Compliance Intern | Cape Town

Cofi Compliance; Cape Town; On-site; ZAR 67,000 - 134,000; Part time

Job summary

Cofi Compliance is seeking a Compliance Intern to support regulatory adherence within our Compliance Unit in Cape Town. You will assist in monitoring FAIS, PPR, POPIA, FICA, and the Insurance Act, and help develop risk-based monitoring plans.

You will work under the Compliance Officer, gain exposure to regulatory reviews and trainings, and contribute to documenting findings and improving policies. A relevant qualification and MS Office skills are required.

Qualifications

• LLB, Risk Management, or BCom qualification.
• Compliance Management Certificate or Postgraduate Diploma in Compliance (preferred).
• Solid understanding of financial services legislation.
• Proficiency in MS Office with strong reporting skills.

Responsibilities

• Assist in fostering a culture of compliance under the guidance of the Compliance Officer.
• Support compliance with relevant laws and regulations impacting insurers and financial services providers, focusing on FAIS, PPR, POPIA, FICA, and the Insurance Act.
• Contribute to the development of risk-based Monitoring Plans.
• Take ownership of Compliance Monitoring activities.
• Manage changes in FAIS profiles and report on compliance levels.
• Present findings and engage effectively with management.
• Maintain the Noncompliance Register and support ad hoc compliance initiatives.
• Assist in regulatory reviews, inspections, and investigations.
• Contribute to compliance awareness and training initiatives.
• Review and help develop relevant policies.
• Assist the Head of Compliance in monitoring industry developments and emerging legislation.
• Report on new laws and their impact on our operations, ensuring awareness and understanding.

Skills

MS Office

Reporting skills

Communication skills

Team player

Education

LLB

Risk Management

BCom

Job description

Responsibilities

Join our clients dynamic Compliance Unit as a Compliance Intern, where you will play a crucial role in ensuring our adherence to regulatory requirements, best practice guidelines, and internal policies. Duties and Responsibilities:

• Assist in fostering a culture of compliance under the guidance of the Compliance Officer.
• Support compliance with relevant laws and regulations impacting insurers and financial services providers, focusing on FAIS, PPR, POPIA, FICA, and the Insurance Act.
• Contribute to the development of risk-based Monitoring Plans.
• Take ownership of Compliance Monitoring activities.
• Manage changes in FAIS profiles and report on compliance levels.
• Present findings and engage effectively with management.
• Maintain the Noncompliance Register and support ad hoc compliance initiatives.
• Assist in regulatory reviews, inspections, and investigations.
• Contribute to compliance awareness and training initiatives.
• Review and help develop relevant policies.
• Assist the Head of Compliance in monitoring industry developments and emerging legislation.
• Report on new laws and their impact on our operations, ensuring awareness and understanding.

Experience And Qualifications

• LLB, Risk Management, or BCom qualification.
• Compliance Management Certificate or Postgraduate Diploma in Compliance (preferred).
• 1 year of compliance experience (advantageous).
• Solid understanding of financial services legislation.
• Proficiency in MS Office with strong reporting skills.

Competencies

• Excellent communication skills, both verbal and written.
• Team player with a flexible approach to work.
• Strong problem-solving abilities and a proactive attitude.
• Eagerness to learn and develop professionally.
• Demonstrates integrity and ethical behavior.
• Diligent with keen attention to detail.
• Ability to perform under pressure and work independently when required.
• Effective self-management skills.