Posted on :
5 Aug, 2021
5 Aug, 2021
The above-mentioned position is within the Alternative Distribution Support Department.
Job Title: Business Unit Compliance Officer (C1)
Location: Pretoria, Gauteng, South Africa
Reference #: 118BUCO01
Contract Type: Permanent
•Assist with the implementation and maintenance of the Compliance Risk Management process within the confines of the Alternative Distribution business unit.
•Monitor the applicable legislative and statutory requirements for the business unit.
•Review the Call Centre scripts in line with legislative compliance requirements.
•Recommend to the Manager, adjustments in line with legislation compliance requirements for Alternative Distribution.
•Review broker contracting and accreditation processes on a weekly to monthly basis to ensure fraud risk is addressed by recommending solutions to the manager that will eliminate and manage the risks.
oBroker Area Managers and Broker Consultants on applicable legislation and fraud prevention best practices.
oArea Managers on Key Individual responsibilities and develop a quarterly review plan and dashboard for the Managers to use to assess broker quality management.
•Check that the proposed new Group Schemes comply with applicable legislation check list and report findings to the Manager.
•Recommend compliance controls in the Broker Area Offices and Group Scheme Offices after which the controls will be monitored on a monthly basis.
•Report breaches of legislation to the Manager for appropriate action.
•Support Area Managers in the specific business units in relation to new broker contracting, new business applications processing and quality management.
•Provide support to Broker Consultants managing sole proprietor brokerages with compliance related matters.
QUALIFICATION REQUIRED FOR THE POSITION:
•Relevant Diploma or Degree.
EXPERIENCE REQUIRED FOR THE POSITION:
•3 Years’ relevant experience in Compliance.
•Knowledge of 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, LITA, FICA, NCA, PPR
COMPETENCIES REQUIRED FOR THE POSITION:
•Verbal and written communication skills.
•Problem solving skills.
•Attention to detail.
•Ability to function independently.
Application Deadline: 11/08/2021