Legal, Risk and Compliance Officer | Durban

SUMMARY:
Legal, Risk and Compliance Officer | Durban

POSITION INFO:

Responsibilities

• Drafting official documents and agreements which includes but is not limited to, letters of demand, agency agreements, new contracts and contract addendums 

• Conduct investigations on regulatory developments

• Ensuring all employees and the company are compliant with the Financial Advisory and Intermediary Services Act and Financial Intelligence Centre Act 

• Communicating with Insurers regarding any regulatory or legal queries

• Conducting and compiling external Insurer audits

• Renewal of all company financial lines insurances and licenses 

• Develop and implement compliance framework

• Prepare risk management reports

• Amending and update compliance documentation and statutory disclosure notifications

• Quality assurance of renewal procedure

• Responsible for FICA and FAIS reporting and monitoring

• Prepare internal compliance monitoring reports and calculate monthly compliance scores

• Review internal claims and underwriting correspondence in accordance with legislative requirements

• Monitoring ESG compliance

• Review an monitoring of company’s complaints and complaints resolution procedure

Minimum Requirements

• LLB degree or similar

• Regulatory qualification

• Minimum 5 years’ experience in compliance or risk management within the insurance industry