OUTsurance has been propelling the South African insurance industry forward for the last 25 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.

The internship is a structured work-based program, affording unemployed graduates work experience in our company. The successful applicants will enter into a 12-month fixed term Internship agreement (not an employment contract) with the company and receive a stipend. 

The successful candidate will gain experience by carrying out the day to day Compliance Risk Management monitoring duties to ensure the company, more specifically the Life Insurance business (OUTsurance Insurance Life), complies with regulatory requirements and internal policies.

To monitor and provide assurance on the adherence to compliance practices throughout the OUTsurance Southern Africa Operations to ensure compliance risks are managed and reported across the organisation.

Key output                                             

• Assist with monitoring compliance risks and determining the state of compliance in various business units.
• Assist with ensuring that all regulatory and compliance risks are identified, managed, mitigated and reported on.  
• Assist with ensuring that the compliance monitoring plan is executed.
• Recording of non-compliance matters identified and follow through on the agreed recommendations.
• Foster and maintain a good working relationship with internal stakeholders and contribute meaningfully in these engagements.
• Collaborate with Combined Assurance departments (Risk Management, Internal Audit and Quality Assurance) when conducting monitoring to ensure there is no duplication of efforts and improve efficiencies and that compliance issues are raised  to appropriate existing channels for investigation and resolution.
• Provide input and ensure accurate reporting and articulation of compliance risks.
• Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection.

ADHOC DUTIES

The following are duties you may be requested to perform as and when business needs require.

• Providing support on legislative compliance matters and to assist with the implementing, development and maintaining of the Compliance Risk Management Framework.
• Analyse current and forthcoming regulations, proposals and legislation and provide meaningful, detailed analysis.
• Providing support to Compliance Officers in responding to compliance matters and resolving queries.
• Assist Compliance Officers to draft input in order to influence proposed legislative changes and projects initiated by the regulators and industry bodies.

Competencies

• Communicate clearly and concisely.
• A team player with a flexible approach.
• Good people skills as well as being able to communicate well.
• Very strong interpersonal skills and the ability to build relationships.
• Problem-solving skills to find solutions.
• A desire to learn and grow.
• Takes initiative and works under own direction.
• Upholds ethics and values and demonstrates high levels of integrity.
• Engages professionally.
• Methodically plans and organises tasks and projects.
• Works meticulously always demonstrating a very high level of attention to detail.
• Adapts and responds positively to change.
• The ability to multitask and handle stress.

• Degree in Legal or Auditing

Take note to qualify for an INSETA Internship program you need to:

• Be a South African citizen
• Not previously part of an internship/learnership with INSETA
• Be between the ages of 18 & 35
• Unemployed in the last 2 months

An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Dynamic, Honest, Human, Passionate and Recognition.

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.