Junior Compliance Specialist

3 weeks ago


Parktown, South Africa Rand Mutual Assurance Full time

**THE JOB AT A GLANCE**

As a Junior Compliance Specialist, you will be reporting into the Compliance Manager, you will be responsible for pro-actively and constructively assisting and providing support to the Head: Legal, Risk and Compliance with ensuring the management and execution of compliance in alignment with all applicable regulatory legislative requirements, applicable regulatory codes and standards, and internal policies and procedures.

**WHAT WILL YOU DO?**

**Assist with Compliance process and policy development**:

- Assist with drafting and periodically reviewing compliance policies and procedures.
- Ensure the Organisation-wide implementation of the compliance policies and processes.
- Assist with the provision of quality assurance on all Compliance Risk Management Plans compiled by Divisional Compliance Champions.
- Assist with the fulfilment of any task necessary to achieve the Compliance Function’s objectives.
- Provide support with conducting continuous research and development of compliance methodology/process.

**Compliance monitoring and reporting**:

- Assist with the implementation of an Organisation-wide reporting procedure to ensure compliance with the reporting responsibilities as required by the Regulator(s).
- Assist with analyses, collate and interpret organisation-wide compliance reports.
- Provide support with ensuring submission of reports on areas covered, findings and appropriate recommendations for improvement to management and the Risk Committee and other Board-Sub committees.
- Assist with conducting independent compliance monitoring e.g. Control Adequacy Assessments and Control Effectiveness Assessments / testing, special reviews and risk indicator monitoring.
- Provide support with monitoring regulatory developments and interpreting regulatory requirements.

**Stakeholder relationship management and training**:

- Assist with facilitation of resolution of compliance breaches.
- Assist with provision of ongoing advice to Departments.
- Assist with the training of staff on compliance related matters.
- Promote compliance awareness.

**WHAT YOU'LL BRING TO THE TABLE?**
- NQF Level 7: Degree in Legal/Finance/Compliance qualification
- Member of the CISA
- Insurance Regulatory Exam (RE1) an advantage
- FAIS CO registered with the FSCA ad added advantage
- 1-2 years’ corporate compliance experience
- 1-2 years’ 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
- Proven monitoring experience
- 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 that’s 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**

**Closing date: 06 April 2023**

**Our Commitment to transformation**:

- NQF Level 7: Degree in Legal/Finance/Compliance qualification
- Member of the CISA
- Insurance Regulatory Exam (RE1) an advantage
- FAIS CO registered with the FSCA ad added advantage
- 1-2 years’ corporate compliance experience
- 1-2 years’ 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
- Proven monitoring experience
- 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



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