Compliance Officer

OUTsurance; Centurion; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

OUTsurance is seeking a Compliance Risk Manager to lead day-to-day compliance risk management activities, ensuring regulatory and internal policy adherence across the organisation. The role involves analyzing regulations, developing and maintaining the Compliance Risk Management Framework, reporting to risk committees and interacting with regulators and external stakeholders.

The ideal candidate has a law degree, 3+ years in compliance risk, and strong analytical, policy-writing and MS Office

Qualifications

• Law degree and reg-based compliance knowledge.
• At least 3 years’ experience in compliance risk management.
• Understanding of insurance regulatory frameworks and related products.
• Proficient in MS Office and business writing.

Responsibilities

• Provide support on legislative compliance matters and maintain the Compliance Risk Management Framework.
• Identify, manage, mitigate and report regulatory and compliance risks to CRO and boards.
• Analyse current and forthcoming regulations; provide detailed analyses.
• Guide management on compliance matters and resolve queries.
• Ensure compliance policies, processes and plans are executed and improved.
• Compile internal and external compliance reports and follow up on non-conformities.
• Engage with regulators and external stakeholders; maintain relationships.
• Collaborate with Risk Management, Internal Audit, HR and others to resolve issues.
• Coach staff on compliance matters and communicate clearly.

Skills

Analytical skills

Communication

Problem solving

Attention to detail

Education

Law degree

Postgraduate Diploma in Compliance Management

Tools

MS Office Suite

Job description

OUTsurance has been propelling the South African insurance industry forward for the last 28 years. As leaders in the field, we’re always looking for innovative ways to create digitally advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you're keen to grow your career in a vibrant environment with lots of 'fun', this could be the career opportunity you've been looking for.

The successful candidate will carry out the day to day Compliance Risk Management duties to ensure the company complies with regulatory requirements and internal policies.

Job Description

Key outputs

• Providing support and technical guidance on legislative compliance matters and to assist with the implementing, development and maintaining of the Compliance Risk Management Framework.
• Assist with ensuring that all regulatory and compliance risks are identified, managed, mitigated and reported on and that the Chief Risk Officer, the Internal Risk Committee, the Board Risk Committee and the Board are made aware of such risks.
• Analyse current and forthcoming regulations, proposals and legislation and provide meaningful, detailed analysis.
• Providing support and guidance to management and senior management in responding to compliance matters and resolving queries.
• Ensure that the necessary compliance policies, frameworks, processes and procedures as well as compliance plans are executed on and continuously improved.
• Assist in compiling internal and external compliance reports.
• Assist in the recording of non-compliance matters identified and follow through on the agreed recommendations.
• Assist management to influence proposed legislative changes and projects initiated by the regulators and industry bodies.
• Engage and attend workgroups with external stakeholders such as SAIA or ASISA as well as with the Regulatory Authorities on a constant basis. The successful candidate will be expected to establish and maintain a good working relationship with these external stakeholders and Regulatory Authorities and to contribute meaningfully in these engagements.
• Relationship management and interaction with internal stakeholders. Collaborates with other departments (e.g. Risk Management, Internal Audit, Human Resources, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution.
• Assist, monitor, guide and coach staff on compliance matters.
• Communicate clearly and concisely.
• A team player with a flexible approach.
• Good people skills as well as being able to communicate well in all aspects of the company.
• Very strong interpersonal skills and the ability to build relationships.
• Problem-solving skills.
• A desire to learn and grow.
• Takes initiative and works under own direction.
• Upholds ethics and values and demonstrates high levels of integrity.
• Engage professionally.
• Methodically plans and organises tasks and projects.
• Works meticulously always demonstrating a very high level of attention to detail.
• Adapts and responds positively to change.
• The ability to multitask and handle stress.

Qualifications

• Law degree.
• At least 3 years’ experience in compliance risk management, guidance and monitoring.
• Demonstrate a practical understanding of all legislation applicable to an insurance and a financial service provider business, as well as related products.
• Proficient in MS Office Suite.
• Business writing skills.

Advantageous Qualifications and experience

• Post Graduate Diploma in Compliance Management.
• FAIS Cat I Licensed Compliance Officer.
• Demonstrable relationships with key stakeholders at Regulatory Authorities and industry associations.

Evidence of

• Strong analytical skills and ability to identify compliance risks and trends.
• Alignment to OUTsurance values (Awesome Service, Passionate, Honest, Human, Dynamic and Recognition).
• Personal drive and a positive attitude.
• Ability to be a self-starter and drive tasks to completion.

Additional Information

At OUTsurance our value of HUMAN is more than just a poster on the wall. It’s a key part of our culture and we are committed to fostering an inclusive and diverse workplace that reflects the communities we serve. We actively encourage applications from persons with disabilities. In support of our Employment Equity objectives, we strive to create equal opportunities for all and also welcome candidates from designated groups who meet the role requirements.

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