Compliance officers register with own institute

Compliance officers register with the Compliance Institute SA, following SAQA recognition of the professional body and its board exams, starting in 2013.

The South African Qualifications Authority awarded two levels of professional compliance designations to the body in April 2013, after four years of capacity development.

The professional body was awarded two professional designations for compliance officers;
• Compliance Practitioner, at NQF level 6
• Compliance Professional, at NQF level 8.

“This is a milestone for the compliance profession. Internationally, compliance functions have evolved into an executive role, recognised by organisations as an important component of their regulatory regime,” said Julie Methven, CEO of Compliance Institute SA.

“Emphasis is not only on academic qualifications. Employers want to know that their compliance officers have the knowledge, skills and experience to do the job,” said Methven.

“Regulators now also gain assurance that competent people are assisting operators to comply with the multitude of complex legislation that applies to their respective industries. This is what our professionalism project is all about,” said Methven.

The Compliance Institute SA Board 1 exam (www.boardexams.co.za) measures each compliance officer’s knowledge and skills. Before a Compliance Practitioner or Compliance Professional designation is conferred, work experience requirements have to be met.

The exam is based on the institute’s Generally Accepted Compliance Practice framework, a set of principles, standards and guidelines for establishment and maintenance of efficient and effective compliance functions.

The Compliance Institute Board 2 exam, for Compliance Professionals, will start in mid-2014. The lead-up to the launch of the Compliance Officers Register was posted on Sheqafrica.com last year.

• Contact Julie Methven, CEO, Compliance Institute SA, on methven@compliancesa.com or 011 642 7974 or www.compliancesa.com

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Edmond Furter

Editor at Sheqafrica.com
Edmond Furter is the editor of Sheqafrica.com. He is a freelance technical journalist, and has won six journalism awards. He specialises in industrial, business, and cultural content in web, journal, and book formats.

One thought on “Compliance officers register with own institute

  1. Thanks for a very insightful article. Must all SHE practitioners /professionals register?

    Editor replies; Registration is not yet compulsory. Construction health and safety practitioners have to register with SACPCMP. General OHS practitioners may register with IOSH SA. Financial risk managers may register with Irmsa. Legal compliance officers may register with the Compliance Institute.

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