Permanent Compliance Officer | Momentum Group Vacancies
Job Description
Momentum Group Vacancies – Compliance Officer
Location: Gauteng – Bellville, Cape Town
Company: Momentum Group
Job Type: Permanent
Job Sector: Legal and Regulatory
Closing Date: 2025/08/04
Reference Number: MMH250718-17
Job Title: Compliance Officer
Position Type: Permanent
Role Family: Legal and Compliance
Cluster: Momentum Health
Remote Opportunity: Some of the time
Location – Country: South Africa
Location – Province: Western Cape
Location – Town / City: Bellville/Gauteng
Introduction
Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms, Momentum Metropolitan provides practical financial solutions for people, communities, and businesses.
Disclaimer: As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
Implement the compliance strategy aligned to the compliance monitoring plan to enable the business within a legal framework.
Requirements
Qualification
- Matric Certificate
- Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA (Essential)
- Post graduate qualification in Compliance Management (Desirable)
- Legal qualification (Desirable)
- Degree in Commercial, Risk Management, Audit, Legal, Business, or related field (Essential)
Licensing or Registration
- Registered with the Compliance Institute of Southern Africa (Desirable)
- Registered as a licensed compliance officer with the FSCA (Essential)
Knowledge
- Exposure to interpretation of legislation for Health, insurance, and financial services environment
- Exposure to aspects of the compliance risk management framework
- Understanding of the insurance and financial services industry
- Knowledge of Regulation i.e., FAIS, FICA, POPIA, LTIA, Short-Term Insurance Act, Medical Schemes Act, COFI, FSCR
- Knowledge and understanding of the typical products offered by the organisation
Experience
- 2–5 years of compliance-related experience
- Experience in the insurance and financial services industry (preferred)
Duties & Responsibilities
Internal Process
- Execute compliance activities based on the Compliance Monitoring Plan to provide assurance on regulatory compliance.
- Monitor new regulatory mandates, rules, and requirements, ensuring policies are updated and revisions disseminated timely.
- Design and implement compliance training and educational programs; participate in management training and induction programs.
- Provide advice on compliance with laws and regulations to ensure ongoing adherence.
- Assess regulatory developments’ impact on business operations and guide compliance.
- Conduct compliance monitoring reviews and audits per schedule or ad hoc requirements.
- Execute regulatory compliance breach management and follow-up processes.
- Contribute to statutory projects and monitor implementation.
- Create awareness of new compliance requirements or potential impacts.
- Support stakeholders in identifying compliance risks and mitigating actions.
- Prepare documentation for regulatory and industry submissions.
- Build relationships with internal and external stakeholders.
- Deliver compliance reports highlighting activities and non-compliance instances.
- Review business policies from a regulatory compliance perspective and recommend improvements.
- Identify, assess, manage, monitor, and report compliance risks.
- Assist with FAIS and FICA compliance matters.
- Draft compliance-related communications to the business.
- Research regulatory matters, compliance management, and report findings.
- Ensure compliance record-keeping adheres to legislation.
- Assist in reviewing major business initiatives or proposals.
- Monitor training completion statistics and maintain records.
- Prepare and distribute a monthly compliance newsletter.
- Maintain compliance registers (breach, complaints, risk, monitoring).
- Assist in licensing applications and renewals.
- Draft and review business unit compliance reports.
- Assist in maintaining and applying for CMS accreditation.
Client
- Build and maintain relationships with stakeholders.
- Negotiate and monitor service level agreements.
- Deliver on agreements to manage client expectations.
- Recommend improvements for client service and fair treatment.
- Foster a culture of exceptional client service and feedback.
People
- Build strong relationships through leadership and expertise.
- Continuously develop industry and subject matter knowledge.
- Influence change and provide specialist support.
- Drive innovation through idea-sharing and collaboration.
- Promote a culture of productivity, service, and quality.
- Take ownership of career development.
Finance
- Identify cost-effective and efficiency-enhancing solutions.
- Implement governance processes and provide input on policies.
- Escalate unresolved compliance issues for investigation.
- Contribute to risk identification and mitigation strategies.
Competencies
- Examining Information
- Documenting Facts
- Adopting Practical Approaches
- Providing Insights
- Interacting with People
- Articulating Information
- Upholding Standards
Policy
We are committed to Employment Equity, diversity, and inclusion when recruiting internally and externally. All appointments align with our Employment Equity goals, and we encourage people with disabilities to apply.
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