Senior Insurance Compliance Officer

Placements24; Polokwane; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Hybrid working model

Medical aid

Retirement benefits

Job summary

Placements24 in Polokwane, Limpopo, seeks a Senior Insurance Compliance Officer to lead the company's regulatory compliance program. You will monitor SA insurance laws, conduct audits, and guide risk management strategies while training staff on compliance matters.

The role requires a strong background in law or risk, with experience in FAIS Act and POGDA. A hybrid work setup and opportunities in a leading financial institution are offered.

Qualifications

• Bachelor's degree in Law or related field.
• 6+ years in insurance compliance, legal or risk management.
• Deep knowledge of SA insurance legislation (FAIS Act, POGDA).

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor changes in insurance laws and regulations and assess impact.
• Conduct regular compliance audits and risk assessments across departments.
• Provide expert advice and training to staff on compliance matters.
• Investigate potential compliance breaches and recommend corrective actions.
• Liaise with regulatory authorities and represent the company in compliance matters.
• Develop and update compliance policies and procedures.
• Ensure adherence to data protection and privacy regulations.
• Prepare compliance reports for senior management and the board in Polokwane.

Skills

Analytical skills

Regulatory knowledge

Risk management

Audit experience

Education

Bachelor's degree in Law

Job description

About the Role

Our client is seeking a highly experienced Senior Insurance Compliance Officer to join their dedicated team in Polokwane, Limpopo . This critical role ensures that the company adheres to all applicable laws, regulations, and internal policies governing the insurance industry. The ideal candidate will possess a deep understanding of compliance frameworks, strong analytical skills, and the ability to provide strategic guidance on risk management and regulatory adherence. You will play a key part in maintaining the company's integrity and reputation by proactively identifying and mitigating compliance risks. This is an excellent opportunity to contribute to a leading financial institution in Polokwane , safeguarding its operations and fostering a culture of compliance.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.


• Monitor changes in insurance laws and regulations and assess their impact on the business.


• Conduct regular compliance audits and risk assessments across all departments.


• Provide expert advice and training to staff on compliance matters.


• Investigate potential compliance breaches and recommend corrective actions.


• Liaise with regulatory authorities and represent the company in compliance-related matters.


• Develop and update compliance policies and procedures as required.


• Ensure adherence to data protection and privacy regulations.


• Prepare compliance reports for senior management and the board of directors in Polokwane, Limpopo .

Requirements

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


• Minimum of 6 years of experience in insurance compliance, legal, or risk management.


• In-depth knowledge of South African insurance legislation (e.g., FAIS Act, POGDA).


• Proven experience in developing and implementing compliance programs.


• Strong analytical, problem-solving, and decision-making skills.


• Excellent communication, presentation, and interpersonal abilities.


• Experience in conducting audits and investigations.


• Ability to work independently and manage multiple priorities effectively.


• Professional certifications (e.g., Certified Compliance Professional) are advantageous.

Benefits

• competitive remuneration package, including a substantial salary, performance incentives


• comprehensive medical aid


• retirement benefits

Opportunities for continuous professional development and career advancement are abundant. Employees benefit from a hybrid working model, fostering a healthy work-life balance in Polokwane . Join a team that values integrity and compliance.