Compliance Officer

Job Description of a Compliance Officer

Job Title:

Compliance Officer

Location:

Head Office

Grade Level:

Department:

Shared Services

Reports to (Title):

Compliance Manager

Direct Reports:

Compliance Intern

Job Purpose

To ensure the development and implementation of risk policies and procedures in the organization

Core Responsibilities and Key Result Areas

Risk Assessment & Monitoring

• Collaborate with relevant teams to identify, assess, and quantify operational and compliance risks.


• Maintain and regularly update the organization’s risk register on a weekly and monthly basis.


• Track the implementation of risk mitigation strategies and validate outcomes.


• Recommend improvements to internal processes to enhance control effectiveness.


• Assist in the investigation of fraud, inefficiencies, and other anomalies, providing actionable recommendations.

Compliance & Internal Controls

• Participate in the design and implementation of internal control processes to mitigate identified risks.


• Monitor compliance with internal policies, regulatory obligations, and risk standards.


• Conduct internal reviews to ensure adherence to risk management protocols.


• Identify and report emerging risks and control gaps with recommended mitigation strategies.

Key Performance Indicators

• Accuracy and timeliness of risk register updates


• Effectiveness of implemented risk controls.


• Number and quality of process improvement recommendations


• Compliance level with regulatory and internal risk policies

Knowledge Requirements

• Knowledge of legislations, its changes and developments as they affect the Food Industry,


• Knowledge of Fundamentals of Accounting


• Knowledge of Risk & Compliance standards or processes


• Knowledge of legal standards and in-house policies


• Knowledge of reporting procedures and record keeping


• Knowledge of the QSR/Food Industry practices Good interpersonal, communications and flexibility

Job Specifications

Educational Requirements

Professional Requirements

Experience Requirements

• A good first degree in Law, Finance, Accounting, or any other related areas

• Membership of the ICAN, ACCA or any other related professional qualification is an added advantage

• Minimum of 2 years work experience in an administrative capacity in a similar industry / environment

Decision Expectations

• Recommend business improvement opportunities


• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities


• Assist in risk minimization

Working Conditions

Jobholder typically work 40 hours per week, Monday to Friday, although there may involve weekend or evening work. This role is largely office-based, although at times the individual may require travel to meetings held off-site, as the company has more than one office. The role requires precision and attention to detail, as it involves managing risks.

Contacts and Purpose of Contact

Internal Contacts (most frequent contacts)

Purpose of Contact

• Food Concepts Management


• Heads of Departments


• Employees

• Exchange or provide information


• Obtain, clarify, and discuss information


• Present, discuss information and problems


• Collaborate, negotiate and present ideas

External Contacts (most frequent contacts)

• Service Providers/ Vendors

Authorisation

DMD/HD Name and Signature:

Date: