Our client, a dynamic Financial Services Provider JHB North seeks to employ a Legal & Compliance Officer.
JOB CONTEXT
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
KEY OUTPUTS ;
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
QUALIFICATIONS AND EXPERIENCE
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
PERSONAL ATTRIBUTES
Ability to work under pressure
Assertiveness
Confidentiality
Deadline / Delivery Driven
Resourceful
Self-managed
SKILLS
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.
