Compliance Officer at OUTsurance

Centurion, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

29 Dec, 25

Salary

0.0

Posted On

30 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance Risk Management, Anti-Money Laundering, FICA Compliance, Legislative Compliance, Analytical Skills, Relationship Management, Business Writing, Problem-Solving, Attention to Detail, Team Player, Interpersonal Skills, Self-Starter, Communication Skills, Coaching, Regulatory Engagement, Process Improvement

Industry

Insurance

Description

Company Description OUTsurance has been propelling the South African insurance industry forward for the last 27 years. As leaders in the field, we’re always looking for innovative ways to create digitally advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of ‘fun’, this could be the career opportunity you’ve been looking for. The successful candidate will carry out the day to day Compliance Risk Management duties to ensure the company, more specifically the Non-Life Insurance business, comply with regulatory requirements and internal policies. What do you get OUT? OUTsurance has been voted Top Employer South Africa since 2022. Our people vision is to be a great company to work for where you always get something OUT. Job Description Key outputs Providing support and technical guidance on legislative compliance matters including but not limited to FICA requirements and to assist with the implementing, development and maintaining of the Compliance Risk Management Framework. Assist with ensuring that all regulatory and compliance risks are identified, managed, mitigated and reported on and that the Chief Risk Officer, the Internal Risk Committee, the Board Risk Committee and the Board are made aware of such risks. Analyse current and forthcoming regulations, proposals and legislation and provide meaningful, detailed analysis. Providing support and guidance to Management and Senior Management in responding to compliance matters and resolving queries. Ensure that the necessary compliance policies, frameworks, processes and procedures as well as compliance plans are executed on and continuously improved. Assist in compiling internal and external compliance reports. Assist in the recording of non-compliance matters identified and follow through on the agreed recommendations. Assist Management to influence proposed legislative changes and projects initiated by the regulators and industry bodies. Engage and attend workgroups with external stakeholders such as SAIA as well as with the Regulatory Authorities on a constant basis. The successful candidate will be expected to establish and maintain a good working relationship with these external stakeholders and Regulatory Authorities and to contribute meaningfully in these engagements. Relationship management and interaction with internal stakeholders. Collaborates with other departments (e.g. Risk Management, Internal Audit, Human Resources, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution. Assist, monitor, guide and coach staff on Compliance matters. Qualifications Essential Law degree. At least 3 - 5 years’ experience in in Anti-Money Laundering (AML) and Financial Intelligence Centre Act (FICA) compliance, compliance risk management, guidance and monitoring. Demonstrate a practical understanding of all legislation applicable to an insurance business, including but not limited to FICA, Insurance and Financial Advisory and Intermediary Services (FAIS) legislation as well as related products. Proficient in MS Office Suite. Business writing skills. Advantageous Qualifications and experience Post Graduate Diploma in Compliance Management. FAIS Cat I Licensed Compliance Officer. Certified Anti-Money Laundering Specialist (CAMS) or equivalent AML certification. Demonstrable relationships with key stakeholders at Regulatory Authorities and industry associations. Practical experience with the goAML system of the FIC. Evidence of Strong understanding of AML legislation and FICA requirements as well as other insurance and FAI related legislative requirements. Strong analytical skills and ability identify compliance risks and trends. Alignment to OUTsurance values (Awesome Service, Passionate, Honest, Human, Dynamic and Recognition). Personal drive and a positive attitude. Ability to be a self-starter and drive tasks to completion. Competencies Communicate clearly and concisely. A team player with a flexible approach. Good people skills as well as being able to communicate well in all aspects of the company. Very strong interpersonal skills and the ability to build relationships. Problem-solving skills. A desire to learn and grow. Takes initiative and works under own direction. Upholds ethics and values and demonstrates high levels of integrity. Engage professionally. Methodically plans and organises tasks and projects. Works meticulously always demonstrating a very high level of attention to detail. Adapts and responds positively to change. The ability to multitask and handle stress. Strong MS Office skills. Additional Information In accordance with OUTsurance Group Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.

Responsibilities

The Compliance Officer will manage day-to-day compliance risk management duties to ensure adherence to regulatory requirements and internal policies. This includes providing guidance on compliance matters, analyzing regulations, and compiling compliance reports.