Financial Investigative Analyst (m/f)

Description

• The role will entail the investigation of a broad spectrum of incidents relating to allegations and suspicions of fraud and unlawful conduct involving new business and claims. The role will ensure that all Compliance and Forensic operational functions within Sanlam Namibia client-related business units are handled within rules and guidelines of company policy and legislation

Duties

• Assist with the implementation of change in Compliance rules to ensure good execution
• Assist in finding a balance between Compliance and continuity within the business
• Ensure that Business is following rules in line with Compliance and Forensic Rules
• Assistance with setting up and changing processes and business rules to remain in line with regulations
• Perform tests to ensure that processes are working optimally
• Monitoring and reporting non-compliance of counter Fraud measures and procedures to the Manager: Operational Compliance and Forensics
• Assist in gathering of information on the business risk assessments
• Keep up with the latest regulatory requirement changes and facilitate changes in business
• Ensure the timeous provision of individual policy information where requested from the regulators
• Assist with internal and external audit enquiries and assist with updates of findings where applicable
• Ensure the proper execution of Regulatory and Cash Reports daily
• Ensure the clearing of ORMS and Siron KYC and keep the queues up to date
• Ensure the clearing of records on PDD Screening Basket in TE and keep the queues up to date
• Ensure completion of PEP lists on the different databases every quarter
• Assist in identifying training needs within Policy Administration and make sure to address these training needs
• Assist the Manager: Operational Compliance and Forensics in updating the SOP documents are change made
• Assist with training Sales/Administration staff when changes should be implemented or where there are gaps in processes or work procedures
• Coordinate reporting non-compliance of counter Fraud measures and procedures to the Manager: Operational Compliance and Forensics
• Compile reports and affidavits concerning irregularities and regulatory transgressions, including criminal conduct, and make recommendations for further actions
• Identify patterns or tendencies and then make recommendations regarding the implementation of preventative measures and areas of risk
• Discuss findings with Manager: Operational Risk and Forensics
• Finalizing Fraud investigations and communicating the outcome to Distribution, Customer Service and NAMFISA

Requisites

• Grade 12
• A Certificate in Compliance Management/Fraud Investigations would be an added advantage
• Tertiary qualification in a relevant field would be an added advantage
• Minimum of 2 to 3 years working experience with Compliance and Monitoring background in the Insurance/ Banking/Financial industry
• Knowledge of the long-term insurer environment as well as knowledge of the financial industry

Notes

• Only shortlisted applicants will be contacted