The FSCA's mandate is to enhance the efficiency and integrity of financial markets; promote fair customer treatment by financial institutions; provide financial education and promote financial literacy; and assist in maintaining financial stability in South Africa.
This is in line with the Twin Peaks model of financial sector regulations, as envisioned in...
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To monitor compliance with insurance legislation, to conduct investigations relating to insurance business and to ensure a sound and efficient insurance industry. The person appointed to this position will report to the Manager.
Key Performance Areas:
Liaise with the public and other stakeholders when receiving complaints or enquiries;
Investigate complaints and enquires within the required departmental turnaround times;
Monitor compliance with legislation to ensure the protection and fair treatment of policyholders;
Participate in on-site inspections to insurers to establish compliance with insurance legislation; best practice and market conduct related issues;
Manage relationships with insurers assigned in the portfolio;
Perform administrative and other activities relating to the regulatory framework as may be required; and
Assist the department with projects that the department is working on.
Other Key Competencies:
The candidate must demonstrate the following skills and attributes: A high level of judgement and a confident and decisive approach; problem analysis, information gathering, communication skills, good interpersonal skills and emotional intelligence, customer relations and persuasiveness skills and must be computer literate.
Requirements
A B. Com or law degree with at least 3-5 years relevant work experience in the insurance industry. Sound knowledge and understanding of the Insurance Acts and the insurance industry related operational requirements are essential. A Compliance and/or Risk Management background is needed.
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