Are you passionate about compliance and ensuring businesses adhere to industry regulations? We are looking for a dedicated Senior Compliance Specialist, FAIS and Insurance to join our team. In this role, you will be instrumental in developing and implementing procedures that align with FAIS and Insurance regulations, helping our business units meet compliance requirements.
Our client is looking to employ as a Senior Compliance Specialist: Fais and Insurance
POSITION
Senior Compliance Specialist: Fais and Insurance
LOCATION
La Lucia, Durban
SALARY
R600 000 per annum
RESPONSIBILITIES
Developing, implementing and managing Group compliance program:
- Assist and support the development of Group Compliance Function
- Participation in the drafting/ implementation of compliance frameworks, policies, manuals, and technical guidelines
- Assist and support the Group Compliance Function for the group and ensuring that compliance risks are appropriately monitored /managed client
- Ensure that group adhere to the Governance and Operational Standards for Insurers
- Ensure compliance with the various legislative requirements such as Insurance Act and PPR’s/Policyholder Protection Rules / Regulations from a Life / Insurance perspective
- Ensure overall compliance with the FAIS Act
Relationship with the relevant regulatory
- Assist and implement processes around statutory registrations with regulatory bodie/ drafting of business/compliance process descriptions for regulatory registrations
- Attend to the completion of regulatory returns such as the conduct of business returns
- Assist with handling of complaints from regulators, supervisory bodies, ombud
- Input to complaints handling policies
Creating and coordinating proper reporting channels for compliance issues
- Ensure CPD requirements are met /updated Fit & Proper Competence register includes CPD Register and attend to queries, Central Representative Register is updated.
- Changes of Profiles with the FSCA/monthly call audits
- Updating and Monitoring adherence to the Business Continuity plans.
- Attend to establishing and maintaining a document library containing relevant version trackers and copies of policies and process documents.
Training and awareness (Coordinating and scheduling required compliance training for staff.
- Cultivating a compliance training culture
- Advise the relevant business unit management on latest trends withing the compliance environment
- Prepare presentations to relevant business units on compliance
- Aligned values and self-development
MINIMUM REQUIREMENTS:
- Matric is a must!
- Relevant 3-4 year qualification consisting of Legal or finance.
- LLB plus a relevant Compliance Management Certificate preferred
- RE 1 and RE5 will be an advantage
- 5 to 7 years’ experience in a Legal/Insurance, and strong knowledge of regulatory compliance guidelines and standards within a financial services sector
APPLICATION
Applications can be sent to marchelle.carelse@kelly.co.za