Job Description

Hello Future, Compliance Specialist (Prudential Compliance),

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:

• Manage regulatory engagement with relevant regulators, including regular recurring engagements, ad hoc engagements as required by business or regulators, and ad hoc information requests received from regulators
• Manage timeous submission of regulatory notifications and approvals as required under Prudential GOI and GOG standards
• Ensure appropriate and compliant structure of all required board structures
• Ensure adequate and compliant policy and frameworks are implemented for the insurers
• Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability
• Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability
• Ensure implementation of relevant policies, governance and practice standards across the business
• Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements
• Ensure compliance is adopted in terms of systems and procedures as laid out by organisation and review in response to audit findigns and changes
• Develops an understanding of risks and risk management approaches
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks
• Educates others and makes suggestions for improvements
• Networks and participates in specialist risk forums where required
• Advise business on best practice for regulatory compliance by ensuring the business is educated on the regulatory landscape and by creating awareness around compliance implications of daily duties
• Advise on and provide support to stakeholders in relation to the execution of the practice relevant to legislation, frameworks, processes, and tools
• Provide expert input to committees on compliance related matters to ensure informed decision making
• Advise business of changes in regulation and identify potential impact of these changes on the business
• Utilise root cause analysis to understand issues across the business and monitor reviews, conduct trend analysis, and determine impact across portfolios
• Advise and support the Group to ensure regulatory compliance standards are met and risks are mitigated
• Provide regulatory support and expertise in the formulation and completion of compliance risk and control assessments (CRA's)
• Advise and support business in terms of applicability of regulation and in so doing, mitigate risk
• Ensure that compliance risk is adequately identified and in so doing, guide the business in terms of addressing such risk
• Define governance frameworks and ensure good governance practice
• Monitor and ensure business committees operate according to required business governance standards through regular engagement
• Assess committees adherence to the governance requirements
• 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
• Enable management to make informed decisions and prevent compliance breaches
• Ensure that stakeholder relationships are effectively managed
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses
• 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 organisational knowledge improvement
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
• Partner and collaborate with team members to achieve team success

You will be an ideal candidate if you have:

• Relevant legal Qualification
• 3-5 years’ experience
• Insurance background would be beneficial
• Reporting
• Regulator engagements
• Dealing with audit and risk committees

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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Job Details

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