Compliance Manager in Short-Term Insurance

Duties and Responsibilities:

• Establish and maintain the compliance management framework.
• Develop and execute compliance risk management and monitoring plans.
• Conduct compliance reviews, testing, and file sampling.
• Manage regional compliance functions and external compliance providers.
• Assist business units in mitigating compliance risks.
• Perform SOP compliance testing and track corrective actions.
• Draft, implement, and maintain compliance policies.
• Deliver compliance training and regulatory awareness programmes.
• Guide compliance-related queries.
• Promote a strong, customer-centric compliance culture.
• Monitor business practices for compliance risks and potential customer harm.
• Escalate compliance and conduct concerns where required.

Requirements:

• Sectors: Insurance
• Functions: Compliance
• Qualification Types: Certificates/Certification, Post Graduate Degrees, Under Graduate Degrees
• Qualifications: RE 5, Certificate in Compliance Management NQF 7, Class of Business - Personal Lines, Class of Business Commercial Lines, B Com (Compliance & Risk Management), Advanced Certificate in Introduction to Compliance, B Com (Law), Certificate in Anti-Money Laundering Control, LLB
• Skills: 
   
  • 3-5 years' compliance experience within the financial services industry, preferably in an FSP environment.
   
  • Strong compliance risk management and regulatory monitoring expertise.
   
  • Sound knowledge of South African financial services legislation and regulatory requirements.
   
  • Experience conducting compliance reviews, audits, and control testing.
   
  • Proven ability to develop and implement compliance frameworks, policies, and procedures.
   
  • Knowledge of regulatory examinations and competency requirements applicable to FSP licences.
   
  • Experience in compliance reporting, risk assessment, and remediation tracking.
   
  • Strong stakeholder management and advisory skills.
   
  • Experience implementing and maintaining governance frameworks.
   
  • Excellent analytical, problem-solving, and communication skills.