About the Role
Our client, a reputable insurance firm, is seeking an experienced Senior Compliance Officer to join their team in Polokwane, Limpopo. This crucial role ensures that all operations and activities adhere to relevant laws, regulations, and internal policies. You will be responsible for developing, implementing, and maintaining the company's compliance program, conducting audits, and providing guidance to staff on regulatory matters. The ideal candidate will possess a strong understanding of the insurance industry's regulatory landscape in South Africa, excellent analytical skills, and the ability to influence and guide stakeholders. This is a significant opportunity for a compliance professional to make a substantial impact within the Polokwane branch and contribute to the company's ethical and legal standing.
Key Responsibilities
- Develop, implement, and manage the company's compliance program and policies.
- Monitor changes in relevant legislation and regulatory requirements, assessing their impact on the business.
- Conduct regular compliance audits and reviews to identify potential areas of non-compliance.
- Provide guidance and training to employees on compliance matters and best practices.
- Investigate compliance breaches and recommend corrective actions.
- Liaise with regulatory bodies and external auditors on compliance-related issues.
- Develop and maintain compliance documentation and records.
- Advise management on compliance risks and strategies.
- Ensure adherence to data protection and privacy regulations.
- Promote a culture of compliance and ethical conduct throughout the organization.
Requirements
- A Bachelor's degree in Law, Business Administration, Finance, or a related field.
- Minimum of 5 years of experience in compliance, legal, or audit roles within the insurance or financial services industry.
- In-depth knowledge of South African insurance laws, regulations (e.g., FAIS, FICA, POPIA), and industry codes.
- Proven experience in developing and implementing compliance programs.
- Strong analytical, problem-solving, and risk assessment skills.
- Excellent communication, presentation, and interpersonal skills.
- Ability to work independently and manage multiple priorities effectively.
- High level of integrity and ethical conduct.
- Experience in conducting internal audits and investigations.
- Relevant professional qualifications or certifications in compliance are highly desirable.
Benefits
- Competitive salary package commensurate with experience and expertise.
- Performance-based bonuses.
- Comprehensive medical aid and retirement fund contributions.
- Opportunities for professional development and continued learning.
- A stable and supportive work environment in Polokwane, Limpopo.
- Exposure to a wide range of compliance challenges within the insurance sector.
- Contribution to maintaining the company's integrity and reputation.
- Generous leave policy.