Compliance Specialist

Job Description

To provide robust regulatory compliance advice, guidance, and support by monitoring processes and related controls in accordance with compliance methodology and minimum standards Hello Future, Compliance Specialist,

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

Work with First line, in a hands-on capacity, to advise on the design and building of business processes and controls that will be adequate to meet applicable compliance requirements

Ensure implementation of relevant policies, governance and practice standards across the business. Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability

Ensure compliance is adopted in terms of systems and procedures as laid out by organization and review in response to audit findings and changes

Develops an understanding of risks and risk management approaches

Create reports summarizing major findings, issues and outstanding remediation items, identify risks and controls

Identify, control and escalate potential risks that may lead to increased costs

The development and implementation of compliance related campaigns in order to create awareness of the importance of compliance as well providing staff and business with knowledge and skills related to compliance

Utilize root cause analysis to understand issues across the business and monitor reviews, conduct trend analysis and determine in a specific business

Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in

Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability

Research, enable and consult on improvements and opportunities to harness technology and platform enablement

Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimize redundancy

Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements

Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks

Educates others and makes suggestions for improvements

Networks and participates in specialist risk forums where required

Ensure that the business is educated on the regulatory landscape by creating awareness around compliance implication of daily duties

Advise business of changes in regulation and identify potential impact of these changes on the business

Monitor and ensure business committees operate according to required business governance standards through regular engagement

Provide regulatory support and expertise in the formulation and completion of compliance risk and control assessments (CRA's)

Ensure that compliance risk is adequately identified and in so doing, guide the business in terms of addressing such risk

Guide business to ensure that business policies contain the right content addressing legislative requirements thereby working toward an effective and adequate control environment

Influence the enhancement of business processes and methodologies specific to the area

Support and empower the Group to prevent compliance breaches and reputational risk from occurring, which could result in financial penalties

Engage with stakeholders on findings of compliance risk and control assessments to ensure action plans adhere to regulatory standards

Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared

Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies

Participate in specialist communities of practice and contribute positively to own and organizational knowledge improvement

Assess own performance against competencies and skills required delivery

Identify development needs and select effective solutions to address own development need

Prepare a personal development plan with management to implement and review as required

Monitor own progress against development plan and measure impact of results

You will be an ideal candidate if you have:

Minimum of 3 years of experience, working in a cell captive insurer, and in depth understanding of the compliance requirements that are applicable to cell captive insurers

Relevant legal qualification or BCom Qualification

Risk management (advantageous)

Minimum 5 years’ experience in an end-to-end compliance function with in dept knowledge of the applicable legislative requirements

You will have access to:

Opportunities to network and collaborate

A challenging working environment that is progressive and agile

Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you have the following:

Adaptable and curious

Have a proven successful track record.

Thrive in a collaborative environment.

Detail-oriented

Proactive and accountable

Calm under pressure

Collaborative mindset

Flexible and adaptable in a dynamic work environment

Apply now if you are interested in taking the next step. We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

09/10/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.