Compliance Specialist - COID (6 months contract)

Introduction: As the Compliance Specialist, you will be reporting to the Risk & Compliance Manager. You will be responsible for performing periodic compliance monitoring reviews to identify issues of non-compliance. Description: THE JOB AT A GLANCE As the Compliance Specialist, you will be reporting to the Risk & Compliance Manager. You will be responsible for performing periodic compliance monitoring reviews to identify issues of non-compliance. The outcome of monitoring reviews will assist the business unit to identify areas of non-compliance and improvement and aid the business unit in executing its responsibility to comply with all regulatory codes and legislative requirements. You will also be required to ensure that the business is operating within the prescribed legal and regulatory frameworks by facilitating and periodically monitoring compliance with internal policies and procedures embedded within the company via manual and electronic formats. WHAT WILL YOU DO? Performing periodic compliance monitoring reviews Plan and execute compliance monitoring activities timeously Complete online reviews for each business unit Interact quarterly with stakeholders in each business unit gathering information Execute the monitoring plan as allocated by the Manager Business unit compliance report Implement an organization-wide reporting procedure to ensure compliance with the reporting responsibilities as required by the Regulator(s) Analyze, collate and interpret organization-wide compliance reports Submit detailed and summarized reports on areas covered, findings and appropriate recommendations for improvement to management and other Board-Sub Committees Conduct independent compliance monitoring e.g., Control Adequacy Assessments and Control Effectiveness Assessments / testing, special reviews and risk indicator monitoring via the compliance software system Monitor new regulatory developments and assist with interpreting regulatory requirements for impact assessments. Identify areas of non-compliance and improvement Provide each business unit with their compliance report highlighting areas of non-conformance Agree deadlines/responsibilities and required improvement Update Combined Assurance Findings Tracking document to monitor progress on a monthly basis, to track findings closure. Ensuring compliance with all regulatory codes and legislative requirements Monitor the efficiency and consistency of compliance controls Consolidating business unit reports to reflect companywide compliance Consolidating tracking documents and progress report: Company report Company tracking document Stakeholder relationship management and training Facilitate resolution of compliance breaches Provide ongoing guidance and advice to Divisions / Departments Assist with the training of staff on compliance related matters and review of training programme. Promote compliance awareness and participate in initiatives to enhance the RMA compliance culture. WHAT WILL YOU GET IN RETURN? We offer great opportunities for personal and professional development in a stable company that is 131 years strong. The role comes with a competitive salary package and various benefits. Furthermore, you will be part of a dedicated group of colleagues who value teamwork and collaboration. Turnaround time The shortlisting process will only start once the advert due date has been reached. The time taken to complete this process will depend on how far you progress within the recruitment process and the availability of our managers. Kindly note that should you not receive a response within 21 days, please consider your application unsuccessful. Our Commitment to transformation: In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups. Requirements: WHAT YOU'LL BRING TO THE TABLE? Grade 12 qualification/Matric Certificate (Essential) Relevant business-related degree, with an accompanying Compliance related qualification (Essential) B. Com Law / LLB (Advantageous) Registered as a Member with the CISA (Essential) FSCA Regulatory Exam (RE1) (Advantageous) 5-7 years experience working in a compliance environment Good working knowledge of the GACP will be an added advantage Practical knowledge of applicable insurance and related legislation will be an added advantage Ability to interface with Regulators Functional Knowledge of COIDA Excellent verbal communication and writing skills Ability to work under pressure and meet deadlines Good presentation skills and ability to interact with senior management Experience in compiling compliance reports and regulatory submissions Professional Compliance Designations i.e., AML CPRAC(SA) or CPRAC(SA) an advantage.