Group Benefits Monitoring Officer

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Date: 04-May-2021

Location: Johannesburg, Gauteng, South Africa

Company: Sanlam Group

Who are we?

Sanlam Developing Markets (SDM) (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. There are four businesses within the SA Retail Mass cluster, namely; Group Benefits, Individual Life, Safrican Insurance and African Rainbow Life.

What will you do?

  • Analyse and interpret regulation and legislation, and using a risk-based approach.
  • Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof; 
  • Compiling monitoring reports on the results of monitoring; 
  • Incident reporting, to ensure timeous escalation of compliance risks and incidents, 
  • Interpret regulation and legislation and assist business units with practical implementation thereof 
  • Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
  • Research and communicate applicable legislative developments to all stakeholders
  • Assist with the promotion of a culture of compliance and awareness within Sanlam Sky and actively participating in compliance projects and training initiatives.
  • Provide training on regulatory requirements to channels

What will make you successful in this role?

 

Qualifications:

  • A legal or commercial  degree 
  • Compliance qualification (PG Diploma in Compliance Management) would be advantageous. 
  • Meeting the competence, qualifications and experience requirements to be registered as a Compliance Officer with the Financial Sector Conduct Authority would be advantageous

 
Experience & Knowledge:

  • 3-6 years’ experience as a Compliance Officer in the Financial Services Industry
  • Knowledge of the financial services industry, especially insurance
  • A thorough understanding and knowledge of compliance risk management and monitoring programmes
  • A thorough understanding and knowledge of the regulatory requirements impacting on the various businesses (e.g. FAIS, FICA, LTIA, PPR, and POPIA) will be advantageous

Personal Attributes

Communicates effectively - Contributing independently
Decision quality - Contributing independently
Action orientated - Contributing independently
Optimises work processes - Contributing independently

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its business clusters – Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, Santam, Miway, as well as the Group Office – the group provides many opportunities for growth and development.

Core Competencies

Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.