Website King Price Insurance
Finally a car insurance company that is on your side! At King Price Insurance you get the same comprehensive insurance cover as everywhere else…just at a super cheap price. And it comes with royal service too. Yes, King Price is set to disrupt the insurance industry in a big way. The reason why we… read more're doing it is a no-brainer really. We got as disgruntled as everybody else for paying more for insurance than we should and decided to do something about it… By doing the polar opposite of what our competitors are doing. Here's how… We let you pay less now. And then you pay even less the month after that and the month… well you get the idea. The insurance industry doesn’t have the best reputation, we know that and Gideon Galloway knew it, too. The youngest board member of an established insurance organisation, at the height of his career, he saw first-hand the insurance industry’s greed, unwillingness to change, and reluctance to improve for the greater good of the changing consumer needs. The time came to make a difference. Gideon took a leap of faith, left the security of his corporate job, and pursued what seemed like an impossible dream. The dream to change things by launching a world first, an insurance company that decreased your monthly car insurance premiums every month as the value of your car depreciates. Giving consumers the fair and logical insurance choice that they deserved. With his dream, no start-up money to brag about, and an extraordinary crew, we got to work creating the insurance company of tomorrow. Menlyn Corporate Park, Block A 175 Corobay Avenue Waterkloof Glen Ext 11 0081
Purpose of position:
Assisting the compliance function with assessing and monitoring the company’s operational departments to ensure it is conducting its business in compliance with applicable laws and regulations pertaining to the financial services industry
Responsibilities:
Compliance monitoring and reporting
Assisting with the monitoring of FAIS compliance by all key individuals and representatives and ensuring that relevant changes are communicated to the FSCA
Developing, maintaining, and reviewing policies and procedures for the general operation of the company’s standards of conduct
Compiling of meaningful monitoring reports and ensuring the timeous escalation of compliance risks and incidents
Pro-actively identifying existing and potential control deficiencies and exposures from ongoing monitoring reviews
Ensuring that all monitoring of routine procedures address the changing needs of the business
Providing general guidance on how to avoid and mitigate potential compliance risks and implementing action plans
Submission of regulatory returns and information requests to regulatory bodies as and when required
Compliance awareness
Maintaining expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
Conducting risk and compliance management awareness programmes within the company
Promoting a culture that emphasises and demonstrates the importance of internal controls and risk by pointing out the implications of non-compliance
General
Developing, leading and/or participating in staff compliance training
Compiling a compliance report for the risk and compliance committee based on information obtained, and submit same to the Compliance Manager and/or the Head of Compliance for review and finalisation
Dealing with regulatory enquiries and liaising with regulatory bodies as and when required
Requirements:
Minimum 2 years’ experience in a compliance related role with in-depth knowledge of the non-life insurance industry, control environment and applicable legislation (i.e., Insurance Act, Short-term Insurance Act, FAIS Act, POPIA, COFI Bill)
A relevant legal / compliance qualification
Relevant fit and proper requirements must be in respect of honesty, integrity and competence
RE1
RE5 (advantageous)
Skills and Attributes:
Ability to identify compliance risks and make recommendations
Attention to detail and meticulous accuracy is essential
Ability to professionally communicate with various levels of staff and management
Willingness to work under supervision (if not already licensed / registered as a Compliance Officer with the FSCA)
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Apply via company website ( http://www.kingprice.co.za ) or