Compliance Manager

Guardrisk Group; Gauteng; On-site; ZAR 750 000 - 950 000; Full time

Job summary

A leading insurance firm in Gauteng is seeking a Compliance Manager to oversee the compliance monitoring programme. This role involves developing policies, managing compliance operations, and ensuring adherence to regulatory frameworks. The ideal candidate should have robust experience in insurance compliance, along with relevant qualifications. This position is crucial for maintaining a culture of compliance within the organization.

Qualifications

• 5 to 7 years of insurance compliance experience, including 2 years in management.
• In-depth knowledge of insurance regulatory frameworks.
• Experience with Anti-Money Laundering legislation.

Responsibilities

• Develop and revise policies for the Compliance Function.
• Manage daily operations of the Compliance Function.
• Build relationships to direct compliance issues.

Skills

Insurance compliance experience

Knowledge of Companies Act

Knowledge of Financial Advisory and Intermediary Services Act

Analytical skills for government policy

Education

BCom General / Law or LLB

Compliance Management Certificate

Job description

Overview

Guardrisk is seeking a Compliance Manager to lead the development and oversight of our Compliance monitoring programme.

Role Purpose

The Compliance Manager will drive the monitoring and oversight programme, report Compliance results for group licences, ensure policies and procedures are followed and cultivate a strong compliance culture within our group.

Qualifications

• BCom General / Law or LLB
• Compliance Management Certificate from the Compliance Institute or equivalent
• 5 to 7 years of insurance compliance experience, including 2 years in a management role specialising in insurance compliance.
• In-depth knowledge of the Companies Act, Financial Advisory and Intermediary Services Act, Insurance Act, and short-term / long-term insurance regulatory framework.
• Knowledge of the Financial Intelligence Centre Act, Anti-Money Laundering legislation, and operational risk exposure is an advantage.
• Experience analysing new government policy and its impact on the organisation.

Duties & Responsibilities

• Develop, initiate, maintain and revise policies and procedures for the Compliance Function.
• Manage day-to-day operations of the Compliance Function.
• Periodically review and update Codes of Conduct.
• Build relationships with stakeholders, industry associations and business areas to direct compliance issues for investigative resolution.
• Consult with legal and risk departments to resolve complex legal compliance issues.
• Respond to alleged contraventions and recommend investigative procedures.
• Oversee a system for uniform handling of violations.
• Act as an independent review body to ensure compliance issues are appropriately evaluated.
• Identify potential areas of compliance vulnerability and risk.
• Develop and implement corrective action plans.
• Provide guidance to avoid recurring breaches.
• Ensure proper reporting of violations.
• Maintain an effective compliance communication and training programme.
• Monitor the performance of the Compliance Function and take steps to improve its effectiveness.

Competencies

• Business Acumen, Collaboration, Client / Stakeholder Commitment, Impact and Influence, Results & Solutions Focused, Networking, Leads Change and Innovation, Diversity and Inclusiveness.