Compliance Manager: Insurance needed at Capitec Bank

Purpose Statement

• To promote and be responsible for an adequate level of compliance in Capitec’s Insurance business; responsible for facilitating the process for Capitec to meet and comply with regulatory and statutory requirements.
• Accountable for the strategic direction and operational effectiveness of the Compliance department within Capitec’s Insurance business.

Experience

Minimum:

• Complying with the fit and proper standards contained in the Generally Accepted Compliance Practice (GACP)
• At least 5 years’ proven experience all matters related to legislative and regulatory requirements, in compliance management in the financial services industry, with exposure to insurance in at least 3 of the 5 years

Ideal:

• 7 years’ experience leading all matters related to legislative and regulatory requirements within a similar industry
• 5 years’ proven experience in compliance / risk management in the financial services/insurance industry
• 5 years’ experience in managing a team of specialists within a similar environment
• Proven experience in operating at a senior management level

Qualifications (Minimum)

• Bachelor’s Degree in Law or Accounting – Financial Accounting

Qualifications (Ideal or Preferred)

• Masters Degree in Law or Accounting – Financial Accounting

Knowledge

Minimum:

• Insurance industry 
• Compliance risk management including compliance risk identification, compliance risk assessment and compliance risk monitoring
• Process and controls development 
• Laws and regulations applicable to the insurance/financial services environment 
• Business acumen and an understanding of business drivers 
• Legal / statutory interpretation

Ideal:

• Insurance industry 
• Capitec risk management environment 
• Financial, insurance and insurance legislation

Skills

• Analytical Skills
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Problem solving skills