Compliance Officer - Insurance

Placements24; Gqeberha; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Medical benefits

Retirement plan

Professional development

Hybrid work model

Ethical culture

Job summary

Placements24 is seeking a diligent Compliance Officer to join our insurance operations in Port Elizabeth. This hybrid role ensures adherence to South African laws, regulations, and internal policies, with responsibilities including monitoring regulatory changes, developing compliance programs, and conducting internal audits.

The ideal candidate has at least four years of regulatory experience in insurance, strong analytical and communication skills, and a high level of integrity.

Qualifications

• Analytical skills to interpret regulatory documents and assess compliance risks.
• Strong understanding of regulatory frameworks within the SA insurance industry.
• Excellent communication and presentation skills to train staff and liaise with regulators.
• High level of integrity and ethical conduct in all compliance activities.

Responsibilities

• Monitor and interpret changes in insurance regulations.
• Develop, implement, and maintain compliance policies and procedures.
• Conduct internal audits and reviews to assess adherence to regulations and policies.
• Provide compliance training and guidance to staff across departments.
• Investigate potential compliance breaches and recommend corrective actions.
• Liaise with regulatory bodies and external auditors as needed.

Skills

Analytical skills

Regulatory knowledge

Communication skills

Ethical conduct

Job description

About the Role

Our client is seeking a diligent and knowledgeable Compliance Officer to join their insurance operations in Port Elizabeth. This hybrid role ensures the company adheres to all relevant laws, regulations, and internal policies governing the insurance industry. You will monitor regulatory changes, develop compliance programs, and conduct internal audits to ensure adherence. The ideal candidate is meticulous, possesses strong ethical standards, and has a keen eye for detail, contributing to the company's integrity and lawful operations.

Key Responsibilities

• Monitor and interpret changes in insurance regulations and legislation.
• Develop, implement, and maintain compliance policies and procedures.
• Conduct internal audits and reviews to assess adherence to regulations and policies.
• Provide compliance training and guidance to staff across various departments.
• Investigate potential compliance breaches and recommend corrective actions.
• Liaise with regulatory bodies and external auditors as needed.

Requirements

• Minimum of 4 years of experience in a compliance or regulatory role, preferably in the insurance sector.
• Thorough understanding of South African insurance laws and regulatory frameworks.
• Strong analytical skills and the ability to interpret complex legal and regulatory documents.
• Excellent communication and presentation skills.
• High level of integrity and ethical conduct.

Benefits

• Competitive annual salary and potential for performance bonuses.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and certifications in compliance.
• A hybrid work environment offering a blend of office and remote flexibility.
• A supportive culture that values ethical conduct and regulatory adherence.