INSURANCE : COMPLIANCE OFFICER

HR Genie; Johannesburg; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A leading compliance and risk management firm in Johannesburg is looking for a Compliance Officer to ensure adherence to regulatory standards. The ideal candidate will have 3-5 years of experience in compliance within the insurance industry, a Bachelor’s degree, and strong analytical skills. Key responsibilities include monitoring regulations, policy development, and providing training to staff, all while collaborating with various teams to enhance compliance processes.

Qualifications

• Minimum of 3-5 years’ experience in regulatory compliance or legal roles within the insurance industry.
• Demonstrated experience in policy development, regulatory reporting, and compliance audits.
• Familiarity with local and international insurance regulations and reporting requirements.

Responsibilities

• Continuously monitor and interpret current and evolving insurance regulations.
• Develop, update, and implement company compliance policies.
• Design and deliver compliance training programs.
• Conduct regular risk assessments and compliance audits.
• Prepare and submit comprehensive compliance reports.
• Serve as the primary point of contact for compliance inquiries.
• Investigate compliance policy violations and manage incidents.
• Oversee regulatory filings and licensing renewals.
• Work closely with internal stakeholders to integrate compliance.

Skills

Regulatory Monitoring

Policy Development

Training and Education

Risk Assessment

Reporting

Analytical Acumen

Communication Skills

Problem-Solving

Project Management

Technological Proficiency

Education

Bachelor’s degree in Law, Business Administration, Finance, Risk Management, Insurance, or a related field

Professional certifications (preferred)

Job description

SUMMARY :

This role is pivotal in developing, implementing, and managing compliance programs.

POSITION INFO :

Compliance Officer position available in Johannesburg.

Key Responsibilities :

• Regulatory Monitoring : Continuously monitor and interpret current and evolving insurance regulations, statutory requirements, and industry standards at the local, national, and international levels.
• Policy Development and Implementation : Develop, update, and implement company compliance policies, ensuring they reflect changes in legislation and regulatory expectations.
• Training and Education : Design and deliver compliance training programs to educate employees on regulatory requirements, company policies, reporting obligations, and ethical considerations.
• Risk Assessment : Conduct regular risk assessments and compliance audits to identify potential areas of vulnerability, recommend corrective actions, and ensure timely remediation of identified issues.
• Reporting : Prepare and submit comprehensive compliance reports to senior management and regulatory authorities, highlighting key findings, risks, and mitigation strategies.
• Advisory Support : Serve as the primary point of contact for compliance-related inquiries, offering expert advice to business units and executive leadership regarding regulatory obligations and industry best practices.
• Incident Management : Investigate suspected or confirmed violations of compliance policies, coordinate with legal counsel as needed, and facilitate effective resolution of compliance incidents.
• Licensing and Filing : Oversee regulatory filings, licensing renewals, and other compliance documentation to ensure timely and accurate submissions to governing bodies.
• Collaboration : Work closely with internal stakeholders—including underwriting, claims, sales, IT, and finance teams—to integrate compliance into business processes and strategic decisions.
• Continuous Improvement : Identify and implement opportunities to streamline compliance processes, leverage new technologies, and enhance the organization’s compliance program.
• Comprehensive Regulatory Knowledge : In-depth understanding of insurance laws, regulations (such as Solvency II, GDPR, FICA, POPIA), and industry practices.
• Analytical Acumen : Strong ability to analyze legal documents, interpret regulatory changes, and assess their impact on business operations.
• Communication Skills : Excellent written and verbal communication skills to clearly convey complex regulatory information to diverse audiences.
• Attention to Detail : High level of accuracy in reviewing documentation, conducting audits, and preparing reports.
• Ethical Judgement : Commitment to maintaining the highest ethical standards and promoting a culture of integrity.
• Problem-Solving : Proactive approach to identifying issues, investigating root causes, and recommending practical solutions.
• Project Management : Ability to manage multiple projects simultaneously, prioritize tasks, and meet tight deadlines.
• Collaboration : Experience working effectively with cross-functional teams and external stakeholders.
• Technological Proficiency : Familiarity with compliance software, data analytics tools, and Microsoft Office Suite.
• Adaptability : Capacity to thrive in a dynamic regulatory environment and adapt to organizational change.
• Bachelor’s degree in Law, Business Administration, Finance, Risk Management, Insurance, or a related field (required)
• Professional certifications such as Certified Compliance & Ethics Professional (CCEP), Certified Insurance Compliance Professional (CICP), or equivalent (preferred)
• Minimum of 3-5 years’ experience in regulatory compliance or legal roles within the insurance industry (required)
• Demonstrated experience in policy development, regulatory reporting, and compliance audits
• Familiarity with local and international insurance regulations and reporting requirements

Qualifications and Experience :

Bachelor’s degree in Law, Business Administration, Finance, Risk Management, Insurance, or a related field (required)

Professional certifications (preferred)

Minimum of 3-5 years’ experience in regulatory compliance or legal roles within the insurance industry (required)

Demonstrated experience in policy development, regulatory reporting, and compliance audits