n
\n\u2022 To draft and submit the the necessary and relevant reporting internally (to executive team) and, upon request, externally (to FirstRand and the various legislative bodies) on a monthly and annual basis to highlight any areas of concern as well as proposed solutions to address the risks
\n\u2022 To escalate non-compliance to relevant legislation and regulations to appropriate management of Direct Axis
\n\u2022 Instill a Compliance culture within Direct Axis Loans
\n\u2022 To own and manage the relationship between Loans Operations and the broader compliance team
\n\u2022 To represent Loans Operations during any audits done by by internal and external bodies, to review the audit findings and to facilitate the actions arising from such audit reports throughout the business.<\/p>\n
\n\u2022 To take full responsibility for legislative requirements applicable to the Loans Operations
\n\u2022 To support the Loans Executive team to ensure the division complies with all applicable regulations and standard operating procedures<\/p>\n
\n\u2022 To ensure that all Fit & Proper requirements for the business as well as individuals within the business are met and documented
\n\u2022 Facilitate and implement the requirements in the business relating to :
\n? Quality Assessment
\n? Dispute handling and management
\n\u2022 To review the business processes. policies and communication with the aim of ensuring that it complies with regulations and to provide recommendations to the business regarding improvements or necessary changes<\/p>\n
\n\u2022 Ensure overall compliance to regulations (e.g. NCA, FICA, etc.) and regulatory bodies codes of conduct (e.g. NCR, FIC, etc.) applicable to the financial services industry as well as pending legislation (e.g. POPI, TCF etc.)
\n\u2022 To ensure the necessary and relevant reports are submitted both internally (to executive team) and externally (to third party stakeholders e.g. JV Partners, shareholders, auditors, etc) on a monthly and annual basis as well as implementing solutions to address key risks identified during audits
\n\u2022 To review the business processes, policies and communication with the aim of ensuring that it complies with applicable DA policies and procedures, provide recommendations and ensure implementation of revised processes<\/p>\n