Location: Centurion, South Africa
Position: Intern
Role Type: FAIS: Non-Financial Advice Giving Role
Skillset: Compliance Intern
Company Description:
OUTsurance has been propelling the South African insurance industry forward for the last 27 years. As leaders in the field, we’re always looking for innovative ways to create digitally advanced solutions, without losing sight of our human values. Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise. If you’re keen to grow your career in a vibrant environment with lots of ‘fun’, this could be the career opportunity you’ve been looking for.
Job Description:
The Compliance Intern will assist in monitoring and providing assurance on the adherence to compliance practices throughout the OUTsurance Southern Africa Operations to ensure compliance risks are effectively managed and reported across the organization.
Key Outputs:
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Assist with monitoring compliance risks and determining the state of compliance in various business units.
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Ensure that all regulatory and compliance risks are identified, managed, mitigated, and reported on.
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Assist with executing the compliance monitoring plan.
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Record non-compliance matters identified and follow through on the agreed recommendations.
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Foster and maintain good working relationships with internal stakeholders and contribute meaningfully to these engagements.
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Collaborate with Combined Assurance departments (Risk Management, Internal Audit, and Quality Assurance) to avoid duplication of efforts and improve efficiencies. Raise compliance issues through appropriate channels for investigation and resolution.
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Provide input and ensure accurate reporting and articulation of compliance risks.
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Advise and/or provide input to internal stakeholders on possible contraventions of compliance risks through early detection.
ADHOC Duties:
You may be requested to perform the following as business needs arise:
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Provide support on legislative compliance matters and assist with the implementation, development, and maintenance of the Compliance Risk Management Framework.
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Analyze current and forthcoming regulations, proposals, and legislation and provide detailed analysis.
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Support Compliance Officers in responding to compliance matters and resolving queries.
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Assist Compliance Officers in drafting input to influence proposed legislative changes and projects initiated by regulators and industry bodies.
Competencies:
The ideal candidate must demonstrate the following competencies:
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Clear and concise communication skills.
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A team player with a flexible approach.
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Strong interpersonal skills and the ability to build relationships.
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Problem-solving skills to find solutions.
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A desire to learn and grow.
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Ability to take initiative and work independently.
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Upholds ethics and values with high levels of integrity.
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Ability to adapt to change positively.
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Strong attention to detail.
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Ability to multitask and handle stress in a deadline-driven environment.
Qualifications:
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Degree in Legal or Auditing.
To qualify for the INSETA Internship Program, applicants must meet the following criteria:
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Be a South African citizen.
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Not have previously been part of an internship/learnership with INSETA.
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Be between the ages of 18 & 35.
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Have been unemployed in the last 2 months.
Additional Information:
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The ideal candidate must align with the OUTsurance culture and values, including Awesome Service, Passionate, Honest, Human, Dynamic, and Recognition.
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OUTsurance’s culture and success are based on performance, and the ideal candidate must be prepared to work in a stressful and deadline-oriented environment.
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In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals from designated groups who meet the job requirements.