Insurance Compliance Officer

Placements24; Riverton (UT); Presencial; USD 42.000 - 79.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Competitive salary

Annual bonus

Medical aid

Retirement fund

Professional development

Descripción de la vacante

Placements24 in Upington, Northern Cape seeks an Insurance Compliance Officer to develop and manage the compliance program for the financial services sector. The role requires 5+ years in compliance, strong SA insurance law knowledge, and skills in auditing and risk management.

You will interact with regulators, oversee audits, train staff, and implement privacy controls, ensuring integrity across all processes in the office. Relocation to Upington is required.

Formación

• Minimum 5 years in compliance, legal, audit or risk within financial services or insurance.
• In-depth knowledge of South African insurance laws and industry standards.
• Experience with internal controls, audits, and regulatory reporting software.
• Tertiary qualification in Law, Commerce, Finance or related field required.
• Professional compliance certifications (e.g., CCEP, CRM) advantageous.

Responsabilidades

• Develop and maintain the company's compliance program following SA laws (FAIS, PFA, POPIA, FICA).
• Monitor regulatory changes and assess impact on operations, policies and procedures.
• Conduct internal compliance audits and reviews for adherence to policies.
• Investigate breaches, escalate issues, and recommend corrective actions.
• Prepare compliance reports for senior management and regulators.
• Provide staff training on compliance and ethics.
• Advise on risk management strategies related to compliance and regulatory adherence.
• Serve as point of contact for regulators and external auditors.
• Keep up-to-date with industry best practices in compliance and risk.
• Ensure proper implementation and oversight of data privacy regulations.

Conocimientos

Regulatory knowledge

Auditing

Risk management

Analytical thinking

Regulatory reporting

Communication

Educación

Law degree

Commerce degree

Finance degree

Descripción del empleo

About the Role

Our client, a significant player in the insurance industry, is seeking a meticulous and knowledgeable Insurance Compliance Officer to join their team in Upington, Northern Cape . This role is essential for ensuring that all company operations and products adhere strictly to the diverse and evolving South African regulatory landscape governing the financial services sector. You will be responsible for developing, implementing, and monitoring compliance programs, conducting internal audits, and advising management on regulatory requirements and best practices. The ideal candidate will possess a strong understanding of insurance laws and regulations, excellent analytical skills, and a commitment to ethical conduct. This position requires on-site presence at our Upington, Northern Cape office to facilitate effective oversight and engagement with internal stakeholders.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program in line with all applicable South African laws and regulations (e.g., FAIS Act, PFA, POPIA, FICA).
• Monitor regulatory changes and assess their potential impact on the company's operations, policies, and procedures.
• Conduct regular internal compliance audits and reviews to ensure adherence to policies and regulations.
• Investigate potential compliance breaches, elevate issues as necessary, and recommend corrective actions.
• Prepare compliance reports for senior management and regulatory bodies.
• Provide training and guidance to staff on compliance matters and ethical conduct.
• Advise management on risk management strategies related to compliance and regulatory adherence.
• Act as a key point of contact for regulatory authorities and external auditors on compliance matters.
• Maintain up-to-date knowledge of industry best practices in compliance and risk management.
• Ensure the proper implementation and oversight of data privacy regulations.

Requirements

• A minimum of 5 years of experience in compliance, legal, audit, or risk management within the financial services or insurance sector.
• In-depth knowledge of South African insurance laws, regulations, and industry standards.
• Strong understanding of compliance frameworks, internal controls, and audit procedures.
• Excellent analytical, problem-solving, and investigative skills.
• Proficiency in regulatory reporting and compliance management software.
• A relevant tertiary qualification in Law, Commerce, Finance, or a related field is essential.
• Professional compliance certifications (e.g., CCEP, CRM) are highly advantageous.
• Strong communication, interpersonal, and presentation skills.
• Meticulous attention to detail and a commitment to accuracy and integrity.
• Must be based in or willing to relocate to Upington, Northern Cape .

Benefits

• A competitive annual salary of up to ZAR, commensurate with experience and qualifications.
• Annual bonus based on company and individual performance.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for ongoing professional development and specialized compliance training.
• A stable and responsible role within a reputable organization.
• Located at our key regional office in Upington, Northern Cape .
• Support for maintaining professional certifications.