Rand Mutual - RMA · 4 hours ago
Compliance Specialist - COID (6 months contract)
Parktown, NC
Full-time, Contract
Onsite
Senior Level
5+ years expRand Mutual - RMA is a stable company with a strong history of 131 years. They are seeking a Compliance Specialist to perform compliance monitoring reviews, ensure adherence to regulatory codes, and provide guidance to business units on compliance-related matters.
InsuranceNon Profit
Responsibilities
Performing periodic compliance monitoring reviews
Plan and execute compliance monitoring activities timeously
Complete online reviews for each business unit
Interact quarterly with stakeholders in each business unit gathering information
Execute the monitoring plan as allocated by the Manager
Business unit compliance report
Implement an organization-wide reporting procedure to ensure compliance with the reporting responsibilities as required by the Regulator(s)
Analyze, collate and interpret organization-wide compliance reports
Submit detailed and summarized reports on areas covered, findings and appropriate recommendations for improvement to management and other Board-Sub Committees
Conduct independent compliance monitoring e.g., Control Adequacy Assessments and Control Effectiveness Assessments / testing, special reviews and risk indicator monitoring via the compliance software system
Monitor new regulatory developments and assist with interpreting regulatory requirements for impact assessments
Provide each business unit with their compliance report highlighting areas of non-conformance
Agree deadlines/responsibilities and required improvement
Update Combined Assurance Findings Tracking document to monitor progress on a monthly basis, to track findings closure
Monitor the efficiency and consistency of compliance controls
Consolidating business unit reports to reflect companywide compliance
Consolidating tracking documents and progress report: Company report, Company tracking document
Facilitate resolution of compliance breaches
Provide ongoing guidance and advice to Divisions / Departments
Assist with the training of staff on compliance related matters and review of training programme
Promote compliance awareness and participate in initiatives to enhance the RMA compliance culture
Qualification
Required
Grade 12 qualification/Matric Certificate (Essential)
Relevant business-related degree, with an accompanying Compliance related qualification (Essential)
Registered as a Member with the CISA (Essential)
5-7 years' experience working in a compliance environment
Excellent verbal communication and writing skills
Ability to work under pressure and meet deadlines
Good presentation skills and ability to interact with senior management
Experience in compiling compliance reports and regulatory submissions
Preferred
B. Com Law / LLB (Advantageous)
FSCA Regulatory Exam (RE1) (Advantageous)
Good working knowledge of the GACP will be an added advantage
Practical knowledge of applicable insurance and related legislation will be an added advantage
Ability to interface with Regulators
Functional Knowledge of COIDA
Professional Compliance Designations i.e., AML CPRAC(SA) or CPRAC(SA) an advantage
Company
Rand Mutual - RMA
• RMA in a nutshell Identifying a need to help care for miners who were injured while on duty, Rand Mutual (RMA) was founded in 1894 by three mining companies on the Witwatersrand as a non-profit mutual assurance company.
201-500 employees
Funding
Current Stage
Growth StageRecent News
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