Compliance Guidance Officer (Senior) - Sandton at Discovery Limited

Key Purpose

The Insurance (non-life) Compliance sub-pillar within Product Compliance is looking for a great person to join the team as a Compliance Guidance Officer to assist Discovery Insure to effectively and productively manage its responsibility to comply with all the regulatory requirements and minimise the compliance risks identified in business.

In addition to the above, the role also requires engagement with the regulatory bodies from time to time.

Areas of responsibility may include but not limited to

• Assist management to define, set and manage compliance framework, policies and standards specific to the function.
• Facilitate compliance and provision of guidance on applicable policies and strategic objectives by using risk management principles.
• Provide strategic guidance and support on all regulatory matters.
• Compliance monitoring of the applicable business unit compliance functions and assurance across the business units.
• Input into monthly and quarterly compliance reports.
• Regulatory training and awareness with the Compliance training team.
• Assist management with identification and evaluation of compliance exposures/regulatory breaches.
• Keep incident and breaches register up to date.
• Assist with regulatory reporting, requests and queries.
• Ensure that team annual objectives are met.
• Monitor the efficiency and consistency of compliance controls and compliance measures.
• Monitor the efficiency and consistency of oversight arrangements.
• Update the relevant compliance monitoring programs where necessary.

Provide reports to management.

Role Specific Competencies

• Understands non-life or short-term insurance business models and risk.
• Writes in a well- structured and logical way.
• Ability to write and review compliance policies and compliance guidance notes.
• Strong listening, organisational and communication skills.
• Work independently and as part of a team when required.
• Support management in achievement of team objectives.
• Efficient time management skills, including quick turnaround time on work.
• Attention to detail.
• Focus on implementation and aligning the law to a business model.
• Able to work under pressure.
• Legislative Knowledge and interpretation.
• The ability to think in an Analytical and Conceptual manner.

Personal Attributes and Skills

• Focused
• Organised
• Proactive
• Perceptive
• Analytical
• Trustworthy
• Excellent Interpersonal skills
• Team player

Education and Experience

• Completed LLB or relevant tertiary qualification.
• Post-graduate qualification in compliance management (advantageous).
• Must have a clear and in-depth understanding of the Short-term Insurance Act and subordinate legislation.
• At least 3 to 5 years’ experience within a compliance environment with a focus on non-life or short-term insurance.
• Understanding of the financial services and insurance industry essential.