Insurance Compliance Officer

Placements24; Richards Bay; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Fully remote work

Medical aid

Retirement fund

Job summary

Placements24 is recruiting an Insurance Compliance Officer for a fully remote role in South Africa. You will design, implement and maintain compliance programs to ensure adherence to the Insurance Act, FAIS Act and related regulations, while guiding staff remotely and tracking regulatory changes.

The role emphasizes audits, policy updates, and training, with a strong focus on integrity and risk management in a fully remote setting across SA.

Qualifications

• Law degree or equivalent with corporate/regulatory focus.
• Minimum 4 years in a compliance role within SA insurance/financial services.
• Knowledge of Insurance Act, FAIS Act, and SA financial regs.
• Experience developing compliance frameworks and conducting internal audits.
• Strong analytical, critical thinking and problem-solving skills.
• Excellent communication and interpersonal skills for remote training.

Responsibilities

• Develop, implement and maintain a compliance program aligned to SA insurance laws and regulations.
• Conduct regular internal audits and reviews to ensure adherence to standards.
• Monitor regulatory changes and update internal policies and training materials.
• Provide guidance and training to employees on compliance matters remotely.
• Investigate and address potential compliance breaches and implement corrective actions.
• Prepare and submit required compliance reports to regulatory bodies within the remote framework.

Skills

Regulatory compliance

Analytical thinking

Communication skills

Problem solving

Education

Law degree

Compliance specialization

Job description

About the Role

Our client is seeking a vigilant and knowledgeable Insurance Compliance Officer to join their fully remote team. This role is essential for ensuring that all company operations and policies adhere strictly to the complex web of South African insurance regulations and industry standards. You will be responsible for developing and implementing compliance programs, conducting internal audits, and providing guidance on regulatory matters. Your expertise will be crucial in safeguarding the company against legal and financial penalties, maintaining its reputation, and fostering a culture of integrity and ethical conduct throughout the organization, all managed within a dedicated remote work environment.

Key Responsibilities

• Develop, implement, and maintain a robust compliance program that aligns with all relevant South African insurance laws and regulations.
• Conduct regular internal audits and reviews of company processes and procedures to ensure adherence to compliance standards.
• Monitor changes in the regulatory landscape and update internal policies and training materials accordingly.
• Provide expert guidance and training to employees on compliance matters, fostering a culture of regulatory awareness.
• Investigate and address any potential compliance breaches or concerns, recommending and implementing corrective actions.
• Prepare and submit required compliance reports to regulatory bodies in a timely and accurate manner, maintaining comprehensive documentation for all compliance activities within the remote framework.

Requirements

• Law degree or equivalent qualification, with a specialization in corporate law or regulatory compliance.
• Minimum of 4 years of experience in a compliance role within the South African insurance or financial services sector.
• In-depth knowledge of the Insurance Act, FAIS Act, and other relevant South African financial regulations.
• Proven experience in developing and implementing compliance frameworks and conducting internal audits.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent communication and interpersonal skills, essential for engaging with stakeholders and delivering training remotely.

Benefits

• Competitive annual salary with performance-based bonuses.
• Fully remote work arrangement, offering significant flexibility and autonomy.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for continuous professional development and specialized compliance training.
• A supportive and ethical work environment focused on integrity and regulatory excellence.