Compliance Officer - Insurance Operations

Placements24; Bloemfontein; On-site; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Professional development

Job summary

Placements24 is seeking a meticulous Compliance Officer for our Bloemfontein, Free State operations to oversee regulatory adherence in the insurance sector.

You will interpret regulations, develop policies, conduct audits, and train staff, ensuring robust compliance and reporting to management and regulators.

Qualifications

• 4+ years of experience in a compliance role, preferably within the insurance industry.
• Thorough knowledge of South African insurance legislation (FAIS, FICA, Insurance Act).
• Strong understanding of regulatory frameworks and compliance best practices.
• Excellent written and verbal communication skills.

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Interpret and advise on relevant legislation, regulations, and industry codes of conduct affecting the insurance sector.
• Monitor business activities to ensure compliance with all applicable laws and regulations.
• Conduct regular internal audits and risk assessments to identify areas of non-compliance.
• Develop and deliver compliance training programs to employees.
• Investigate compliance breaches and recommend corrective actions.
• Liaise with regulatory bodies, such as the FSCA.
• Maintain and update compliance policies, procedures, and documentation.
• Prepare compliance reports for senior management and regulatory authorities.
• Stay current with changes in insurance regulations and advise the business accordingly.

Skills

Analytical skills

Investigative skills

Problem-solving

Communication

Education

Law/Commerce/Business Admin degree

Tools

Regulatory reporting tools

Job description

About the Role

Our client, a well-established insurance company, is seeking a dedicated and meticulous Compliance Officer to oversee and ensure adherence to all regulatory requirements within their Bloemfontein, Free State operations. This role is essential for maintaining the company's integrity and reputation by implementing and monitoring robust compliance frameworks. You will work closely with various departments to interpret regulations, develop policies, and conduct internal audits. This is a significant opportunity for a compliance professional to contribute to a stable and respected organization. The position requires your consistent presence at our Bloemfontein office to facilitate direct oversight and collaboration.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Interpret and advise on relevant legislation, regulations, and industry codes of conduct affecting the insurance sector.
• Monitor business activities to ensure compliance with all applicable laws and regulations.
• Conduct regular internal audits and risk assessments to identify areas of non-compliance.
• Develop and deliver compliance training programs to employees.
• Investigate compliance breaches and recommend corrective actions.
• Liaise with regulatory bodies, such as the Financial Sector Conduct Authority (FSCA).
• Maintain and update compliance policies, procedures, and documentation.
• Prepare compliance reports for senior management and regulatory authorities.
• Stay current with changes in insurance regulations and advise the business accordingly.

Requirements

• A relevant degree in Law, Commerce, Business Administration, or a related field.
• Minimum of 4 years of experience in a compliance role, preferably within the insurance industry.
• Thorough knowledge of South African insurance legislation (e.g., FAIS Act, FICA, Insurance Act).
• Strong understanding of regulatory frameworks and compliance best practices.
• Excellent analytical, investigative, and problem-solving skills.
• Proficiency in regulatory reporting and compliance management systems.
• Strong written and verbal communication skills.
• High level of integrity and ethical conduct.
• Ability to work independently and as part of a team in a structured office environment.
• Attention to detail and strong organizational skills.

Benefits

• Our client offers a competitive salary and benefits package, including medical aid and a provident fund.
• Opportunities for professional development and further compliance-related training are provided.
• The role is based in a convenient Bloemfontein location, offering a stable work environment within a respected financial institution.
• Join a dedicated team focused on maintaining the highest standards of regulatory adherence and ethical business practices.