Permanent position situated in Bellville, Bloemfontein, or Pretoria. Your Formal Education - Related degree (LLB, Bachelors in Law, Finance, Economics, Business Management or related fields).
- RE1
- Registered Phase 1 Compliance Officer with the FSCA
- RE3 and/or Certificate in Compliance Management (advantageous)
People Together with 3-5 years’ related experience in a compliance function in the financial services with working knowledge of non-life (short-term) insurance (being an advantage) together with being bilingual (fluent in English and Afrikaans) will enable you to:
- Training and Education:
Ensuring that all employees understand the compliance policies and relevant laws and regulations. This includes developing and delivering training programs on compliance-related topics. - Communication:
Acting as the point of contact for compliance-related questions and building strong relationships with financial advisors. Providing clear and accessible guidance to employees and financial advisors on compliance matters. - Fostering a Compliance Culture:
Promoting a culture of compliance and ethical behavior within the Company.
Processes - Regulatory Risk Management support:
- Develop and implement a compliance coverage plan based on the approved regulatory framework;
- Implement all necessary actions as per the compliance plan to ensure achievement of the compliance plan objectives;
- Assist the Compliance Manager in the maintenance of compliance policies, procedures, and other compliance documentation.
- Licensing and profile changes:
Ensure that license profile changes are submitted timeously to the Regulator. - Monitoring:
- Conduct monitoring as per the agreed compliance coverage plan;
- Monitor and maintain all compliance registers;
- Compile a monthly file monitoring schedule as per the monitoring plan and report findings to the Compliance Manager;
- Liaise with internal departments, coordinate meetings with line managers, and provide monitoring feedback to financial advisors;
- Conduct branch monitoring;
- Review internal monitoring process and results, identify trends and risks for the Company;
- Escalate high-risk findings to the Compliance Manager immediately.
- Ad hoc support for Compliance projects:
Assist the Compliance Manager with any compliance project. - Reporting:
- Assist Compliance Manager to compile internal compliance reports on all compliance activities, compliance risks;
- Assist with reporting to the regulator and other industry bodies.
- Recordkeeping:
- Store all compliance records securely in a manner that allows for easy retrieval on SharePoint;
- Correct naming conventions must be adhered to when documents are stored on SharePoint;
- Maintain compliance documentation on the intranet.
- Training and Awareness:
Assist Compliance Manager with compliance training and awareness initiatives. - General:
- Stay abreast of regulatory matters by attending webinars and reading newsletters;
- Attend regular compliance meetings as required;
- Attend to general compliance queries from advisors as well as other departments within the company and escalate where necessary.
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