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  • Posted: Nov 7, 2019
    Deadline: Not specified
  • OUTsurance took the direct short-term insurance industry by storm when it launched in February 1998. Built on the principle that 'you always get something out', OUTsurance clients receive a cash OUTbonus - the first reward system in South Africa to return cash to clients who remain claim free. To date, we've already paid out more than R2.4 bil...
    Read more about this company

    Compliance Officer Company Name OUTsurance

    The successful candidate will carry out the day to day Compliance Risk Management duties to ensure the company, more specifically the Long Term Insurance business (OUTsurance Life), complies with regulatory requirements and internal policies.

    Minimum Qualifications and Experience

    • Degree in Compliance or Legal.
    • 2 - 4 years’ experience in compliance guidance and monitoring.
    • Demonstrate a practical understanding of the Long Term Insurance legislation.
    • FAIS Licensed Compliance Officer or able to be registered
    • Experience in the Long Term Insurance Industry
    • Post Graduate Diploma in Compliance Management will be advantageous

    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, ASISA as well as with the Regulator on a constant basis. The successful candidate will be expected to establish and maintain a good working relationship with these external stakeholders and Regulator 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.


    • 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 for any unsafe conditions in the workplace.
    • 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.

    Method of Application

    Interested and qualified? Go to OUTsurance on to apply
  • Send your application

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