Senior Insurance Compliance Officer

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

Benefits offered by this job

Hybrid work model

Medical aid and retirement fund

Generous leave and development

Job summary

Placements24 is seeking a Senior Insurance Compliance Officer for our Randburg office. This hybrid role focuses on developing, implementing, and monitoring compliance programs to ensure operations meet South Africa's regulatory requirements.

You will advise business units on FAIS, FICA, and POPIA, conduct audits, and drive training. The ideal candidate has 5–7 years in insurance compliance and strong analytical and communication skills.

Qualifications

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• 5–7 years of experience in compliance, preferably in insurance or financial services.
• In-depth knowledge of South African insurance legislation and regulatory frameworks (e.g., FAIS, FICA, POPIA).
• Strong analytical, risk assessment, and problem-solving skills.
• Excellent written and verbal communication with ability to influence stakeholders.
• Experience developing and delivering compliance training.
• Ability to work independently and in a hybrid work setting.
• Professional compliance qualifications (e.g., CCEP, CRM) are advantageous.

Responsibilities

• Develop, implement, and maintain the company's compliance framework and policies.
• Monitor regulatory changes impacting the insurance industry and assess their impact on the business.
• Conduct regular compliance audits and risk assessments across various departments.
• Provide expert advice and guidance to business units on regulatory requirements and best practices.
• Investigate potential compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs for employees.
• Prepare compliance reports for senior management and regulatory authorities.
• Liaise with regulatory bodies and external auditors.
• Stay abreast of industry developments and emerging compliance risks.
• Manage the company's response to regulatory inquiries and examinations.

Skills

Analytical skills

Regulatory knowledge

Risk assessment

Training delivery

Education

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

Job description

About the Role

Our client, a leading insurer, is seeking an experienced Senior Insurance Compliance Officer for their Randburg office. This hybrid role offers the chance to contribute significantly to the firm’s adherence to regulatory standards while enjoying a flexible work arrangement. You will be responsible for developing, implementing, and monitoring compliance programs to ensure that all operations meet legal and regulatory requirements. The ideal candidate possesses a strong understanding of the insurance regulatory landscape, excellent analytical skills, and the ability to effectively advise and guide business units on compliance matters. This senior position plays a critical role in safeguarding the company’s reputation and integrity.

Key Responsibilities

• Develop, implement, and maintain the company's compliance framework and policies.
• Monitor regulatory changes impacting the insurance industry and assess their impact on the business.
• Conduct regular compliance audits and risk assessments across various departments.
• Provide expert advice and guidance to business units on regulatory requirements and best practices.
• Investigate potential compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs for employees.
• Prepare compliance reports for senior management and regulatory authorities.
• Liaise with regulatory bodies and external auditors.
• Stay abreast of industry developments and emerging compliance risks.
• Manage the company's response to regulatory inquiries and examinations.

Requirements

• A Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 5-7 years of experience in compliance, preferably within the insurance or financial services sector.
• In-depth knowledge of South African insurance legislation and regulatory frameworks (e.g., FAIS, FICA, POPIA).
• Strong analytical, risk assessment, and problem-solving skills.
• Excellent written and verbal communication skills, with the ability to influence stakeholders.
• Experience in developing and delivering compliance training.
• Ability to work independently and collaboratively in a hybrid work setting.
• High level of integrity and professional ethics.
• Professional compliance qualifications (e.g., CCEP, CRM) are highly advantageous.

Benefits

• A competitive annual salary of R , commensurate with experience and expertise.
• Hybrid work model offering a balance of office-based and remote work.
• Significant role in ensuring regulatory adherence for a major insurance player.
• Comprehensive medical aid and retirement fund contributions.
• Generous annual leave and other statutory benefits.
• Opportunities for professional development and continuing education.
• A dynamic and professional work environment in Randburg .