Insurance Compliance Officer

Placements24; Soweto; On-site; ZAR 650,000 - 950,000; Full time

Benefits offered by this job

Health insurance

Retirement savings plan

Professional development and education

Paid time off

Job summary

Placements24 in Soweto seeks an Insurance Compliance Officer to ensure adherence to SA insurance laws, regulations, and internal policies. You will monitor compliance, develop controls, conduct audits, and advise staff on regulatory matters to protect the company’s integrity and reputation within Gauteng.

The role requires a Bachelor’s degree and at least 5 years in compliance/audit with solid FAIS and FICA knowledge.

Qualifications

• Bachelor’s degree required in Law, Business, Finance or related field.
• 5+ years of compliance, regulatory affairs or audit experience in financial services or insurance.
• Deep knowledge of SA insurance laws (FAIS, FICA) and strong analytical skills.

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor changes in insurance regulations and assess impact on business.
• Conduct regular internal audits to ensure adherence to policies.
• Investigate incidents and implement corrective actions.
• Prepare compliance reports for management and regulators.
• Provide training and guidance on compliance matters.
• Liaise with external regulatory agencies as required.

Skills

Compliance program

Regulatory affairs

Internal audits

Risk assessment

FAIS knowledge

FICA knowledge

Regulatory reporting

Education

Bachelor's degree in Law, Business, Finance, or related field

Tools

Regulatory frameworks

Job description

About the Role

Our client is seeking a diligent and knowledgeable Insurance Compliance Officer to join their operations in Soweto . This role is essential for ensuring the company adheres to all relevant laws, regulations, and internal policies governing the insurance industry. You will be responsible for monitoring compliance, developing internal controls, conducting audits, and providing guidance to staff on regulatory matters. This is a critical position for maintaining the integrity and reputation of the company within the Gauteng region.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor changes in insurance regulations and legislation, assessing their impact on the business.
• Conduct regular internal audits to ensure adherence to compliance policies and procedures.
• Investigate compliance issues and incidents, recommending and implementing corrective actions.
• Prepare compliance reports for senior management and regulatory bodies.
• Provide training and guidance to employees on compliance-related matters.
• Liaise with external regulatory agencies as required.

Requirements

• Bachelor's degree in Law, Business, Finance, or a related field.
• Significant experience (5+ years) in compliance, regulatory affairs, or audit within the financial services or insurance industry.
• In-depth knowledge of South African insurance laws and regulations (e.g., FAIS, FICA).
• Strong analytical, investigative, and problem-solving skills.
• Excellent communication, reporting, and presentation abilities.
• High level of integrity and attention to detail.

Benefits

• Competitive annual salary and benefits package.
• Comprehensive health insurance and retirement savings plan.
• Opportunities for professional development and continuing education in compliance.
• Generous paid time off.
• A stable and secure work environment contributing to the community in Soweto.