Compliance Specialist

FirstRand Bank Limited; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Opportunities to network andCollaborat

Challenging and agile work environment

Innovative initiatives and end-to-end"

Job summary

FirstRand Bank Limited is seeking a Compliance Specialist to provide robust regulatory compliance advice and support within the FR Life Assurance segment. You will monitor processes, design controls, and ensure alignment with compliance standards while partnering with business units to mitigate risk and drive effective governance.

The role requires deep knowledge of applicable regulatory requirements and a proactive approach to maintaining an effective control environment.

Qualifications

• 3+ years in regulatory/compliance roles, preferably in cell captive insurer.
• Legal qualification or BCom with relevant coursework.
• Experience with compliance governance and regulatory frameworks.

Responsibilities

• Advise on design and building of compliant business processes and controls.
• Ensure implementation of governance, policies and standards across the business.
• Ensure compliance with statutory, legislative, policy and governance requirements.
• Review audit findings and changes to ensure adequate controls.
• Develop risk understanding and monitoring across the business.
• Prepare reports highlighting findings, issues and remediation items.

Skills

Compliance knowledge

Risk management

Stakeholder engagement

Education

Relevant legal qualification or BCom

Job description

Job Description: To provide robust regulatory compliance advice, guidance, and support by monitoring processes and related controls in accordance with compliance methodology and minimum standards Hello Future, Compliance Specialist, Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Key Responsibilities

• Work with First line, in a hands-on capacity, to advise on the design and building of business processes and controls that will be adequate to meet applicable compliance requirements
• Ensure implementation of relevant policies, governance and practice standards across the business.
• Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability
• Ensure compliance is adopted in terms of systems and procedures as laid out by organization and review in response to audit findings and changes
• Develops an understanding of risks and risk management approaches
• Create reports summarizing major findings, issues and outstanding remediation items, identify risks and controls
• Identify, control and elevate potential risks that may lead to increased costs
• The development and implementation of compliance related campaigns in order to create awareness of the importance of compliance as well providing staff and business with knowledge and skills related to compliance
• Utilize root cause analysis to understand issues across the business and monitor reviews, conduct trend analysis and determine in a specific business
• Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in
• Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability
• Research, enable and consult on improvements and opportunities to harness technology and platform enablement
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimize redundancy
• Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks
• Educates others and makes suggestions for improvements
• Networks and participates in specialist risk forums where required
• Ensure that the business is educated on the regulatory landscape by creating awareness around compliance implication of daily duties
• Advise business of changes in regulation and identify potential impact of these changes on the business
• Monitor and ensure business committees operate according to required business governance standards through regular engagement
• Provide regulatory support and expertise in the formulation and completion of compliance risk and control assessments (CRA's)
• Ensure that compliance risk is adequately identified and in so doing, guide the business in terms of addressing such risk
• Guide business to ensure that business policies contain the right content addressing legislative requirements thereby working toward an effective and adequate control environment
• Influence the enhancement of business processes and methodologies specific to the area
• Support and empower the Group to prevent compliance breaches and reputational risk from occurring, which could result in financial penalties
• Engage with stakeholders on findings of compliance risk and control assessments to ensure action plans adhere to regulatory standards
• Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
• Participate in specialist communities of practice and contribute positively to own and organizational knowledge improvement
• Assess own performance against competencies and skills required delivery
• Identify development needs and select effective solutions to address own development need
• Prepare a personal development plan with management to implement and review as required
• Monitor own progress against development plan and measure impact of results

Key Requirements

• Minimum of 3 years of experience, working in a cell captive insurer, and in depth understanding of the compliance requirements that are applicable to cell captive insurers
• Relevant legal qualification or BCom Qualification
• Risk management (advantageous)
• Minimum 5 years’ experience in an end-to-end compliance function with in dept knowledge of the applicable legislative requirements

Benefits and Opportunities

• Opportunities to network and collaborate
• A challenging working environment that is progressive and agile
• Opportunities to innovate where initiative is taken and owned end to end

Ideal Candidate Traits

• Adaptable and curious
• Have a proven successful track record.
• Thrive in a collaborative environment.
• Detail-oriented
• Proactive and accountable
• Calm under pressure
• Collaborative mindset
• Flexible and adaptable in a dynamic work environment

Important Closing Date Note

Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 25/09/26

All appointments will be made in line with FirstRand Group's Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

#post #fnb #LI-AW1

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group's track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.