Job Expired
Job Summary:
WE ARE STILL MAKING CVs FOR P100. COVER LETTERS FOR P50
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Reporting to the Compliance & Legal Manager, the role of Compliance Specialist is to assist with monitoring and adherence of compliance initiatives within Botswana Life business units.
Key Performance Areas
- Support distribution with Regulatory Requirements
- Monitoring of compliance initiatives to ensure both internal and external regulatory compliance
- Monitor and record CPD for intermediaries on a monthly basis
- Monitor on a monthly basis Services Under Supervision for intermediaries
- Support corporate agents and brokers on Intermediary Conduct Requirements (ICR) requirements including guidance and training
- Conduct bi-annual agency inspection/reviews on ICR and report gaps identified to the Compliance Officer
- Monitor recommendation through liaison with Broker Consultants.
- Conduct Fit and Proper checks for Principal Officers and Directors of corporate agencies and brokers
- Communicate assessment outcome to relevant to distribution partners
- Conducts assessment and vetting of new corporate agencies and brokers in respect of license applications and renewals.
- Maintain a database of controllers for purposes of beneficial ownership (AML/CFT)
- Resolve client queries from NBFIRA within stipulated turnaround time
- Maintain complaints register and ensure 75% monthly resolution by departments.
- Produce report on queries status monthly
- Maintain compliance/regulatory universe including keeping abreast with legislative changes in the regulatory universe and assist with legislative impact assessment
- Responsible for annual NBFIRA and Bank of Botswana license renewal
- Ensure timely submission of monthly, quarterly and annual regulatory returns (NBFIRA, BOB, FATCA)
- Assist with key controller vetting and product vetting
- Assist in planning and conducting quarterly departmental compliance audits
- Monitor implementation of recommendation made on audits
- Assist with implementation of internal AML/ CFT compliance programs and procedures, proper maintenance records
- Assist with continuous training of staff on AML/CFT and maintain records of attendance
Knowledge
- Insurance Industry knowledge
- Familiarity with Prudential Rules and other regulatory requirements
- Understanding of compliance risk management
Skills
- Good interpersonal skills
- Strong communication skills Strong attention to detail
- Analytical skills
- Administrative, planning and organizing
- Team player’ who interacts confidently with all stakeholders
- Ability to multi-task, work under pressure and adhere to deadlines
- Proactive, innovative, a self-starter who shows initiative and assumes responsibility
Experience
3 to 4 years’ experience with thorough knowledge of the insurance regulatory environment over and above formal qualifications
Qualifications
- Bachelor’s Degree in Risk, Insurance, Finance, Business, Economics or Law
- Certificate of Proficiency in Long Term Insurance
- Any other compliance or risk related qualification would be advantageous
- This job has expired!
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