Compliance Officer Rand Mutual Assurance2025/01/23 Parktown Job Reference Number: RM-627 Department: RMA Life Industry: Insurance Job Type: Permanent Positions Available: 1 Salary: Market Related Job Description THE JOB AT A GLANCEAs a Compliance Officer, reporting into the Compliance Manager, you will be responsible for conducting internal audits to ensure compliance with regulatory requirements and internal policies. You will develop and implement compliance policies in liaison with regulators, assess and report on compliance risks, and investigate incidents to ensure compliance. You should have knowledge of government laws and regulations affecting the company's business area and the ability to interpret laws and regulations in light of operations. WHAT WILL YOU DO?Regulatory and Compliance Management: Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards. Regulatory Affairs: Provide specific elements of the regulatory affairs service with guidance from senior colleagues. Quality Management System: Contribute to the identification and evaluation of current policies and business processes in the scope of the Quality Management System. Audit Compliance: Manage a portfolio of audit assignments, ensuring that the team plans and delivers audits covering identified risk areas. Compliance: Identify shortcomings in compliance processes, systems, and procedures, and suggest and implement appropriate improvements. Operational Compliance: Maintain knowledge and understanding of the organization's policies and procedures and relevant regulatory codes. Leadership and Direction: Communicate the local action plan and motivate people to achieve local business goals. Team Management: Serve as second in charge (2 IC) to the Risk and Compliance Manager RMA Life. Assist with compiling monthly Exco reports. Stand in for the R&C Manager in various meetings as applicable. Support the team with management responsibilities as determined by the R&C Manager. WHAT YOU'LL BRING TO THE TABLE?Undergraduate Degree/Honours Tertiary Degree/Legal Degree/Compliance qualification. Admission as an attorney or advocate.3-5 years’ corporate compliance experience.2-4 years’ working experience within an insurance or financial institution. Registered as a Compliance Officer with the FSCA. FSCA Regulatory Exam (RE1) is an advantage. Experience in supervising and directing people and resources to achieve specific results within limited timeframes. WHAT WILL YOU GET IN RETURN?We offer great opportunities for personal and professional development in a stable company that’s 130 years strong. The role comes with a competitive salary package and various benefits, including flexible work arrangements. Turnaround time: The shortlisting process will only start once the application due date has been reached. 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, preference may be given to candidates from under-represented designated groups. Job Requirements Undergraduate Degree/Honours Tertiary Degree/Legal Degree/Compliance qualification. Admission as an attorney or advocate.3-5 years’ corporate compliance experience.2-4 years’ working experience within an insurance or financial institution. Registered as a Compliance Officer with the FSCA. FSCA Regulatory Exam (RE1) is an advantage. Experience in supervising and directing people and resources to achieve specific results within limited timeframes.
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