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South Africa

Compliance Specialist (C5)

Company AVBOB
Reference # 101CSP02
Published 13/09/2021
Contract Type Permanent
Salary Market Related
Location Gauteng Area, Gauteng, South Africa
Introduction
AVBOB, Africa’s Largest Mutual Assurance Society Providing a One-Stop Funeral Insurance and Burial Solution, has a vacancy for Compliance Specialist
Job Functions Compliance & Regulatory Affairs,Finance,Funeral Service,Supervisor
Industries Financial Services,Funeral Service,Insurance
Specification
RESPONSIBILITIES INCLUDE:
Ensure that the Compliance Risk Management process is implemented across the Group.
Identify legislation that is applicable to AVBOB and ensures that all legislative and statutory requirements are minimized.
Assess the impact of legislative and regulatory key requirements of applicable laws in terms of probability and severity.
Ensure that recommendations are made to the Group in respect of complying with such legislation including the leading of operational projects to ensure compliance with specific legislation.
Plan and execute compliance monitoring activities timeously.
Monitor the efficiency and consistency of compliance controls.
Update the relevant compliance monitoring programs where necessary.
Undertake professional reviews of department’s compliance with legislation.
Report breaches of legislation to management for appropriate action.
Draft effective compliance risk management plans and compliance manuals.
Ensure that the compliance manuals are up to date and complete.
Ensure that annual targets and objectives are met.
Providing compliance training to relevant staff members.
Ensure that the Group stays abreast with changes to legislation.
Provide compliance advice as well as support to line management in the specific business units.
Train subordinates within the department.



Requirements
QUALIFICATION REQUIREMENTS FOR THIS POSITION:
Relevant bachelor’s degree – LLB or Bcom Law, or BA Law.
Postgraduate Diploma/Certificate in Compliance.
Approved Compliance officer.

EXPERIENCE REQUIRED FOR THE POSITION:
5 - 6 Years relevant experience in Compliance.
4 Years in a control environment.

KNOWLEDGE REQUIRED FOR THE POSITION:
Knowledge of the South African Regulatory Environment in the Financial services sector.
Specific knowledge of compliance risk management.
Relevant experience in the life insurance industry.
Specific knowledge of FAIS, LTIA, FICA, NCA, PPR.


SKILLS REQUIRED FOR THE POSITION:
Good verbal and written communication skills.
Assertiveness.
Problem solving skills.
Judgement and decision making.
Person must be able to function independently.
Job Closing Date 17/09/2021
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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