Compliance Internship (12 Months) – Bidvest Insurance

ByRainbow Time

Bidvest Insurance invites suitably qualified and motivated candidates to apply for a 12-month Compliance Internship within its Compliance and Legal team. Bidvest Insurance is a non-life insurer operating within the Financial Services division of the Bidvest Group and has built a strong reputation since its establishment in 1997. The organisation provides niche, value-added insurance products through its Direct and Affinity channels, delivering reliable protection and service to customers across South Africa.

This internship offers valuable practical exposure to regulatory compliance in the financial services and insurance environment. The successful candidate will gain hands-on experience supporting key compliance and legal functions while working with industry legislation such as FAIS, POPIA, FICA and the Insurance Act. The opportunity is ideal for graduates seeking to develop professional skills, industry knowledge and a solid foundation for a long-term career in financial services compliance.

Position: Compliance Intern
Duration: 12 Months Contract
Stipend: Market-related stipend (as per internship programme)
Location: South Africa (Bidvest Insurance offices)
Closing Date: 22 December 2025

Bidvest Insurance is a non-life insurer within the Financial Services division of the Bidvest Group. The company operates alongside well-established brands such as Bidvest Bank, Bidvest Life, FMI and Compendium Insurance Brokers. Founded in 1997, Bidvest Insurance provides niche, value-added insurance products through its Direct Channel, operating via call centres, and its Affinity Channel, which partners with distribution networks.

Bidvest Insurance designs products to protect consumers and deliver exceptional service when customers need it most. This supports the organisation’s purpose: to protect everyday South Africans against foreseeable events and their financial losses, enabling a better South Africa for all.

Through a strong commitment to its values, customers, partners and employees, Bidvest Insurance has continued to grow and evolve. Individuals joining the organisation can expect to become part of a young, energetic team that challenges convention and focuses on building long-term stakeholder relationships. As part of the broader Bidvest Group, one of South Africa’s leading services, trading and distribution groups, career growth is driven by ambition and performance.

Position Overview

This 12-month internship offers practical experience in regulatory compliance within the financial services and insurance sector. The successful candidate will join the Compliance and Legal team and gain hands-on exposure to key compliance and legal functions. The role provides valuable insight into financial services legislation, including but not limited to FAIS, POPIA, FICA and the Insurance Act.

Key Responsibilities and Duties
  • Manage the complaints process, ensuring timely resolution and accurate record-keeping
  • Support FAIS oversight of sales teams’ fit and proper requirements
  • Monitor adherence to regulatory requirements
  • Coordinate and track compliance training programmes
  • Perform compliance monitoring activities in line with the annual compliance plan
  • Test controls and identify compliance gaps
  • Draft and maintain compliance management reports for internal and regulatory use
  • Contribute to policy reviews and assist with implementing compliance frameworks
  • Assist with information requests from regulatory bodies such as the Financial Sector Conduct Authority and the Prudential Authority
Minimum Requirements
  • Grade 12 / Matric
  • Degree in LLB, BCom Law, Compliance, Risk Management or a related qualification
  • Advantageous: Completed Compliance Certificate
  • Certified copy of South African ID
  • Certified copies of qualifications
  • Curriculum Vitae and motivational letter
  • South African citizen aged between 18 and 35 years
  • Must not have previously completed a SETA or Government-funded internship
Knowledge and Skills
  • Strong written and verbal communication skills
  • High level of determination, proactivity and willingness to learn
  • Strong problem-solving ability and attention to detail
  • Ability to work well in a team-oriented environment
  • Excellent customer service skills
  • Ability to support sales teams
  • Proficiency in Microsoft Office and Windows operating systems
Applications

Preference will be given to PDI candidates in line with Employment Equity requirements.

How to Apply

Interested and suitably qualified candidates should submit the following documents:

  • Updated CV
  • Motivational letter
  • Certified copy of South African ID
  • Certified copies of qualifications

Applications must be emailed to [email protected] before the closing date of 22 December 2025.

If you do not receive feedback within two weeks from the date of application, please consider your application unsuccessful.

Bidvest Insurance is an authorised Financial Services Provider.

Closing Date: 22 December 2025