JUNIOR COMPLIANCE ADMINISTRATOR

Description:

Matric, Degree at NQF level 6 or Higher
Knowledge of FAIS, BEE, FICA, SHORT TERM INSURANCE ACT and Compliance Institute if Southern Africa compliance training/courses and other relevant legislation, regulations and rules that may be needed from time to time.
RE 1 if not already in place. Report writing and business activity monitoring.
Minimum 3 years relevant work experience in short term insurance/ financial services, Compliance or Legal work.
COMPETENCIES REQUIRED TO PERFORM OUTPUTS:
Results oriented Commitment Customer Driven Continuous Learning Assertiveness Honesty, Integrity & Ethical Behaviour Flexible & Adaptable to change Strategic thinking (proactive / ability to use initiative / innovation) Ability to function independently and under pressure Team player Goal oriented Excellent Communication skills High attention to detail
Coordinate and Monitor Compliance:
Develop, initiate, maintain, and revise policies and procedures: periodically review and update SOP to ensure continuing currency and relevance Provide objective view of company policies and procedures in relation to current regulatory requirements Maintain compliance procedures and manual Work together with department heads to create internal controls and monitor adherence to them Ensure operations fully comply with regulations and procedures Ensure all policies are updated/amended where applicable Maintain and manage Transformation status requirements with HR and associated compliance Proactively audit processes, practices and documents: Verify the practical application as per the SOP Manage risk and identify areas of improvement Identify potential compliances breaches and investigate compliance irregularities Set plans to manage a compliance violation Evaluate, investigate, and document reports of non-compliant activity Manage insurer matrix Keep record of all insurer agreements (on sharepoint) Manage internal audit feedback with underwriting head and associated compliance Manage and conduct business monitoring review with associated compliance from findings of internal audit Review insurer agreements prior to sign-off from directors Manage and maintain legal and compliance folder on sharepoint
Educate and train employees on regulations and industry practices:
Address employee concerns or questions on legal compliance Communicate key regulatory changes and updates Promote compliance awareness Arrange training keep tracker of all training done internally and with external service providers Reporting ensur