Compliance Officer OUTsurance Insurance (Non-Life) Full-time Job

Compliance Officer OUTsurance Insurance (Non-Life)

• Centurion, South Africa
• Full-time
• FAIS: Non-Financial Advice Giving Role
• Skillset: COMPLIANCE OFFICER

Company Description

OUTsurance has been propelling the South African insurance industry forward for the last 25 years. As leaders in the field, were 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 youre keen to grow your career in a vibrant environment with lots of friendly gees, this could be the career opportunity youve 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 (OUTsurance Insurance), complies with regulatory requirements and internal policies.

Job Description

Key output

• 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 Risk Committee, the Audit, Risk and Compliance 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 and 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 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. Consults with the Law Firm as needed to resolve difficult legal compliance issues.
• Assist in compiling and consolidating reports on compliance matters.
• Assist, monitor, guide and coach staff on compliance matters.

Competencies

• 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 to find solutions.
• A desire to learn and grow.
• Takes initiative and works under own direction.
• Upholds ethics and values and demonstrates high levels of integrity.
• Engages 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

• Degree in Legal or Auditing
• Minimum 3 years experience in regulatory risk management or similar role,
• Experience in advisory services, legal firm practice or similar role
• Demonstrate a practical understanding of insurance legislation and related products
• Proficient in MS Office Suite

Advantageous Qualifications and experience

• Certificate in Compliance Management or Post Graduate Diploma in Compliance Management will be advantageous

Additional Information

Evidence of

• 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
• Legal interpretation and application to facts

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 pioneered the concept of money back for remaining claim-free! Since then weve paid out over R3 billion in cash OUTbonuses and saved consumers hundreds of millions of rands in premiums. outsurance careers
Today OUTsurance is renowned for its innovative value-for-money products, world-class service and paying over R1m per day in OUTbonuses on average. Our journey of innovation continues so watch OUT.