Manager: SLS: Finance: Compliance, Production: Job Grade 13: Bellville

Who Are We?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

What Will You Do?

This is a management role that is responsible for managing and overseeing the Sanlam Connect compliance team. The successful incumbent must provide a trusted view on the level of compliance to the management of the business entities and to coordinate and provide guidance to a team of compliance officers.

What Will Make You Successful In This Role?

• Oversee, manage and provide guidance to the team of compliance officers on activities across Glacier and Sanlam Linked Investments.
• Act as supervisor to compliance officers under supervision, when needed.
• Analyse and interpret applicable laws and regulations and utilise a risk-based approach in developing a regulatory risk profile and the relevant compliance risk management and monitoring
• plans for specific legislation.
• Determining the quantity, frequency and type of monitoring and planning and coordinating the teams’ monitoring duties.
• Compilation and submission of internal and external compliance reports.
• Presenting to and engaging the relevant business areas on compliance feedback and corrective action.
• Interpret legislation and assist management with practical implementation thereof as required.
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable regulatory compliance.
• Assist in the development of training programmes and the delivery of training as relates to core legislative and regulatory requirements.
• Provide inputs to external industry bodies relative to specific regulatory topics (e.g. ASISA working groups).
• Escalate any matters that may require the attention of or a decision by the Head of SRA Compliance and/or SRA Exco and/or other relevant governing boards.
• Maintain good relationships and interaction with the various regulators and assist with the compilation of responses pertaining to queries received from the various regulators.

Role Requirements

Qualifications:

• FSCA recognised compliance qualification and FSCA approved FAIS Compliance Officer is a minimum requirement.
• Approval for FAIS Category I is essential.
• Member of the Compliance Institute of Southern Africa and a Certified Compliance Practitioner designation would be advantageous.

Knowledge And Experience:

• Minimum of 5-8 years experience in compliance in financial services is required, of which at least 1 year experience in a management or leadership role.
• Knowledge of the financial services industry, especially the distribution and insurance environments
• A thorough understanding and knowledge of compliance risk management and monitoring programmes.
• A thorough understanding and knowledge of the regulatory requirements impacting on the various businesses in Glacier (e.g. FAIS, FICA, LTIA, PPR, POPIA) will be advantageous.
• Compliance and legal projects management
• Compliance advice, training and documentation reviews
• Regulatory compliance reporting and monitoring
• Coaching and mentoring of less experienced compliance employees
• Risk management

Behavioral Competencies

• Business insight - Contributing through others
• Builds networks - Contributing through others
• Manages complexity - Contributing through others
• Persuades - Contributing through others

Core Competencies

Cultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersCollaborates - Contributing through othersBeing resilient - Contributing through others

Build A Successful Career With Us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Turnaround Time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 

Our Commitment To Transformation

The Sanlam Group is committed to achieving transformation and embraces diversity.  This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.  The Group's Employment Equity plan and targets will be considered as part of the selection process.