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The number 1 Top Employer in South Africa. 
Certified by the Top Employer Institute 2024.

Role purpose/Business Unit:

 

To assist the Executive Head of Compliance with the implementation and monitoring of insurance compliance and regulatory controls in the short term insurance company and across other financial related services within the insurance group. 

Your responsibilities will include:

 

Regulatory and Legislative Compliance Monitoring, Analysis and Reporting

Establishing a regulatory framework for the short term insurance business and sensitizing relevant internal stakeholders.Ability to translate and embed the current and future regulatory requirements into the business processes.Document existing controls within the business processes in order to assess their adequacy and effectiveness.Collate and analyse information from various sources in order to assess the adequacy and effectiveness of the internal compliance controls. The information must be documented together with action items and control plans and communicated to relevant internal stakeholders.  Engage with the outsourced service providers to assess levels of risk and compliance. Recommend areas of improvement and identify action items to be put in place to rectify areas of non-compliance. Compile monitoring reports and communicate findings to relevant stakeholders

Stakeholder management 

Analyse complaints (internal and external) for trends and report’s findings to relevant stakeholders Liaise with External Regulatory Stakeholders ie. Various Ombuds, FSB, SARB etc. Engage with Internal (Project Support) and External (Regulator and/or Suppliers) business stakeholders. Assist in the implementation of  the compliance training and awareness programAssist management to create a compliance culture and with embedding compliance principles, values and sound business practice into existing training mediumsAssist management to create new mediums of communication to enhance compliance awareness and knowledge within the companyFinancial Services regulation analysis and documentation Assists with the analysis and documentation of regulatory compliance requirements especially as it relates to short-term insurance opportunities.Develop risk management plans for relevant legislation and maintain a regulatory universe for insurance.

Assessing the risk of changes to Regulatory Environment

Identify and track changes to existing and new laws Impact analysis across business processes and systems
  The ideal candidate for this role will have:

 

Must have technical / professional qualifications: 

3 year Degree or National Diploma essential in BCom, LLB, BA Law, or related and A minimum of 5 years relevant experience in risk and compliance within the insurance industry.

Core competencies, knowledge and experience:

This requires specialist experience and knowledge of the Short Term Insurance Act, the Insurance Act, the FIC Act, PoPI Act and all associated laws and regulations pertaining to the short term insurance industry. 

Job Skills:

Ability to transfer regulatory knowledge into sound business practices.Analytical and sound financial skillsEffective interpersonal and communication (verbal and written  skills)Relationship management including influencing and  persuasion skillsPresentation and facilitation skills
 

We make an impact by offering:

Enticing incentive programs and competitive benefit packagesRetirement funds, risk benefits, and medical aid benefitsCell phone and data benefits, advantages fiber connection discounts, and exclusive staff discounts offered in collaboration with partner companies

Closing date for Applications: 17 February 2025

 

The base location for this role is, Vodacom Midrand Office

 

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.
Vodacom is committed to an organisational culture that recognises, appreciates and values diversity & inclusion.