Discovery Internships 2024 / 2025
Deadline: Ongoing / Not specified
Location: South Africa
Discovery Internships
Discovery is currently accepting applications for Legal Advisor and Compliance Officer Internship programme.
Legal Advisor Internship
The successful applicant will be responsible for ensuring the highest quality legal advice and assistance is made available to Discovery Employee Benefits in the most efficient way. To represent Discovery in legal matters before the Ombudsman for Long-Term Insurance and Ombudsman for Short-Term Insurance.
Areas of responsibility may include but not limited to
- Provision of legal advice and assistance relating to: design of products for Discovery Employee Benefits, drafting and vetting of legal contracts and marketing material and Participation in claims decisions for Discovery Life and Discovery Insure.
- Liaison with the relevant Financial Industry Bodies
- Represent Discovery in legal matters before the Ombudsman for Long-Term Insurance and Ombudsman for Short-Term Insurance
- Provision of Product Education and support to Financial Service Providers
- Ensuring that business is advised of any legal or regulatory changes
- Preparing and finalizing agreements of a commercial nature in liaison with contracting parties
- Delivering outputs within acceptable timeframes, manage external Legal Counsel, Competencies to work with Legal Counsel at Group Level
- Oversee that all drafted contracts and policy documents are in line with legislation and compliant with legislative requirements
- Oversee the general day to day functions within the legal division and make certain that all processes and documents are aligned and compliant
- Attend to all correspondence or queries from the Industry Ombudsman or Regulators timeously
- Providing holistic solutions to internal and external clients
- Manage compliance and risk in company policies and procedures of the business
Personal Attributes and Skills
- Deciding and initiating action
- Working with People
- Persuading and Influencing
- Presenting and Communicating Information
- Writing and Reporting
- Applying Expertise and Technology
- Analysing
- Learning and Researching
- Planning & Organising
- Delivering Results and Meeting Customer Expectations
- Adapting and Responding to Change
- Coping with Pressure and Setbacks
- Excellent legal writing skills, with particular emphasis on contract-writing
- Strong legal drafting and negotiating skills
- Knowledge of Regulatory requirements – FAIS, FICA, Long Term Insurance Act, Short Term Insurance Act
- High level of knowledge of Financial Services Industry legislation and regulations
- Drafting & vetting of contracts and related documentation for insurance products
Education and Experience
- LLB / BDegree in Law
- Proficient on MS Office. Computer literacy essential specifically Microsoft Word & PowerPoint and Excel
Compliance Intern
The Purpose of the role is to assist the Compliance Guidance Officer with the management of compliance risks within Discovery, including Cat II and Cat III compliance matters.
Areas of responsibility may include but not limited to
- Provide assistance with compliance guidance and advice to business i.r.o control implementation or changes
- Assist with the implementation of the monitoring plan for Cat II and III entities
- Assist with interaction with Asset Manager and Trustee and other key stakeholders
- Interaction with the FSCA as required
- Assist with drafting and updating compliance documentation
- Assist with 2nd line compliance monitoring
NB: The role is not limited to the key outputs mentioned above
Personal Attributes and Skills
- Solid Verbal & written communication
- Ability to communicate on all levels
- Ability to exercise independent judgement and reasoning
- Report writing (where applicable, including prescribed Regulatory reports)
- Computer literate
- Attention to detail
- Problem solving
- Interpersonal skills
MORE OPPORTUNITIES:
- Colgate Process Engineering Graduate Trainee 2024
- Agricultural Research Council Internship (2 Years Contract)
- Majuba TVET College Learnership Programme 2024
Education and Experience
Essential:
- Relevant Law or Commerce degree.
- No previous internship and or graduate programme in any industry or government institution
- No work experience.
- Between the ages of 20 – 30
- You must be a South African Citizen by Birth or by naturalization before the 27th of April 1994.
Advantageous:
- B.Com Honors / BusSci degree in Portfolio Management
Application
To apply, visit Discovery careers portal.
An internship is a programme which provides on the job training for unemployed graduates who need to gain work experience.
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