About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

 

About Invest

Launched in 2007, Discovery Invest offers the full range of investment products for any client need, providing access to our top performing range of Discovery funds as well as a wide selection of leading local and international fund managers. Recently, Discovery Invest launched a unique offshore offering to enable South African investors unparalleled ease in accessing international investment opportunities. Discovery Invest is seeking to leverage the shared-value model to promote financial health and freedom for millions of South Africans. Through unique behavioural incentives and benefits, we reward clients for positive investment behaviour with extra investment returns. Discovery Invest is the only shared value investment platform in the country maximizing client outcomes before and after retirement. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

 

Key Purpose

Providing the highest quality legal advice to relevant internal and external stakeholders regarding all legal related matters to minimize risk of the organization.

 

 

Areas of responsibility may include but not limited to Attend to and timeously resolve complaints on behalf of Discovery Life, Discovery Invest and the Discovery Retirement Funds to ensure the best possible outcome for these entities Pro-active analysis of legislation, regulatory updates and research on legal matters to ensure the best possible outcome for the various entities Providing sound legal advice to the different business units to ensure decisions are correct and justifiable Preparation of Legal publications, legal updates and guidance notes to business Review of Fund documentation, marketing brochures, publications, policy wordings etc. from a legal perspective Preparation of agenda packs for board of trustee meetings and sub-committees’ meetings Participation in Board of Trustees’ meetings and capturing accurate minutes Fulfil the role of Monitoring Person in respect of sound corporate governance for retirement funds including oversight of S13A breaches and S14 transfers Providing first line compliance support in respect of the duties of the Funds’ Principal Officer Providing oversight on the drafting of General and Special Rules for the Funds The investigation of death claims and providing recommendations to the Death Claims sub- committee Drafting responses to complaints received via the Pension Funds Adjudicator Drafting responses to complaints received via the office of the Ombud for Long term Insurance Building and maintaining relationships within internal business units and the relevant Regulatory bodies To conduct legal analysis and research on various legal matters

 

Personal Attributes and Skills Drives Results Values Driven Optimistic Learns on the Fly Resilient Instils Trust People Savvy Problem Solver Manages Complexity Balances Stakeholders

Addition attributes

Excellent drafting skills Excellent communication skills Able to deliver quality results under time pressure Ability to present findings and reports at meetings with internal and external stakeholders

 

Education and Experience

Qualification

Matric Bachelor of Laws qualification Post graduate qualification in insurance and/or financial services Admitted attorney with litigation experience (Advantageous)

Experience

Minimum 5 years’ experience within the financial services industry dealing with employee benefits, investments and/or group risk Experience in drafting of contracts and fund rules Experience in the application of the Policyholder Protection Rules Experience with Group Risk Insurance cover

Technical Skills & Knowledge

Knowledge of Retirement Fund Compliance and Governance Knowledge of the King IV Principles of Corporate Governance Sound knowledge of relevant legislation Long and Short-term insurance experience, including policy drafting and risk benefits related advice Knowledge of Long Insurance legislation Knowledge of the Pension Funds Act and related legislation Knowledge of Income Tax legislation

 

 

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.