Compliance Assistant

iMasFinance; Centurion; On-site; ZAR 240 000 - 300 000; Full time

Job summary

A financial services provider in Centurion is seeking a Compliance Assistant responsible for monitoring compliance with regulations and internal policies. Key duties include assisting in policy development, investigating compliance issues, and preparing reports for management. Ideal candidates should have at least 2 years of experience in compliance functions, strong Microsoft Office skills, and relevant qualifications. This role is essential for ensuring adherence to regulatory standards and enhancing company compliance strategies.

Qualifications

• 2+ years’ experience in Compliance functions within a Financial Services Provider.
• 2 years’ experience in overseeing and implementing regulatory changes.
• Code 8 (EB); Articulated motor vehicle licence (Manual transmission).

Responsibilities

• Assist in the development, maintenance, and revision of policies and procedures.
• Ensure document management controls are in place for internal policies.
• Investigate and resolve licensing and compliance issues.
• Monitor IIB Bank account for suspicious transactions and report findings.
• Attend FICA seminars to keep updated on regulatory changes.

Skills

Microsoft Office (Advanced Excel)

Report writing

Presentation Skills

Risk Management

Attention to detail

Communication skills (Verbal and Written)

Coping under pressure

Conflict handling skills

Problem solving skills

Education

National Senior Certificate (Matric)

Regulatory Exam for Representatives (RE5)

Regulatory Exam for Key Individuals (RE1)

FSCA recognized qualification on NQF level 5

Job description

At iMas Insurance Brokers, we are committed to driving transformation and diversity in the workplace. In support of our transformation strategy, preference will be given to candidates from designated groups.

About This Position

iMas Insurance Brokers is currently recruiting for a Compliance Assistant. This position is responsible to assist with the monitoring and adoption of amended internal compliance rules and external regulations. They will monitor the implementation, report and test to ensure compliance.

Job Outputs

Responsibilities include, but are not limited to the following:

• Assist in the development, maintenance and revision of policies and procedures.
• Ensure document management controls are in place to manage internal policies, procedures and guidelines.
• Assign alleged violations of rules, regulations, policies and procedures ensure timeous feedback and implementation of corrective actions.
• Ensure corrective actions based on internal and external audit findings are implemented.
• Investigate and resolve documentation of licensing and compliance issues.
• Monitoring of IIB Bank account for cash threshold deposits, suspicious transactions and terrorist funding and reporting of this to the IIB FIC Officer.
• Report on the compliance status for the IIB Board and provide feedback at MANCO.
• Identify, document and submit potential compliance vulnerability and risk areas.
• Ensure the annual review and training of RMCP and FICA policy.
• Ensure implementation of the TCF action plan and build file of evidence.
• Ensure the 4 Annual Declarations (TCF, Debarment, Fit and Proper, Conflict of Interest) are updated and all representatives and mandated representatives have signed the declarations and filed with Human Resources.
• Review, implement and report on the of Compliance Monitoring Plan at MANCO and IIB Board level.
• Register the debarment process at the FSCA.
• Draft the newsletter to create compliance awareness amongst employees.
• Provide amendments on a prescribed document to Moonstone to amend FSCA register.
• Provide input into compliance budget to line of business.
• Advise business partners of regulatory and compliance requirements.
• Identify, document and submit potential compliance vulnerability and risk areas and recommend corrective actions.
• Develop and test the effectiveness of the proposed mitigation plan(s).
• Attend FICA seminars and keep abreast with regulatory changes.

Requirements And Experience

• National Senior Certificate (Matric).
• Regulatory Exam for Representatives (RE5).
• Regulatory Exam for Key Individuals (RE1).
• FSCA recognized qualification on NQF level 5.
• 2 + years’ experience in Compliance functions within a Financial Services Provider.
• 2 years’ experience in overseeing and implementing regulatory changes.
• Code 8 (EB); Articulated motor vehicle licence (Manual transmission).

Knowledge And Skills

• Microsoft Office (Advanced Excel)
• Report writing
• Presentation Skills
• Risk Management
• Attention to detail
• Up to date knowledge of regulatory landscape within the financial sector
• Communication skills (Verbal and Written)
• Coping under pressure
• Conflict handling skills
• Problem solving skills