Legal and Compliance Officer - Insurance Industry
Execuplace Appointments
Johannesburg, South Africa
6d ago
source : Job Placements

Our client, a dynamic Financial Services Provider JHB North seeks to employ a Legal & Compliance Officer.


The legal and compliance officer assists the Company in managing the legal and compliance risk across the different licenses, assists in implementation of new legislation and to develop compliance risk management plans accordingly

  • Compliance Management

  • Providing compliance advice and guidance to business on an ongoing basis
  • Receive and respond to general compliance queries raise by business and other stakeholders
  • To provide ongoing support to business by reviewing processes and suggesting changes to make the same compliant
  • Alert management of control breakdowns or control gaps identified
  • Where issues of non-compliance have been detected, drafting Regulatory Non-Compliance (RNC)
  • Facilitation of the Group Compliance Monitoring Programme to ensure seamless review of business processes and reporting
  • Comment on draft bills and other regulatory requirements, by 1
  • understanding the impact of business.

  • Complaints Management, Binder Management, and ongoing Compliance Project Management
  • Policy wording and Communication Templates

  • Assist with maintaining of all policy documentation; which includes the master policy, schedules and endorsements
  • Review of all external and internal communication templates, forms and disclosures to ensure that it complies with relevant Legislation
  • Ex-Gratia process

  • Co-ordinate, report and manage the ex-gratia process
  • Intermediary and Partner Accreditation

  • Facilitate the approval of intermediaries and partners (relevant background checks)
  • Maintain the intermediary and partner database
  • Perform license checks on the various intermediaries
  • Assist with partner monitoring to ensure compliance to the agreement
  • Completing and issuing of various legal agreements (Templates)

  • Non-disclosure agreements
  • Memorandums of Understanding agreements
  • Intermediary agreements
  • Binder and Administration agreements
  • Distribution agreements
  • Service Legal agreements
  • Regulatory Updates and Implementation

  • Keep abreast of changing legislation
  • Communicate changes in legislation to business
  • Assist with regulatory implementation within business
  • Training

  • Providing training to the Companys staff and partners regarding compliance processes
  • Provide training to the Companys staff and partners regarding new legislation and regulations
  • Customer and Stakeholder Relationship Management

  • Liaising effectively with all internal clients (Legal, Compliance, Forensics, Internal Audit, etc.)
  • Liaising effectively with all external clients (policyholders, insurers, outsourced partners, intermediaries)
  • Attend meetings with various stakeholders
  • Ad-hoc project and general business assistance

  • LLB Degree or equivalent qualification ( B Com Law
  • Good understanding of financial industry specifically insurance)
  • Microsoft IT Skills (i.e. Outlook, Excel and Word are mandatory at an advanced level, Powerpoint advantageous
  • Minimum 3 years'' Insurance Industry experience

  • Ability to work under pressure
  • Assertiveness
  • Confidentiality
  • Deadline / Delivery Driven
  • Resourceful
  • Self-managed

  • Negotiation skills
  • Planning and Organisational skills
  • Excellent command of English (Written and verbal communication skills)
  • Customer service orientated
  • Analytical thinking
  • Excellent attention to detail
  • Excellent Time management skills.
  • Reporting to the Senior Management : Business Assurance.

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