The posting
Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Group 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 Officers
- Certificate in Compliance an advantage
- CPrac an added advantage
Experience:
- 5+ years relevant industry (financial services) and Compliance experience
- Good understanding of legislation impacting the insurance industry and specifically FAIS
- Excellent written and verbal skills
- Understanding of audit methodology an advantage
Key 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.
Skills
Change 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 Development
Competencies
Action Oriented
Balances Stakeholders
Communicates Effectively
Financial Acumen
Instills Trust
Interpersonal Savvy
Manages Complexity
Optimizes Work Processes
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
18 November 2026 , 23:59
The 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.
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