Compliance Specialist

Rmb Nigeria Limited; Johannesburg; On-site; ZAR 450,000 - 600,000; Full time

Job summary

Join a leading organization as a Compliance Specialist, where you'll provide regulatory compliance guidance and support. Your role involves monitoring compliance with legislation specific to the life insurance sector, managing compliance risks, and ensuring effective governance practices. This pivotal position offers a chance to drive change and make an impact in a collaborative environment.

Benefits

Opportunities to network and collaborate

Challenging working environment

Innovation opportunities

Qualifications

• At least 5 years' experience in compliance within the life insurance industry.
• Strong knowledge of relevant legislation (Insurance Act, Long-term Insurance Act, etc.).
• Proven ability to manage compliance risks.

Responsibilities

• Provide compliance advice and monitor regulatory compliance.
• Identify and manage legal risks, assuring compliance with regulations.
• Engage with regulators and support compliance strategies.

Skills

Compliance Monitoring

Risk Management

Stakeholder Engagement

Regulatory Compliance

Education

Relevant legal qualification

Diploma in Compliance Management

RE1 certification

Job description

Time left to apply : End Date : July 2, (3 days left to apply) Job requisition id : R

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 the people who make it happen.

As part of our team in FNB Life Governance Legal and Compliance, 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.

The role's purpose is to assist the Head of Compliance in advising, guiding, monitoring, and reporting on compliance with all relevant legislation, standards, and market conduct practices related to the Life Insurance business.

You should be able to:

• Provide Compliance and Legal support (guiding, advising, solutioning, and monitoring) to the FirstRand Life business.
• Identify and manage compliance and legal risks.
• Provide assurance on the management of compliance risks to the Heads of Compliance.
• Monitor and enforce effective controls, governance, and compliance standards.
• Promote fair market conduct practices.
• Build and maintain relationships with internal and external stakeholders to promote cross-delivery process and practice solutions.
• Anticipate and meet needs, with a commitment to continuous development and fostering a client-centric culture.
• Drive regulatory change management and implementation.
• Provide regulatory risk reporting.
• Engage with applicable Regulators.
• Ensure the development and implementation of integrated corporate governance, compliance, integrity, and ethics frameworks.
• Assess the impact of regulatory developments on business operations and collaborate on compliance strategies.
• Work with Monitoring and Internal Audit teams on monitoring plans, review audits, and ensure recommendations are implemented.
• Manage regulatory breaches through identification, analysis, and resolution.
• Contribute to statutory projects relevant to the business and monitor their progress.
• Create awareness of new compliance requirements and provide guidance on potential impacts.
• Support stakeholders in identifying compliance risks or weaknesses for mitigation.
• Prepare documentation for statutory applications to regulatory and industry bodies.

You will be an ideal candidate if you possess:

• Relevant legal qualification.
• Diploma in Compliance Management (advantageous).
• RE1 certification.
• Minimum of 5 years' experience in an end-to-end compliance function with in-depth knowledge of the life insurance industry, including distribution.
• Strong understanding of the Insurance Act, Long-term Insurance Act, Policyholder Protection Rules, Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act.

What we offer:

• Opportunities to network and collaborate.
• A challenging working environment.
• Opportunities to innovate.

We can be a match if you are:

• Adaptable and curious.
• Thrive in a collaborative and fast-paced environment.

Apply now if you're interested in taking the next step.

We look forward to engaging with you!

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.

This information will be kept confidential unless legally required to disclose.

Job Details Note : Applications will not be accepted after July 2.

Please submit your application before the deadline.

02 / 07 / 25 - Introduce yourself to our recruiters, and we will contact you if there's a suitable role.

For queries, please log via MyQ.

About Us: FNB offers life and short-term insurance, innovative savings and investment products, and a digital universe of solutions.

Recognized globally, FNB has won multiple awards, including the Strongest Banking Brand in the World.

We provide opportunities to build an exciting and rewarding career, especially if you want to make a positive impact on people's lives.

J Ljbffr

Create a job alert for this search

Compliance Specialist • Johannesburg, Gauteng