Insurance Compliance Officer (Remote)

Placements24; Paarl; Remote; ZAR 700,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Remote work flexibility

Job summary

Placements24 is seeking an Insurance Compliance Officer for a fully remote role. You will develop and monitor compliance programs, conduct internal audits, and advise on regulatory matters within the South African insurance landscape from home.

Candidates should have 5+ years in compliance or audit, with strong knowledge of FAIS, FICA and ICOFI. The role emphasizes independence, remote work discipline, and high ethical standards.

Qualifications

• Bachelor’s degree in a relevant field is required.
• Minimum of 5 years in compliance, legal, or audit, preferably in insurance.
• Strong knowledge of SA insurance laws and regulatory frameworks (FAIS, FICA, ICOFI).
• Ability to design and implement effective compliance programs.
• Excellent written and verbal communication with high integrity.

Responsibilities

• Develop, implement and maintain a comprehensive compliance program.
• Monitor adherence to laws, regulations and codes of conduct.
• Conduct internal audits and reviews to identify issues and gaps.
• Investigate compliance concerns and coordinate corrective actions.
• Deliver training programs on compliance to staff at all levels.
• Stay updated on regulatory changes affecting insurance industry.
• Advise management on risks and mitigation strategies.
• Prepare and submit regulatory reports to authorities.
• Manage relationships with regulators and external auditors.
• Ensure policies align with current compliance standards.

Skills

Analytical skills

Research abilities

Problem solving

Risk management

Communication skills

Education

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

Job description

About the Role

Our client, a reputable player in the insurance market, is seeking a diligent and experienced Insurance Compliance Officer to join their fully remote team. This critical role ensures that the company operates in full compliance with all relevant laws, regulations, and industry standards. The Compliance Officer will be responsible for developing, implementing, and monitoring compliance programs, conducting internal audits, and providing guidance on regulatory matters. As a fully remote position, we are looking for a self-starter with exceptional organizational skills and the ability to manage compliance initiatives effectively without direct supervision. While the role is remote, understanding the regulatory landscape relevant to Paarl, Western Cape, ZA, and the broader South African context is crucial. This is an excellent opportunity to contribute to the integrity and ethical operations of a growing insurance company from the comfort of your home.

Key Responsibilities

• Develop, implement, and maintain a comprehensive compliance program for the organization.
• Monitor adherence to all applicable laws, regulations, and industry codes of conduct.
• Conduct regular internal audits and reviews to identify potential compliance issues and gaps.
• Investigate reported compliance concerns and breaches, recommending and implementing corrective actions.
• Develop and deliver compliance training programs to employees at all levels.
• Stay updated on changes in legislation and regulatory requirements impacting the insurance industry.
• Advise management on compliance risks and strategies to mitigate them.
• Prepare and submit regulatory reports as required by authorities.
• Manage relationships with regulatory bodies and external auditors.
• Ensure that all company policies and procedures are aligned with current compliance standards.

Requirements

• Bachelor's degree in Law, Business Administration, Finance, or a related field.
• Minimum of 5 years of experience in compliance, legal, or audit roles, preferably within the insurance sector.
• In-depth knowledge of South African insurance laws, regulations (e.g., FAIS, FICA, ICOFI), and compliance best practices.
• Proven ability to develop and implement effective compliance programs.
• Excellent analytical, research, and problem-solving skills.
• Strong understanding of risk management principles.
• Exceptional written and verbal communication skills, with the ability to explain complex regulations clearly.
• High ethical standards and integrity.
• Demonstrated ability to work independently and manage multiple priorities in a remote setting.
• Familiarity with the business environment in Paarl, Western Cape, ZA, and its regulatory implications is beneficial.

Benefits

• Our client offers a competitive salary, commensurate with your expertise and experience.
• Performance-based bonuses are structured to recognize outstanding contributions.
• Comprehensive medical aid and a provident fund are part of the benefits package.
• Generous paid time off, including annual leave and sick days, is provided.
• Opportunities for continuous professional development are available, including relevant training and certifications.
• This role is fully remote, offering significant flexibility and work-life balance.
• Our client is committed to fostering a supportive, ethical, and collaborative virtual work environment.
• Access to resources for professional networking and development is provided.