Compliance Monitoring Specialist

Salix Recruitment; Johannesburg; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A compliance-focused recruitment agency is seeking a Compliance Monitoring Specialist in Johannesburg. The role involves overseeing compliance monitoring for insurance licenses, managing third-party providers, and preparing compliance reports, ensuring strict adherence to South African legislation. Ideal candidates have at least 3 years of relevant experience and a strong understanding of compliance software. This position promises a collaborative work environment emphasizing professionalism and ethics.

Qualifications

• Minimum 3 years compliance monitoring experience in insurance or financial services.
• Strong understanding of South African insurance legislation and global compliance standards.
• Experience overseeing Intermediaries, Binder Holders, or Outsourced Providers.

Responsibilities

• Conduct compliance monitoring and risk-based assessments.
• Oversee regulatory compliance across internal teams and third-party providers.
• Manage and monitor Binder Holders and Intermediaries.
• Develop and implement Compliance Risk Management Plans (CRMPs).
• Prepare clear compliance reports and engage with regulators.

Skills

Attention to detail

High ethical standards

Proactive mindset

Adaptability

Education

Matric (Grade 12)

LLB

RE1 & RE5 (Compliance certification)

Tools

Exclaim Risk and Compliance Software

MS Office Suite

Job description

Overview

Are you an experienced compliance professional with a sharp eye for detail, a deep understanding of South African insurance regulations, and a passion for protecting customers and businesses alike? This is your opportunity to step into a high-impact role where your expertise will shape compliance excellence.

As the Compliance Monitoring Specialist, you will take ownership of independent, risk-based compliance monitoring activities across our Short-Term and Long-Term Insurance licenses. Youll oversee contracted Intermediaries and Binder Holders, ensuring strict adherence to South African legislation, including the Insurance Act, FAIS, FICA, POPIA, PPR, TCF, and Prudential Standards.

You will deliver on a Board-approved annual monitoring plan, leverage the Exclaim Risk and Compliance Software, and collaborate closely with stakeholders to manage compliance risks effectively.

Join a company where compliance is a strategic priority, not just a checkbox. Work with a collaborative, high-integrity team that values professionalism, ethics, and adaptability, while shaping our approach to compliance monitoring in a regulated, fast-paced industry.

Key Responsibilities

• Conduct compliance monitoring and risk-based assessments.
• Oversee regulatory compliance across internal teams and third-party providers.
• Manage and monitor Binder Holders and Intermediaries.
• Develop and implement Compliance Risk Management Plans (CRMPs).
• Prepare clear compliance reports and engage with regulators.
• Administer and optimise the Exclaim Risk and Compliance Software.
• Drive training and awareness initiatives.
• Promote Treating Customers Fairly (TCF) and uphold market conduct standards.

Qualifications & Experience

• Matric (Grade 12)
• LLB
• RE1 & RE5 (Compliance certification such as CPrac(SA) advantageous)
• Minimum 3 years compliance monitoring experience in insurance / financial services, including oversight of Intermediaries, Binder Holders, or Outsourced Providers.
• Proficient in Exclaim or similar compliance software and MS Office Suite.
• Strong understanding of South African insurance legislation and global compliance standards.

Skills & Competencies

• High ethical standards, integrity, and professionalism.
• Attention to detail with a commitment to accuracy.
• Proactive, solution-oriented mindset.
• Independence and objectivity in assessments.
• Collaborative team player with strong customer service orientation.
• Adaptable and committed to ongoing learning.
• Accountability and ownership of responsibilities.

Application Information

If you do not receive a response within two weeks , please consider your application unsuccessful. Your profile will be kept in our database for other suitable roles.