Report Line: Group Compliance Manager

Department: Risk and Compliance

Location: Allen’s Nek, Roodepoort, Gauteng

Job Type: Permanent

Reference: LW51/2016

Purpose of the Role:

The Legal Expenses Insurance Southern Africa (LEZA) Group seeks to employ a Group Compliance Specialist to support the Group Compliance Manager in developing and implementing the compliance framework (including compliance governance, strategy and process). This role also assists the Chief Risk Officer and Compliance Manager in advising and supporting the Board and managing executives in embedding a culture of sound and ethical compliance and a culture of consumer protection across the LEZA Group.  

You will be responsible for:

• Supporting the Group Compliance Manager in ensuring that a robust compliance framework and programme are implemented throughout the Group

• Regular monitoring of the primary legislation impacting the business, including wider legislative, regulatory and industry standards

• Supporting the Group Compliance Manager in creating awareness of regulatory and industry developments and requirements by communicating these to the wider business as applicable and ensuring that these are implemented and documented within agreed timelines

• Supporting the Group Compliance Manager in developing, submitting for approval to applicable forums in the Group, implementing, maintaining and communicating compliance policies and procedures which provide clear and concise guidance to the business.

• Supporting the Group Compliance Manager in ensuring that the relevant people, such as business managers, implement Group compliance related policies and procedures across entities in the Group, including subsidiaries in other countries  

• Supporting the Group Compliance Manager in advising on the development and implementation of suitable and robust first line of defense controls, including policies and procedures, through working with people across the Group. This includes policies which underpin and support Group compliance policies

• Supporting the Group Compliance Manager in creating a centre of excellence for compliance for the Group, to ensure advice provided to entities in the Group is timely, consistent, accurate and clear 

• Supporting the Group Compliance Manager in implementing the compliance software solution (system) and ensuring successful embedding in the business 

• Developing, implementing and maintaining compliance risk management plans

• Taking part in design, and monitoring delivery, of regular and comprehensive compliance training to applicable employees of entities across the Group

• Supporting the Group Compliance Manager in planning, performing and documenting the monitoring around key compliance risks identified in entities in the Group. This includes monitoring adherence to compliance policies. Proposing remedial action to be taken where deficiencies are identified

• Preparing the required reports to regulators, trade associations, management and relevant forums in the Group in accordance with regulated / agreed timelines 

• Managing ad hoc compliance queries from the business (first line of defense)

• Demonstrating effective management by setting objectives for team members, facilitating work prioritisation and performance management

• Supporting the Group Compliance Manager with ad hoc tasks as and when required

• Implementing mechanisms to ensure the development of team members, including enhancing skills and knowledge. This includes the effective dissemination of compliance knowledge amongst the team

Qualifications and Experience Required:

• Completed LLB or BCom Degree

• Registered as a Compliance Practitioner (C.Prac) with the Compliance Institute of South Africa / studying towards this, or a member of the Institute of Internal Auditors South Africa   

• Must have a minimum of 5 years’ compliance and/or internal audit experience 

• Knowledge and experience of implementing compliance frameworks/strategies 

• Extensive experience in respect of the practical application of relevant laws and regulations essential

• Experience in respect of liaising with regulators, preferably the Financial Service Board (FSB)

• Experience in the financial services sector / insurance industry 

• Experience in dealing with compliance issues similar to those applicable to the Group

• Solid understanding of compliance best practice and guidance, especially compliance monitoring

• Being familiar with the following legislation:

• Financial Advisory and Intermediary Services Act, 

• Short Term Insurance Act, 

• Long Term Insurance Act,

• Protection of Personal Information Act, and

• Financial Intelligence Centre Act

• Knowledge of SADC jurisdictions advantageous


Skills and Competencies Required:

• Excellent relationship management and partnership building skills, to help facilitate a pro-active and effective compliance to business relationship

• Excellent risk based judgment skills including the ability to assess compliance risks appropriately 

• Analytical thinking ability

• Sound reporting and communication skills

• Ability to quickly grasp new laws and concepts

• Business orientated

• Attention to detail

• Ability to deal effectively with conflict

• Ability to “think on her/his” feet

• Capacity to work independently 

• Ability to quickly grasp new laws and concepts

• Good reporting and communication skills

• Team player 

• Must be computer literate

• Must be able to speak English

Other Requirements:

• Relocation will be at own cost

• ITC/criminal check will be a requirement

• The applicable psychometric assessment will be a requirement

• Own car and valid driver’s license required

• Position requires occasional travelling 



Please forward your CV to the LegalWise Human Capital Department on email: clearly stating the position you are applying for and reference number, by no later than 23/09/2016. 


If you have not received feedback from us within two weeks of submitting your application, please consider it unsuccessful.