Junior Compliance | Cape Town

SUMMARY:
Junior Compliance | Cape Town

POSITION INFO:

The company is looking for an exciting talent to join and fill the said role in our Compliance Unit.

The successful candidate will carry out the day-to-day Compliance Management duties to ensure that the company complies with regulatory requirements, best practice guidelines and internal policies.

DUTIES AND RESPONSIBILITIES:

• Assist the Compliance Officer in embedding a culture of compliance

• Assist ensuring compliance with laws and provisions that apply to insurers and financial services providers, with special focus on FAIS, PPR, POPIA, FICA and the Insurance Act.  

• Responsible for Compliance Monitoring 

• Report on level of compliance

• Present findings and be able to engage with Management

• Maintain Noncompliance Register

• Assist with ad hoc rollouts of compliance related Initiatives

• Assist the Head of compliance with regulatory reviews, inspections and investigations

• Assist Head of Compliance with compliance awareness and trainings.

• Review and develop relevant policies.

• Develop and implement an internal compliance framework (workplan) that reflects the organization’s unique characteristics – compliance with legislative universe (LTIA, PPR’s, FAIS, FICA and POPIA).

• Monitor and audit above mentioned workplans to ensure compliance with all applicable operational legislation.

• Strong and continued compliance focus on LionLife’s clients by ensuring sufficient oversight in relation to Binder holder, JR’s and outsourced partners, and intermediaries.

• Preparing and presenting clear and concise compliance reports to the Head of compliance.

• Interacting with regulators on compliance issues

• Interpret and report on new and emerging legislation and the impact it has on LionLife and ensuring awareness and understanding of changes introduced.

MINIMUM REQUIREMENTS:

• Educational

• LLB or Bcom

• Compliance Management Certificate or Postgraduate Diploma in Compliance (preferably)

• RE 1 (preferably)

• Skill/Experience

• 2 – 3 years compliance experience 

• 1 - year monitoring experience in Life Insurance environment (preferably)

• General knowledge and understanding of legislation in the financial services environment

• Experienced in reporting 

• Proficiency in MS Office

OTHER COMPETENCIES

• Communicate clearly and concisely

• A team player with a flexible approach

• Problem-solving skills

• A desire to learn and grow

• Upholds ethics and demonstrates high levels of integrity

• Attention to detail

• The ability handle pressure

• Able to work independently or with limited supervision

• Self-management