Compliance Officer

This qualification aims to prepare a learner to provide compliance services to assist management to discharge their responsibilities to comply with applicable regulatory requirements. A qualified learner will be able to: • Design and implement compliance risk management frameworks. • Define, assess, maintain and advise on the regulatory universe. • Develop, facilitate compilation of and review compliance risk management plans. • Conduct compliance monitoring. • Compile and submit internal and external compliance reports. • Interact with industry regulators, supervisors and stakeholders.

There is increasing pressure on organisations, both public and private, to ensure that their business activities comply with statutes, regulations and standards, both local and international. In addition, the regulatory environment has become more and more complex. As a result, organisations have chosen to implement consolidated and harmonised approaches to achieve compliance without overlaps, duplication or wasted resources. The responsibility for compliance lies with top management and to achieve this organisations are increasingly seeking the services of compliance practitioners to advise, support, monitor and control risk-based compliance frameworks. This qualification provides learners with the necessary knowledge, skills and workplace experience to fulfil this role. The Compliance Institute Southern Africa is the professional body for compliance officers. It has taken responsibility for the development and assessment of this qualification. These measures form part of a package of measures to encourage and promote compliance within the regulatory environment and to promote the professional status, image and credibility of its members. The profile of learners who can access this qualification is quite varied. It includes learners who are: • School leavers, who are drawn into compliance practice. • Higher Institution graduates, typically with accounting or legal qualifications. • Accounting or legal professionals. • Practitioners currently operating in the compliance field. Once qualified, learners would be employed in a variety of compliance functions within large organisations. Alternatively, learners could set up their own independent practices to provide outsourced compliance services to smaller businesses. One of the core functions of the Compliance Institute Southern Africa is the establishment and maintenance of the Generally Accepted Compliance Practice (GACP) framework. The GACP is benchmarked internationally and its application forms the core of this qualification. This means that organisations making use of the services of qualified practitioners can be assured that such practitioners are aware of and can apply the highest standards in regulatory risk-based compliance. This, naturally, also means that customers, including the general public, can be assured that the organisations they deal with work within the letter and spirit of the regulatory universe.

• Communication Skills at NQF Level 4. • Mathematical Literacy at NQF Level 4. Recognition of Prior Learning: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to assess and possibly approve prior learning claimed. Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. Prior learning must be acknowledged by a statement of results. Access to the Qualification: A recognised NQF Level 4 qualification granting access to tertiary studies at NQF Level 6.

• Design and implement compliance risk management frameworks.
• Define, maintain and advise on the regulatory universe.
• Develop, facilitate compilation of and review compliance risk management plans.
• Conduct compliance monitoring.
• Compile and submit compliance reports.
• Interact with industry regulators, supervisors and stakeholders.