Head of Compliance: Product

at  Discovery Ltd

PRINCIPLE ACCOUNTABILITIES

• To design and build compliance risk management programs for multiple entities: insurers, investment providers, administrators, medical schemes, wellness programs.
• Managing and constantly improving the compliance framework.
• Advising the business on suitable control frameworks to implement regulatory obligations.
• Providing guidance to senior management to ensure that business objectives is aligned to the regulatory framework and exposure profile of the business.
• Understanding and analysing the strategic impact of regulatory requirements on the business and make recommendation to business.
• Engage with and influence a broad array of stakeholders such as the board(s), board committees, directors, senior management, and others.
• Draft and maintain regulatory policies.
• Review of Group Policies to ensure alignment with the policy standards and regulatory requirements
• Provide input to the Regulatory Training Calendar
• Ensure governance requirements across all entities are in place
• Establish appropriate mechanisms to ensure the effective oversight to
• coordinate and drive compliance across the business.
• monitor and enforce effective control, governance, and compliance standards.
• engage with business on any incidents and exposures and ensuring that these are dealt with in line with regulatory requirements.
• ensure policies, standards and frameworks are appropriate for the business.
• implement appropriate monitoring of compliance with regulatory requirements.
• provide comprehensive reports and feedback to senior management and committees
• Managing regulatory changes.
• analyse changes and evaluate the impact on business and communicate to business.
• providing strategic guidance and support to business on the implementation of new and amended regulatory requirements.
• engage with business to draft comments on proposed Bills and amendments to Regulation.
• Managing teams of compliance professionals.
• Provide tactical steer and optimise the use of resources to achieve departmental goals.
• Set objectives to improve overall performance.
• Ensuring strict adherence to compliance standards and methodology.
• Prepare business plans and budgets

EDUCATIONAL REQUIREMENTS AND EXPERIENCE

Education: A Post-Graduate degree in law, or law and commerce.
Knowledge: Extensive knowledge of the broader financial services regulatory environment and best practice relating to compliance frameworks, processes, and operating models.

EXPERIENCE:

• A minimum of 8-10 years’ experience in a senior compliance or senior regulatory risk management role.
• Extensive experience in applying the compliance methodology within a Group Compliance Function in a multi-disciplinary environment.
• Experience in an operational compliance environment advantageous.
• Experience in overseeing the drafting and implementation of compliance frameworks, processes and operating models that are fit for purpose in respect of their different business areas.
• Experience and demonstrable excellence in analysing and interpreting data, identifying gaps, and supporting the design of appropriate management actions across multiple disciplines as well as the impact to the Group.
• Experience in managing a senior management team and compliance professionals.
• Experience and a proven track-record of executing cross-disciplinary strategies to meet regulatory requirements.
• Extensive knowledge of the regulatory universe particular to their dedicated areas. Good interpretational skills and understanding of what is required to meet the intent of regulatory requirements considering the changing compliance landscape from rules based to outcomes based

Please refer the Job description for details