[ref. e56465417] Legal, Risk and Compliance Officer | Durban

apartmentThe Recruitment Council placeDurban calendar_month 
Responsibilities
  • Drafting official documents and agreements which includes but is not limited to, letters of demand, agency agreements, new contracts and contract addendums
  • Conduct investigations on regulatory developments
  • Ensuring all employees and the company are compliant with the Financial Advisory and Intermediary Services Act and Financial Intelligence Centre Act
  • Communicating with Insurers regarding any regulatory or legal queries
  • Conducting and compiling external Insurer audits
  • Renewal of all company financial lines insurances and licenses
  • Develop and implement compliance framework
  • Prepare risk management reports
  • Amending and update compliance documentation and statutory disclosure notifications
  • Quality assurance of renewal procedure
  • Responsible for FICA and FAIS reporting and monitoring
  • Prepare internal compliance monitoring reports and calculate monthly compliance scores
  • Review internal claims and underwriting correspondence in accordance with legislative requirements
  • Monitoring ESG compliance
  • Review an monitoring of companys complaints and complaints resolution procedure
Minimum Requirements
  • LLB degree or similar
  • Regulatory qualification
  • Minimum 5 years experience in compliance or risk management within the insurance industry
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