Retail Mass: Compliance Intern - 12 Month Fixed Term Contract at Sanlam Group

Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

What will you do?

This role exists in our Sanlam Retail Mass Compliance function where we focus on the provision of assurance to the Sanlam Retail Mass Boards and Senior Management as well as within the Sanlam Group via various other functionaries. In this position you will work with the compliance officers in the team.

What will make you successful in this role?

• You will be required to:

  • Monitor compliance with applicable legislation and internal requirements

  • Research and gather information on new legislation

  • Analyse proposed new legislation and provide input

  • Review client facing documentation to ensure alignment with legislative requirements

  • Present on legislative requirements and promote compliance culture

  • Manage legislative training and testing as required in terms of e.g. FAIS, FICA, PPR & POPIA

• Assist with reporting, resolution and tracking of breaches and other compliance and regulatory issues

• Assist in developing, promoting, implementing and maintaining compliance standards and procedures that enable employees to act in a compliant manner

• Assist with incident reporting, to ensure timeous escalation of compliance risks and incidents

Qualification and Experience

• Applicable qualification as required for FAIS Compliance Officer registration (Legal or commercial degree will be advantageous)

• Compliance Practitioner designation (CPrac), Compliance Certificate, Regulatory Exam (RE1) or a relevant tertiary qualification would be advantageous.

• An understanding and knowledge of the regulatory requirements impacting on insurance industry (e.g. PF Act, FAIS, FICA, LTIA, PPR, POPIA) will be advantageous.

• Computer literate in MS Office which includes Microsoft Word, Excel & PowerPoint

Knowledge and Skills

• Compliance monitoring
• Administration
• Quality, compliance and accreditation
• Business Processes
• Services Knowledge

Personal Attributes

• Communicates effectively - Contributing dependently
• Decision quality - Contributing dependently
• Action orientated - Contributing dependently
• Optimises work processes - Contributing dependently

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies

• Cultivates innovation - Contributing dependently
• Customer focus - Contributing dependently
• Drives results - Contributing dependently
• Collaborates - Contributing dependently
• Being resilient - Contributing dependently

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 

The closing date for applications is 10 November 2021

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity.  This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.  The Group's Employment Equity plan and targets will be considered as part of the selection process.