Senior Compliance Officer Short Term Insurance

2 weeks ago


Johannesburg, Gauteng, South Africa The Recruitment Council Full time
Our client is scouting for an exceptional Senior Compliance Officer specifically in the short term sector. The successful individual would need to assist the management team with the coordination; facilitation and management of Compliance and Advice through creating analytical tools; reporting and developing networks; providing advice to minimise regulatory; reputational and compliance risk and endeavour to avert potential litigations/ penalties and ultimately increase shareholder value

Job Responsibilities:

  • Assist managers within the Business Unit to monitor risks related to compliance and advice requirements by providing guidance or offering expert advice to compliance officers and Group Internal Audit.
  • Align solutions with the strategic direction and create new ways of solving problems
  • Sourcing and consolidating data to develop and enhance tools to measure Key Compliance Indicators and trends relating to potential compliance and advice risk in e.g. the execution of sales, aftersales during the product and client lifecycles.
  • Management of the Risk, Compliance and Advice requirements to provide insights on regulatory, operational and external developments to ensure proactive awareness and management of compliance risk and advice issues.
  • Performing a leading role in review of compliance related regulatory changes through internal consultation and providing commentary on the proposed legislation which include offering proposals on alternative wording of requirements.
  • Provide Subject Matter Expert guidance on Compliance and Advice Related regulatory changes and oversee the implementation of action plans to align to the upcoming regulatory requirements.
  • Provide overview and reporting of the status of the Compliance and Advice risk of the company's insurance distribution to management and Regulators.

People Specification:

  • Lead the creation of an innovative culture by championing innovation and continuous improvement in the company with specific emphasis on conduct related Compliance Risk Management.
  • Facilitate achievement of the company's strategy by formulating, maintaining and executing a strategic plan for

Group Compliance:
Compliance Services (Market Conduct Compliance Office) and contributing to development of the company's group strategy.

  • Drive implementation of Conduct related Compliance risk by establishing appropriate structure for monitoring performance against plans and budgets; taking remedial action where necessary reporting on performance and engaging with stakeholders.
  • Ensure sustainable business through alignment of business structures; systems; processes and people and developing tools to measure the conduct related compliance risk across these.
  • Meet the company's standards of staff performance by managing the recruitment; development; training and performance management of staff.

Education:

  • Bachelors qualification in Law/Commerce or Risk Management
  • Post Graduate Diploma: Compliance
  • FSCA approved FAIS Compliance Officer
  • CISA accreditation
  • Other professional designations in field of expertise

Experience:

years experience in a Short Term Insurance Risk, Advice, Audit and Compliance role with a short term insurance intermediary and/ or short term insurance provider of which 5 years should be at a management level.


Technical / Professional Knowledge:

  • Relevant regulatory knowledge
  • Risk management process and frameworks
  • Cluster Specific Operational Knowledge
  • Governance, Risk and Controls
  • Compliance reporting
  • Reputational risk management
  • Stakeholder management
  • Codes of Good Governance

Behavioural Competencies:

  • Decision Making
  • Influencing
  • Building Trusting Relationships
  • Managing Work
  • Quality Orientation
  • Stress Tolerance


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