Insurance : Compliance Officer

Hr Options; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading recruitment agency is seeking an experienced Compliance Officer in Johannesburg. This role involves regulatory monitoring, policy development, and training. Candidates must have a degree related to compliance, with 3-5 years of experience in the insurance industry. Strong analytical and communication skills are essential. The position offers an opportunity to enhance compliance processes within the company.

Qualifications

• Minimum of 3-5 years in regulatory compliance or legal roles within the insurance industry.
• Demonstrated experience in policy development and compliance audits.
• Analytical ability to review regulatory changes and their business impacts.

Responsibilities

• Monitor insurance regulations and ensure compliance.
• Develop and implement compliance policies.
• Design and deliver compliance training programs.
• Conduct risk assessments and compliance audits.
• Prepare compliance reports for management.

Skills

Regulatory Monitoring

Policy Development and Implementation

Training and Education

Risk Assessment

Reporting

Advisory Support

Incident Management

Continuous Improvement

Analytical Acumen

Communication Skills

Attention to Detail

Problem-Solving

Project Management

Education

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

Professional certifications (CCEP, CICP)

Tools

Compliance software

Data analytics tools

Microsoft Office Suite

Job description

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.

Qualifications and Experience

• Complete 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.
• 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 Judgment: 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.