South Africa Job Openings
OUTsurance
Compliance Officer – OUTsurance Non-Life
Centurion
FULL TIME
October 14, 2024
Company Description
OUTsurance has been propelling the South African insurance industry forward for the last 26 years. As leaders in the field, we’re always looking for innovative ways to create digitally-advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of ‘fun’, this could be the career opportunity you’ve been looking for.
The successful candidate will carry out the day to day Compliance Risk Management duties to ensure the company, more specifically the Non-Life Insurance business, comply with regulatory requirements and internal policies.
What do you get OUT?
OUTsurance has been voted Top Employer South Africa since 2022. Our people vision is to be a great company to work for where you always get something OUT.
We offer our employees:
Job Description
Qualifications
Essential
Additional Information
An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Dynamic, Honest, Human, Passionate and Recognition.
In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.
OUTsurance has been propelling the South African insurance industry forward for the last 26 years. As leaders in the field, we’re always looking for innovative ways to create digitally-advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of ‘fun’, this could be the career opportunity you’ve been looking for.
The successful candidate will carry out the day to day Compliance Risk Management duties to ensure the company, more specifically the Non-Life Insurance business, comply with regulatory requirements and internal policies.
What do you get OUT?
OUTsurance has been voted Top Employer South Africa since 2022. Our people vision is to be a great company to work for where you always get something OUT.
We offer our employees:
- A winning, fun and inclusive company culture that embraces diversity.
- Great Rewards and Recognition programs.
- Benefits (Medical Aid, Pension fund, Group life and Disability benefits)
- Growth opportunities (we hire talent, train skill and promote values driven leaders from within)
- Wi-Fi on campus and Emergency Panic-Assist through the OUTsurance app
- Employee wellness programs: Free Counselling, Legal Advice and Financial Coaching for you and your members of household.
- A chance to give back (Staff Helping SA OUT volunteer program) and much more…
- Casual Dress Code
- Central office location with shuttles to and from the Gautrain station and Centurion Taxi Rank
- Onsite Clinic, Canteen, Carwash, Barber, Beauty Salon and Sports facilities
- Day care centre during public school holidays
- Maternity Expressing Rooms
- Prayer Rooms
Job Description
- Providing support and technical guidance on legislative compliance matters and to assist with the implementing, development and maintaining of the Compliance Risk Management Framework.
- Assist with ensuring that all regulatory and compliance risks are identified, managed, mitigated and reported on and that the Chief Risk Officer, the Internal Risk Committee, the Board Risk Committee and the Board are made aware of such risks.
- Analyse current and forthcoming regulations, proposals and legislation and provide meaningful, detailed analysis.
- Providing support and guidance to Management and Senior Management in responding to compliance matters and resolving queries.
- Ensure that the necessary compliance policies, frameworks, processes and procedures as well as compliance plans are executed on and continuously improved.
- Assist in compiling internal and external compliance reports.
- Assist in the recording of non-compliance matters identified and follow through on the agreed recommendations.
- Assist Management to influence proposed legislative changes and projects initiated by the regulators and industry bodies.
- Engage and attend workgroups with external stakeholders such as SAIA as well as with the Regulatory Authorities on a constant basis. The successful candidate will be expected to establish and maintain a good working relationship with these external stakeholders and Regulatory Authorities and to contribute meaningfully in these engagements.
- Relationship management and interaction with internal stakeholders. Collaborates with other departments (e.g. Risk Management, Internal Audit, Human Resources, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution.
- Assist in compiling and consolidating reports on compliance matters.
- Assist, monitor, guide and coach staff on Compliance matters.
- Communicate clearly and concisely.
- A team player with a flexible approach.
- Good people skills as well as being able to communicate well in all aspects of the company.
- Very strong interpersonal skills and the ability to build relationships.
- Problem-solving skills.
- A desire to learn and grow.
- Takes initiative and works under own direction.
- Upholds ethics and values and demonstrates high levels of integrity.
- Engage professionally.
- Methodically plans and organises tasks and projects.
- Works meticulously always demonstrating a very high level of attention to detail.
- Adapts and responds positively to change.
- The ability to multitask and handle stress.
- Strong MS Office skills.
Qualifications
Essential
- Legal degree.
- At least 3 years’ experience in compliance risk management, guidance and monitoring.
- Demonstrate a practical understanding of all legislation applicable to an insurance business, including Insurance and FAIS legislation as well as related products.
- Proficient in MS Office Suite.
- Business writing skills.
- Post Graduate Diploma in Compliance Management.
- FAIS Cat I Licensed Compliance Officer.
- Demonstrable relationships with key stakeholders at Regulatory Authorities and industry associations.
- Alignment to OUTsurance values (Awesome Service, Passionate, Honest, Human, Dynamic and Recognition).
- Personal drive and a positive attitude.
- Ability to be a self-starter and drive tasks to completion.
Additional Information
An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Dynamic, Honest, Human, Passionate and Recognition.
In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.
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