Compliance Manager

Purpose of the position:

Ensuring compliance with applicable laws and regulations pertaining to the financial services industry.

Responsibilities:

• Managing FAIS compliance within the business and ensuring timeous reporting to the regulatory authority/ies
• Developing, maintaining, and reviewing policies, procedures and internal controls
• Development and implementation of compliance risk management plans
• Pro-actively identifying existing and potential control deficiencies and exposures from ongoing monitoring reviews
• Acting as an independent reviewer to ensure the timeous escalation and resolution of compliance related risks or concerns
• Providing guidance to business on the avoidance / mitigation of potential compliance risks and implementation of remedial action plans
• Maintaining expert knowledge on applicable laws and regulations, including relevant amendments thereto
• Propose and implement compliance management awareness programmes
• Promoting a positive compliance culture that emphasises and demonstrates the importance of policies, procedures and internal controls by pointing out the implications of non-compliance
• Developing, leading and/or participating in staff compliance training
• Dealing with regulatory authorities / matters as and when required, including:
  • the submission of regulatory returns and information requests
  • dealing with enquiries, onsite inspections and audits, as well as regular engagement meetings
• Reporting to the Head of Compliance and providing accurate reports and ad hoc legal opinions

Requirements:

• Minimum 3-5 years’ experience in a compliance management position with in-depth knowledge of the non-life insurance industry and applicable legislation (Insurance Act, Short-term Insurance Act, FAIS Act, POPIA)
• A relevant legal / compliance qualification
• RE1
• RE5 advantageous
• Licensed compliance officer advantageous

Skills and Attributes:

• Ability to identify compliance risks and make recommendations that are appropriate for business
• Attention to detail and meticulous accuracy is essential
• Ability to professionally communicate with various levels of staff and management

To apply, send your CV to careers@porcupine.ai If you don’t receive any feedback within 10 working days after the closing date, please accept your application as unsuccessful. In response to this ad, you acknowledge and accept that we’ll need to process your personal info. To see how we process personal info, feel free to check out the privacy policy on our website.