FAIS and Market Conduct Specialist - Halfway House
BMW Group
Description Contribute to the overall compliance risk management and governance for BMW Financial Services, specifically in relation to Market Conduct and FAIS: Implementation of compliance risk management and governance processes within the organisation as required for an FSP. Monitoring of compliance to FSCA relevant standards as issued from time to time, including current and future legislative requirements for the FSP. FSCA - administrative and compliance adherence to current and future applicable regulatory requirements which impact the business of BMW Financial Services, including any codes of conduct and future CBR reporting. Management of FAIS /TCF / Market Conduct related customer and regulatory complaints. Stay abreast of, assess, inform and report on regulatory changes impacting our FSP license. Responsible to develop and maintain regulatory relationship with Supervisory bodies, as may be required. Assistance in maintaining CPD points of Representatives and Key Individuals. Provide guidance and advice to Representatives and Key Individuals regarding any FSP regulatory and conduct topics. Review and resolve Fit and Proper queries Enhance and further refine the Conduct Risk framework, including the development and refinement of new KPI's and refine of the Conduct Risk Dashboard. Further develop the Internal Control systems (ICS) to ensure business compliance. Drive automation / efficiencies / process optimization across FAIS and market conduct impacted business departments Conduct regular training and awareness in areas of interest for the organisation and to legislative requirements. Review and maintain Conduct Risk Framework and relevant policies. Qualifications - External Required - LLB/BCOM/Risk Management Degree. Must meet the requirements to be registered as a FAIS compliance officer Preferably a member of CISA. Must have: RE 1 beneficial, RE5 advantageous. In-depth understanding of the FAIS and Market Conduct. Solid track record (5 years) operating as a FAIS compliance officer Desired: a general understanding of the motor vehicle finance industry. insurance experience Exposure to a cell captive environment is ideal Ability to work with challenging situations. FAIS and Market Conduct Specialist 20240319 Automotive Midrand South Africa Legal Entity: BMW Financial Services (South Africa) (Pty) Ltd. Midrand Job Field: Compliance Job Id: 125810 Publication Date: 19.03.2024 FullTime Print Page
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