Old Mutual: Compliance Officer

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Location: Cape Town
Job Requisition ID: JR-73120


Closing Date: 07 November 2025, 23:59

About Old Mutual

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across 14 countries.
Our lines of business include Life and Savings, Property and Casualty, Asset Management, and Banking and Lending.

We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is built on a great employee experience.

Let’s Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this commitment.

Position: Compliance Officer

This second-line compliance role is accountable for establishing and maintaining a fit-for-purpose compliance framework, including developing and executing a Risk Management and Monitoring Plan.
The role focuses on embedding compliance practices across assigned business areas and supporting business units in meeting regulatory obligations.

Key Responsibilities

  • Support the establishment and rollout of an appropriate compliance control framework for the Centre of Excellence (CoE).
  • Provide assurance to segments and business units according to the approved compliance plan.
  • Identify and report compliance breaches to line management and the Compliance Manager/Executive.
  • Facilitate the resolution of compliance breaches and assist in mitigating compliance risks.
  • Conduct investigations into potential breaches and provide compliance risk-related insights.
  • Contribute to the development of annual CoE or Line of Business (LoB) Compliance Plans aligned to the Group Compliance Plan.
  • Manage junior compliance staff (e.g., Assistant Compliance Officers) within less complex business units where applicable.
  • Report functionally to the Compliance Manager or directly to the Compliance Executive as appropriate.

Core Functional Areas

Second-Line Assurance: Provide independent assurance on first-line controls and compliance with regulatory obligations.
Incident & Breach Management: Investigate and resolve compliance breaches, ensuring corrective actions are implemented.


Compliance Risk Assessment: Identify and assess compliance risks within assigned areas.
Governance & Reporting: Prepare and present compliance reports for managers, executives, and governance forums.
Regulatory Engagement Support: Assist with inspections, audits, and regulatory engagements.
Embedding Compliance Culture: Promote compliance awareness and training within business units.

Qualifications and Experience

Minimum Requirements:

  • Matric
  • Undergraduate Degree
  • Relevant FAIS-recognised qualification for Compliance Officers
  • Certificate in Compliance (advantageous)
  • CPrac designation (added advantage)

Experience:

  • Minimum 5+ years relevant experience in financial services and compliance
  • Sound understanding of legislation impacting the insurance industry, particularly FAIS
  • Excellent written and verbal communication skills
  • Knowledge of audit methodology (advantageous)

Behavioural Competencies

  • Accountability: Takes ownership and follows through with integrity.
  • Attention to Detail: Maintains accuracy in monitoring and reporting.
  • Critical Thinking: Assesses risks and recommends sound actions.
  • Proactive Mindset: Anticipates and resolves issues early.
  • Resilience: Performs effectively under pressure.
  • Collaboration: Works effectively with Risk, Legal, and Business Units.
  • Communication: Conveys compliance insights clearly.
  • Discretion & Integrity: Handles confidential matters ethically.
  • Continuous Learning: Keeps updated with evolving regulations.
  • Adaptability: Adjusts to changing regulatory and business landscapes.

Skills

Change Management | Compliance Software | Data Compilation | Legal Practices | Regulatory Compliance Management |
Performance Management | Policies & Procedures | Presenting Solutions | QA Methodologies | 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, Advanced Diploma or Postgraduate Certificate (or equivalent) Required

Employment Equity

The appointment will be made from the designated group in line with Old Mutual South Africa’s Employment Equity Plan and the specific business unit’s requirements.

Apply Here

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