We’ve got a position available for a compliance officer

Company: King Price

Purpose of position:

Assisting the compliance function with assessing and monitoring the company’s operational departments to ensure it is conducting its business in compliance with applicable laws and regulations pertaining to the financial services industry

Responsibilities:

Compliance monitoring and reporting

• Assisting with the monitoring of FAIS compliance by all key individuals and representatives and ensuring that relevant changes are communicated to the FSCA
• Developing, maintaining, and reviewing policies and procedures for the general operation of the company’s standards of conduct
• Compiling of meaningful monitoring reports and ensuring the timeous escalation of compliance risks and incidents
• Pro-actively identifying existing and potential control deficiencies and exposures from ongoing monitoring reviews
• Ensuring that all monitoring of routine procedures address the changing needs of the business
• Providing general guidance on how to avoid and mitigate potential compliance risks and implementing action plans
• Submission of regulatory returns and information requests to regulatory bodies as and when required

Compliance awareness

• Maintaining expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
• Conducting risk and compliance management awareness programmes within the company
• Promoting a culture that emphasises and demonstrates the importance of internal controls and risk by pointing out the implications of non-compliance

General

• Developing, leading and/or participating in staff compliance training
• Compiling a compliance report for the risk and compliance committee based on information obtained, and submit same to the Compliance Manager and/or the Head of Compliance for review and finalisation
• Dealing with regulatory enquiries and liaising with regulatory bodies as and when required

Requirements:

• Minimum 2 years’ experience in a compliance related role with in-depth knowledge of the non-life insurance industry, control environment and applicable legislation (i.e., Insurance Act, Short-term Insurance Act, FAIS Act, POPIA, COFI Bill)
• A relevant legal / compliance qualification
• Relevant fit and proper requirements must be in respect of honesty, integrity and competence
• RE1
• RE5 (advantageous)  

Skills and Attributes:

• Ability to identify compliance risks and make recommendations
• Attention to detail and meticulous accuracy is essential
• Ability to professionally communicate with various levels of staff and management
• Willingness to work under supervision (if not already licensed / registered as a Compliance Officer with the FSCA)

Should you not receive any feedback within ten (10) working days after the closing date, please accept your application as unsuccessful.