Compliance Officer - Insurance

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

Benefits offered by this job

Hybrid work model

Medical aid

Retirement fund

Professional development

Stable environment

Job summary

Placements24 in Upington is seeking a meticulous Compliance Officer to ensure adherence to regulatory requirements within its insurance operations. You will oversee compliance frameworks, conduct audits, and advise on regulatory changes to safeguard the business.

The role requires a Bachelor's degree in Law/Finance/Business Admin and at least 5 years of compliance experience in insurance, with strong analytical and communication skills.

Qualifications

• Bachelors degree in Law, Finance, Business Administration or related field.
• Minimum of 5 years of experience in a compliance or legal role, preferably within the insurance industry.
• Strong understanding of South African insurance regulations and compliance frameworks.

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor relevant legislation and regulatory changes affecting the insurance industry.
• Conduct regular internal audits and risk assessments to ensure compliance.
• Advise management and staff on compliance matters and best practices.
• Investigate potential compliance breaches and recommend corrective actions.
• Prepare compliance reports for senior management and regulatory bodies.

Skills

Regulatory compliance

Audit

Regulatory knowledge

Analytical skills

Communication skills

Education

Bachelor's degree in Law/Finance/Business Administration

Job description

About the Role

Our client is seeking a meticulous and knowledgeable Compliance Officer to ensure adherence to all regulatory requirements within their insurance operations in Upington . This role is crucial for maintaining the company's integrity and reputation by overseeing compliance frameworks, conducting audits, and advising on regulatory changes. You will play a key role in safeguarding the business against legal and financial risks associated with non-compliance. This is an excellent opportunity for a dedicated professional to contribute to a stable and ethical organization, ensuring robust governance and regulatory adherence in the financial services sector .

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor relevant legislation and regulatory changes affecting the insurance industry.
• Conduct regular internal audits and risk assessments to ensure compliance.
• Advise management and staff on compliance matters and best practices.
• Investigate potential compliance breaches and recommend corrective actions.
• Prepare compliance reports for senior management and regulatory bodies.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 5 years of experience in a compliance or legal role, preferably within the insurance industry.
• Thorough understanding of South African insurance regulations and compliance frameworks.
• Strong analytical and investigative skills.
• Excellent written and verbal communication skills.
• High level of integrity and attention to detail.

Benefits

• Competitive salary and performance-related incentives.
• Hybrid work model offering flexibility.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for ongoing professional development and certifications.
• A stable and professional working environment in Upington .