Job Description

THE JOB AT A GLANCE

As a Compliance Specialist, you will be responsible for pro-actively and constructively assisting the RMA Group in managing its responsibility to comply with all applicable regulatory legislative requirements, applicable regulatory codes and standards, and internal policies and procedures.

WHAT WILL YOU DO?

Compliance process and policy development:

• Draft and periodically review compliance policies and procedures
• Ensure the Organisation-wide implementation of the compliance policy and process
• Provide quality assurance on all Compliance Risk Management Plans compiled by Divisional Compliance Champions
• Fulfil any task necessary to achieve the Compliance Functionxe2x80x99s objectives
• Conduct continuous research and development of compliance methodology/process

Compliance monitoring and reporting:

• Implement an Organisation-wide reporting procedure to ensure compliance with the reporting responsibilities as required by the Regulator(s)
• Analyse, collate and interpret organisation-wide compliance reports
• Submit detailed and summarised reports on areas covered, findings and appropriate recommendations for improvement to management and the Risk Committee and other Board-Sub committees
• Conduct independent compliance monitoring e.g. Control Adequacy Assessments and Control Effectiveness Assessments / testing, special reviews and risk indicator monitoring;
• Monitor regulatory developments and interpreting regulatory requirements

Stakeholder relationship management and training:

• Facilitate resolution of compliance breaches
• Provide ongoing advice to Departments
• Assist with the training of staff on compliance related matters
• Promote compliance awareness.

WHAT YOU'LL BRING TO THE TABLE?

• Legal Degree / Compliance qualification / Auditing qualification
• Admission as an attorney or advocate (advantageous)
• Registered as a Compliance Officer with the FSCA
• Insurance Regulatory Exam (RE1) an advantage
• 3-5 yearsxe2x80x99 corporate compliance experience
• 2-4 yearsxe2x80x99 working experience within an insurance or financial institution
• Good working knowledge of FAIS will be an added advantage
• Practical knowledge of applicable insurance and related legislation
• Ability to interface with Regulators
• Functional Knowledge of COIDA (advantageous)
• Excellent verbal communication and writing skills
• Ability to work under pressure and meet deadlines
• Good presentation skills and ability to interact with senior management
• Experience in compiling compliance reports
• Professional Compliance Designations i.e. CPRAC(SA) or CPROF(SA) an advantage

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company thatxe2x80x99s 128 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.

Closing date:

Our Commitment to transformation:

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

• Legal Degree / Compliance qualification / Auditing qualification
• Admission as an attorney or advocate (advantageous)
• Registered as a Compliance Officer with the FSCA
• Insurance Regulatory Exam (RE1) an advantage
• 3-5 yearsxe2x80x99 corporate compliance experience
• 2-4 yearsxe2x80x99 working experience within an insurance or financial institution
• Good working knowledge of FAIS will be an added advantage
• Practical knowledge of applicable insurance and related legislation
• Ability to interface with Regulators
• Functional Knowledge of COIDA (advantageous)
• Excellent verbal communication and writing skills
• Ability to work under pressure and meet deadlines
• Good presentation skills and ability to interact with senior management
• Experience in compiling compliance reports
• Professional Compliance Designations i.e. CPRAC(SA) or CPROF(SA) an advantage

Rand Mutual