Insurance Compliance Manager

Placements24; Kimberley; Hybrid; CAD 85,000 - 100,000; Full time

Benefits offered by this job

Hybrid work model

Competitive salary

Professional development

Medical benefits

Job summary

Placements24 is seeking an experienced Insurance Compliance Manager for our client in Kimberley. This role focuses on designing and overseeing compliance programs within the South African regulatory framework, shaping risk management strategies across departments.

The successful candidate will monitor regulatory changes, conduct internal audits, and lead training initiatives to foster a culture of compliance within a respected financial institution. Hybrid work options are available.

Qualifications

• In-depth knowledge of regulatory requirements in the insurance/financial services sector.
• Strong analytical and investigative capabilities.
• Excellent written and verbal communication skills across departments.
• Proven ability to lead projects and drive compliance initiatives.

Responsibilities

• Develop and implement comprehensive compliance policies aligned with regulatory requirements.
• Conduct internal audits and risk assessments to identify compliance gaps.
• Monitor regulatory changes and update policies accordingly.
• Oversee compliance training programs for all employees.
• Investigate potential compliance issues and recommend corrective actions.
• Liaise with regulatory authorities and represent the company on compliance matters.

Skills

Regulatory knowledge

Analytical skills

Communication skills

Project leadership

Education

Bachelor's degree in Law/Finance/Business Administration

Job description

About the Role

Our client is seeking a seasoned Insurance Compliance Manager to oversee compliance operations and risk management strategies for their operations in Kimberley . This role requires a deep understanding of the regulatory landscape governing the insurance industry in South Africa. You will be responsible for developing, implementing, and monitoring compliance programs, ensuring adherence to all legal and regulatory requirements. The successful candidate will work closely with various departments to foster a culture of compliance and mitigate regulatory risks, playing a key role in maintaining the company's integrity and reputation. This position offers significant responsibility and the chance to make a tangible impact within a respected financial institution.

Key Responsibilities

• Develop and implement comprehensive compliance policies and procedures aligned with regulatory requirements.
• Conduct internal audits and risk assessments to identify potential compliance gaps and weaknesses.
• Monitor regulatory changes and ensure proactive updates to company policies and practices.
• Oversee the implementation of compliance training programs for all employees.
• Investigate potential compliance issues and recommend appropriate corrective actions.
• Liaise with regulatory authorities and represent the company in compliance-related matters.

Requirements

• Minimum of 5 years of experience in compliance, legal, or audit roles within the insurance or financial services industry.
• In-depth knowledge of South African insurance legislation and regulatory frameworks (e.g., FAIS Act, FICA, Insurance Act).
• Strong analytical, problem-solving, and investigative skills.
• Excellent written and verbal communication abilities.
• Proven ability to manage complex projects and lead initiatives.
• A relevant bachelor's degree in Law, Finance, or Business Administration is required for this Kimberley position.

Benefits

• Competitive salary package with annual performance bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Support for professional development and industry-specific certifications.
• A hybrid work model that offers flexibility between remote and office-based work.
• A supportive and professional work environment dedicated to ethical conduct and compliance.