Junior Compliance Officer

Description:

Hire Resolve's Client is seeking to hire a Junior Compliance Officer that is based in Cape Town. The role involves providing legal advice, supporting compliance monitoring, overseeing regulatory adherence, and maintaining strong compliance oversight of third-party relationships. This position requires strong analytical skills and a keen understanding of compliance regulations within the financial and insurance sectors.

Key Responsibilities:

Compliance & Legal Advisory:

• Ensure compliance with all applicable laws, regulations, and industry standards.
• Provide management with legal advice and opinions as required.
• Support the Compliance Department in implementing legislation and compliance monitoring.
• Stay informed of legislative developments affecting the business.
• Update policies and procedures in line with regulatory changes.
• Formulate and collate comments on proposed new legislation.
• Develop new policies where necessary.

Compliance Monitoring & Risk Management:

• Ensure compliance with FAIS, PPRs, POPIA, FICA, LTIA, and the Insurance Act.
• Maintain the Noncompliance Register.
• Assist the Head of Compliance with regulatory reviews, inspections, and investigations.
• Conduct annual compliance onsite visits for third parties.
• Review internal contracts to ensure compliance.
• Monitor compliance with agreements, policies, and procedures.
• Develop and implement Compliance Risk Management Plans (CRMPs).

Advisory & Regulatory Requirements:

• Identify and analyze compliance risks, providing guidance to management and employees.
• Offer advice on compliance issues related to new businesses, claims management, products, and marketing campaigns.
• Keep up to date with regulatory developments and assist in implementing new or amended requirements.
• Assess and advise on the impact of regulatory changes.
• Provide input on drafting proposed regulatory requirements.

Third-Party, Broker Advisory & Intermediary Relations:

• Maintain strong compliance monitoring and oversight for third parties, binders, and intermediaries.
• Oversee management and operations of third parties in accordance with legislative requirements and approved policies.
• Monitor compliance with broker and binder agreements.

Requirements:

• Bachelor's degree in Law, Finance, Compliance, or a related field.
• Minimum of 1-2 years of experience in a compliance-related role within the financial services or insurance industry.
• Strong knowledge of FAIS, PPRs, POPIA, FICA, LTIA, and the Insurance Act.
• Understanding of risk management and regulatory compliance frameworks.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and within a team.
• Attention to detail and strong organizational skills.

Benefits:

• Competitive salary based on experience.
• Professional development and training opportunities.
• Exposure to a dynamic regulatory environment.
• Opportunity to work with industry professionals.
• Career growth within a well-established organization.

Contact Hire Resolve for your next career-changing move.

• Apply for this role today, contact Kay-Leen Recruiter at Hire Resolve or on LinkedIn
• You can also visit the Hire Resolve website: hireresolve.us or email us your CV: financialcareers@hireresolve.za.com
• Alternatively, you can also contact me directly at kay-leen.dupreez@hireresolve.us
• When applying via email please use "Junior Compliance Officer" as the subject line

We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.

Requirements:

• Ensure compliance with all applicable laws, regulations, and industry standards.
• Provide management with legal advice and opinions as required.
• Support the Compliance Department in implementing legislation and compliance monitoring.
• Stay informed of legislative developments affecting the business.
• Update policies and procedures in line with regulatory changes.
• Formulate and collate comments on proposed new legislation.
• Develop new policies where necessary.

• Ensure compliance with FAIS, PPRs, POPIA, FICA, LTIA, and the Insurance Act.
• Maintain the Noncompliance Register.
• Assist the Head of Compliance with regulatory reviews, inspections, and investigations.
• Conduct annual compliance onsite visits for third parties.
• Review internal contracts to ensure compliance.
• Monitor compliance with agreements, policies, and procedures.
• Develop and implement Compliance Risk Management Plans (CRMPs).

• Identify and analyze compliance risks, providing guidance to management and employees.
• Offer advice on compliance issues related to new businesses, claims management, products, and marketing campaigns.
• Keep up to date with regulatory developments and assist in implementing new or amended requirements.
• Assess and advise on the impact of regulatory changes.
• Provide input on drafting proposed regulatory requirements.

• Maintain strong compliance monitoring and oversight for third parties, binders, and intermediaries.
• Oversee management and operations of third parties in accordance with legislative requirements and approved policies.
• Monitor compliance with broker and binder agreements.

• Bachelor's degree in Law, Finance, Compliance, or a related field.
• Minimum of 1-2 years of experience in a compliance-related role within the financial services or insurance industry.
• Strong knowledge of FAIS, PPRs, POPIA, FICA, LTIA, and the Insurance Act.
• Understanding of risk management and regulatory compliance frameworks.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and within a team.
• Attention to detail and strong organizational skills.

• Competitive salary based on experience.
• Professional development and training opportunities.
• Exposure to a dynamic regulatory environment.
• Opportunity to work with industry professionals.
• Career growth within a well-established organization.

• Apply for this role today, contact Kay-Leen Recruiter at Hire Resolve or on LinkedIn
• You can also visit the Hire Resolve website: hireresolve.us or email us your CV: financialcareers@hireresolve.za.com
• Alternatively, you can also contact me directly at kay-leen.dupreez@hireresolve.us
• When applying via email please use "Junior Compliance Officer" as the subject line