Compliance Specialist

FirstRand group; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial institution seeks a Compliance Advisor for its Life Governance team. The ideal candidate will ensure adherence to regulatory standards while providing compliance guidance and risk management. A background in life insurance and strong communication skills are critical for success in this role, which offers dynamic opportunities for professional growth.

Benefits

Opportunities to network and collaborate

Challenging working environment

Opportunities to innovate

Qualifications

• 5 years’ experience in end-to-end compliance function.
• In-depth knowledge of life insurance regulations.
• Strong understanding of the Insurance Act and related laws.

Responsibilities

• Provide compliance and legal support to the FirstRand Life business.
• Monitor compliance risk and enforce standards.
• Engage with regulators and stakeholders on compliance matters.

Skills

Compliance Support

Risk Management

Regulatory Change Management

Stakeholder Engagement

Education

Diploma in Compliance Management

RE1 Certification

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

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 FNB Life Governance Legal and Compliance team , 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 purpose is to assist the Head of Compliance to advise, guide, monitor and report on compliance with all legislation, standards and market conduct practices relevant to the Life Insurance business.

Are you someone who can :

• Provide Compliance and Legal support (not limited to guiding, advising, solutioning and monitoring) to the FirstRand Life business.
• Identify and manage compliance and legal risk.
• Provide assurance on the management of compliance risk to the Heads of Compliance.
• Monitor and enforce effective controls, governance and compliance standards.
• Promotes fair market conduct practices.
• Build and maintain relationships with internal and external stakeholders that promote cross delivery process and practice solutions.
• Anticipate and meet the needs and commit to continuous development and entrenchment of 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 possible impact of any regulatory developments on the operations of the business and work with the business with regard to compliance.
• Work with the Monitoring and Internal Audit teams to agree on monitoring plans, scope of work including reviewing completed audits and ensuring any recommendations made are implemented.
• Execute the regulatory breach management process including identification, analysis and resolution steps.
• Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
• Create awareness within business regarding new compliance requirements or provide guidance on potential impact of compliance requirements.
• Support the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and / or procedures.
• Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry or supervisory bodies.

You will be an ideal candidate if you possess :

• Diploma in Compliance management will be advantageous
• RE1.
• Minimum 5 years’ experience in an end-to-end compliance function with in dept knowledge of the life insurance business including distribution.
• Must have a strong understanding and application including but not limited to the Insurance Act, Long term Insurance Act, Policyholder Protection Rules, Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act.

You will have access to :

• 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 are 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. 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.

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

02 / 07 / 25

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.