Compliance Specialist

4 days ago


Johannesburg, South Africa FirstRand Full time

Job Description

To monitor processes and related controls in accordance with compliance methodology and minimum standards and provide support to experienced Regulatory Risk and Compliance professionals that require robust regulatory compliance advice and guidance

Hello Future Compliance Specialist,

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

- Execute compliance activities based on the Compliance Strategy Plan in order to provide assurance on the level of regulatory compliance
- Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner
- Design and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmes
- Provide advice on compliance with applicable laws and regulations to the business to ensure ongoing adherence and compliance.
- Assess the possible impact of any regulatory development on the operations of the business and work with the business with regards to compliance
- Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leader
- Review and monitor completed audits and follow up on any recommendations made
- Execute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as the escalation procedures.
- Provide professional advice and guidance to business regarding compliance matters.
- Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
- Create awareness within business regarding new compliance requirement or provide guidance on potential impact of compliance requirements
- Support the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.
- Build relationships with internal and external stakeholders as well as the wider compliance community
- Provide input from a compliance perspective and act as trusted advisor in business projects and initiatives.
- Deliver compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.
- Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.
- Identify, assess, manage, monitor and report on compliance risks that the company face.
- Execute compliance activities based on the Risk-based compliance plan to provide assurance on the level of regulatory compliance.
- Relevant legal qualification
- Risk management (advantageous)
- Minimum 5 years’ experience in an end-to-end compliance function with in dept knowledge of the life insurance (group business), consulting business
- Must have technical understanding of the Insurance Act and must have a strong understanding of the Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act.

You will have access to:

- Opportunities to network and collaborate
- A challenging working environment that is progressive and agile
- Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you are:

- Adaptable and curious
- Analyse complex data sets
- Thrive in a collaborative environment

Job Details

12/05/25



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