Description:
Hire Resolve's client, a leading insurance company, is seeking a Junior Compliance Officer to join their team. The successful candidate will play a key role in supporting the Compliance Department by ensuring adherence to South African regulatory and legislative requirements. This is an excellent opportunity for a detail-oriented individual looking to grow their career in compliance within the financial services and insurance sector .Responsibilities
- Assist in ensuring compliance with FAIS (Financial Advisory and Intermediary Services Act), PPRs (Policyholder Protection Rules), POPIA (Protection of Personal Information Act), FICA (Financial Intelligence Centre Act), LTIA (Long-Term Insurance Act), and the Insurance Act .
- Support the Compliance Department with regulatory implementation and compliance monitoring.
- Stay informed of changes in South African legislation and assist in updating company policies and procedures.
- Maintain and update the Noncompliance Register .
- Assist in regulatory reviews, inspections, and investigations under the guidance of the Head of Compliance .
- Conduct annual compliance audits and onsite visits for third-party service providers.
- Review internal contracts to ensure compliance with local regulations.
- Assist in identifying and analyzing compliance risks.
- Provide support on compliance-related matters, including new business ventures, claims management, product development, marketing campaigns, and other initiatives .
- Monitor and track South African regulatory updates and assist in implementing required changes.
- Help assess the impact of regulatory developments on business operations.
- Support compliance monitoring of Binder Holders, Juristic Representatives (JRs), outsourced partners, and intermediaries .
- Assist in overseeing third-party processes, ensuring compliance with South African regulatory requirements, policies, and internal manuals .
- Monitor broker and binder agreements to ensure adherence to FSCA (Financial Sector Conduct Authority) regulations
Requirements
- Bachelor’s degree in Law, Compliance, Risk Management, Business Administration, or a related field .
- FAIS Regulatory Exam (RE1 or RE5) certification preferred.
- 1-3 years of experience in a compliance, risk, or regulatory role within the insurance, financial services, or legal sector .
- Strong understanding of South African financial and insurance regulations .
- Knowledge of compliance monitoring, regulatory reporting, and policy development.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organizational skills.
- Ability to interpret South African financial and insurance regulations .
- Strong written and verbal communication skills.
- Ability to work independently and collaborate with internal and external stakeholders.
- High ethical standards and the ability to handle sensitive information confidentially.
Benefits
- Market-related salary
-
Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Junior Compliance Officer " as your subject line when applying via email
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:
- Assist in ensuring compliance with FAIS (Financial Advisory and Intermediary Services Act), PPRs (Policyholder Protection Rules), POPIA (Protection of Personal Information Act), FICA (Financial Intelligence Centre Act), LTIA (Long-Term Insurance Act), and the Insurance Act .
- Support the Compliance Department with regulatory implementation and compliance monitoring.
- Stay informed of changes in South African legislation and assist in updating company policies and procedures.
- Maintain and update the Noncompliance Register .
- Assist in regulatory reviews, inspections, and investigations under the guidance of the Head of Compliance .
- Conduct annual compliance audits and onsite visits for third-party service providers.
- Review internal contracts to ensure compliance with local regulations.
- Assist in identifying and analyzing compliance risks.
- Provide support on compliance-related matters, including new business ventures, claims management, product development, marketing campaigns, and other initiatives .
- Monitor and track South African regulatory updates and assist in implementing required changes.
- Help assess the impact of regulatory developments on business operations.
- Support compliance monitoring of Binder Holders, Juristic Representatives (JRs), outsourced partners, and intermediaries .
- Assist in overseeing third-party processes, ensuring compliance with South African regulatory requirements, policies, and internal manuals .
- Monitor broker and binder agreements to ensure adherence to FSCA (Financial Sector Conduct Authority) regulations
- Bachelor’s degree in Law, Compliance, Risk Management, Business Administration, or a related field .
- FAIS Regulatory Exam (RE1 or RE5) certification preferred.
- 1-3 years of experience in a compliance, risk, or regulatory role within the insurance, financial services, or legal sector .
- Strong understanding of South African financial and insurance regulations .
- Knowledge of compliance monitoring, regulatory reporting, and policy development.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organizational skills.
- Ability to interpret South African financial and insurance regulations .
- Strong written and verbal communication skills.
- Ability to work independently and collaborate with internal and external stakeholders.
- High ethical standards and the ability to handle sensitive information confidentially.
- Market-related salary
-
Contact Hire Resolve for your next career-changing move today
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Junior Compliance Officer " as your subject line when applying via email
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
- Apply for this role today, contact Gustav Vogel at Hire Resolve or on LinkedIn
- You can also visit the Hire Resolve website: hireresolve.us or email us your CV: gustav.vogel@hireresolve.us
- Please use " Junior Compliance Officer " as your subject line when applying via email
26 Mar 2025;
from:
careers24.com