OUTsurance has been propelling the South African insurance industry forward for the last 24 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 friendly ‘gees’, this could be the career opportunity you’ve been looking for.

To develop, implement, monitor, and report all risk and compliance matters to ensure a stable control environment within OUTsurance Business Commercial.

Accountability:

·        Ensure compliance to all relevant regulatory compliance policies through the development and

·        Implementation of appropriate processes and controls within Outsurance business.

·        Communicate to the Commercial Business Units all regulatory compliance requirements in a translated easy and understandable format with the assistance of OUTSURANCE Risk and Compliance.

·        Monitor, through analysing the completed risk and compliance effectiveness reviews, management assurance reviews and internal audit reports, and further report on process and control failures.

·        Conduct CEA across regions and report on the status of identified gaps

·        Report on all regulatory compliance measurements on agreed intervals as required by the business unit i.e. FAIS Fit and Proper (Rep Register, Supervision Statuses, Mandate Letters)

·        Ensure the compilation of regional feedback into a national format and address any areas of none

·        Compliance by reinforcing existing controls or introduce refined controls.

·        Report and present on all risk related activities such as: Risk events/ indicators, Risk Framework

·        Implementations in OUTSURANCE Business, control Issues to the various Business Forums

·        Source, share and disseminate control and compliance information critical in effective control management

·        Direct and provide advice to Business Units on all related compliance and control Requirements and reporting.

·        Drive and direct high priority remedial action planning on a Business Unit level.

·        Implement appropriate actions, to ensure proper implementation and awareness of processes, procedures and reporting requirements within Business.

Competencies

·        Entrepreneurial and commercial thinking

·        Adhering to principles and values

·        Presenting and communicating information

·        Planning and organising

·        Delivering results and meeting customer expectations

Knowledge and skills

·        Knowledge of business report writing (Advanced)

·        Knowledge of analysing (Advanced)

·        Knowledge of risk management principles (Advanced)

·        Knowledge of Insurance legislation (Advanced)

·        Time management skills (Advanced)

·        Computer Literacy skills (MS Office, Excel, PowerPoint and Outlook) (Advanced)

Experience Required

(3) Years’ experience in specialization in risk and control environment

(3) Years’ experience in Quality Assurance

At least five (5) years or more experience in financial services environment (Insurance) with solid exposure to controls/process design, operational risk management and/or audit and compliance Environment. 

Finance or risk management or an NQF Level 5 equivalent qualification (Not a FAIS role).

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.

Reporting Lines:

The OUTsurance Broker  will report directly to the Regional Manager and will work closely with the wider Face to Face channel.