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To support the Managing Executive of Risk, Regulatory and Compliance with the implementation and management of key compliance initiatives by enhancing and maintaining the existing controls within the financial services division as it specifically relates to insurance, payments, lending and / or banking related products and services. The role will further provide general day to day support in terms of managing stakeholders and the needs of their respective business units.
Job Responsibility:
Interfacing, monitoring and advising on pending, anticipated and new legislation and bills that impact on the businesses
Assisting in the preparation of business risk and / or privacy impact assessments
Assisting the broader Risk, Regulatory and Compliance team in ensuring compliance with the current regulatory environment, internal policies and relevant contractual agreements in accordance with an internal compliance plan
Sourcing and providing reference materials and doing relevant legal research and providing legal opinions and advice regarding interpretation of laws vis-a-vis the Company’s operations
Assist in the development of Terms and Conditions for New Products as may be launched from time to time
Preparing, vetting and / or facilitating the execution of legal documents / agreements in conjunction with the Vodacom Group Legal division
Create a mechanism to ensure timely renegotiation and renewal of key contracts prior to expiry as well as engaging with the outsourced service providers to provide oversight and assess levels of risk and compliance
Assist the business in coordinating any engagements with industry regulators
Analyse and facilitate responses to complaints (internal and external)
Engage with internal (Project Support) and business stakeholders
Assist in the implementation of the compliance training and awareness program
Assist management in creating a compliance culture and in embedding compliance principles, values and sound business practices into existing training mediums
Assist management to create new mediums of communication to enhance compliance awareness and knowledge within the Company
Assists with the analysis and documentation of regulatory compliance requirements especially as it relates to opportunities that may be relevant to the division
Identify and track changes to existing and new laws
Impact analysis across business processes and systems
Requirements:
LLB and / or equivalent Bachelor’s Degree
Admission as an attorney in a common law jurisdiction and / or a master’s degree will be an added advantage
Minimum of 3-5 years’ experience in a legal, compliance and/or regulatory role, preferably in a law firm or multinational financial services company or a fintech
Any additional certifications will be an added advantage where relevant
Excellent Interpersonal and Communication Skills
Proven track record of previous legal, compliance and contract drafting and negotiation skills, especially in the context of a financial services company
Good understanding of both Technology Law as it applies to the financial services industry
A good understanding of Laws and Regulations, as it relates to payment services, privacy, outsourcing arrangements, and a workable knowledge of insurance, lending and investment based laws within South Africa
Demonstrate ability to interact with regulators
Prior experience in a law firm and / or multinational company
Build trust and maintain values that ensure mutual respect between the Company and other stakeholders (internal & external)
Able to guide and assist professionals and synergize with other departments / functional heads
Ability to multitask and work in a fast paced environment
Results driven, perseverance, proactive, responsible and an ethical person with a passion for regulatory and ability to strike a balance between compliance and business interest
Ability to transfer regulatory knowledge into sound business practices
Analytical and sound financial / commercial acumen
Effective interpersonal and communication (verbal and written skills)
Relationship management including influencing and persuasion skills
Presentation and facilitation skills
Nice to have:
Admission as an attorney in a common law jurisdiction and / or a master’s degree
Any additional certifications where relevant
Prior experience in a law firm and / or multinational company
What we offer:
Enticing incentive programs and competitive benefit packages
Retirement funds, risk benefits, and medical aid benefits
Cell phone and data benefits, advantages fibre connection discounts, and exclusive staff discounts offered in collaboration with partner companies