Insurance Compliance Officer - Regulatory Affairs

Placements24; Soweto; On-site; ZAR 360,000 - 600,000; Full time

Benefits offered by this job

Professional development

Health and retirement benefits

Stable work environment

Regulatory exposure

Job summary

Placements24 in Soweto, Gauteng, is seeking an Insurance Compliance Officer to ensure adherence to SA insurance laws and industry standards. The role involves developing, implementing, and monitoring compliance programs and advising management on regulatory matters.

You will conduct internal audits, liaise with regulators, train staff, and prepare regulatory reports, with a focus on risk mitigation and ethical practice.

Qualifications

• 3+ years in compliance, legal, or regulatory affairs within insurance is preferred.
• Strong understanding of South African insurance laws and regulations.
• Excellent analytical, research, and problem-solving skills.
• Detail-oriented with strong organizational and time management abilities.

Responsibilities

• Develop, implement, and manage the company's compliance program.
• Monitor changes in insurance laws and ensure policies are updated.
• Conduct internal audits and assessments to ensure compliance.
• Investigate potential breaches and recommend corrective actions.
• Provide guidance and training to staff on compliance topics.
• Prepare and submit regulatory reports to authorities.
• Liaise with regulatory bodies and external auditors.
• Maintain accurate records of compliance activities.
• Advise management on risk and mitigation strategies.

Skills

Analytical skills

Written and verbal communication

Detail-oriented

Time management

Independent and teamwork

Education

Legal or business degree

Tools

Microsoft Office Suite

Compliance management software

Job description

About the Role

Our client, a reputable insurance company operating in Soweto, Gauteng , is looking for a diligent and detail-oriented Insurance Compliance Officer. This role is essential for ensuring the company adheres to all relevant laws, regulations, and industry standards governing the insurance sector. The Compliance Officer will be responsible for developing, implementing, and monitoring compliance programs, conducting internal audits, and advising management on regulatory matters. The ideal candidate will possess a strong understanding of insurance regulations, exceptional analytical skills, and a commitment to ethical practices. This position is vital for maintaining the company's integrity and mitigating legal and financial risks within the Soweto operations.

Key Responsibilities

• Develop, implement, and manage the company's compliance program.
• Monitor changes in insurance laws and regulations and ensure the company's policies and procedures are updated accordingly.
• Conduct regular internal audits and assessments to ensure adherence to compliance standards.
• Investigate potential compliance breaches and recommend corrective actions.
• Provide guidance and training to staff on compliance-related matters.
• Prepare and submit regulatory reports to relevant authorities.
• Liaise with regulatory bodies and external auditors.
• Maintain accurate records of compliance activities.
• Advise management on potential compliance risks and mitigation strategies.
• Promote a culture of compliance throughout the organization.

Requirements

• A minimum of 3 years of experience in compliance, legal, or regulatory affairs, preferably within the insurance industry.
• Solid understanding of South African insurance laws and regulations.
• Excellent analytical, research, and problem-solving skills.
• Strong written and verbal communication skills.
• Detail-oriented with strong organizational and time management abilities.
• Ability to work independently and as part of a team.
• Proficiency in Microsoft Office Suite and compliance management software.
• A relevant legal or business degree is preferred.
• Experience in conducting internal audits is an advantage.
• Familiarity with the insurance market in Gauteng .

Benefits

• An annual salary of R .
• Opportunities for professional development and specialized training in compliance.
• A stable work environment with a focus on ethical conduct.
• Comprehensive health and retirement benefits.
• Exposure to a wide range of regulatory challenges and solutions.
• Chance to contribute to the company's risk management and reputation.