Where

Junior Compliance Officer

R 20 833 - R 25 000 a month
Hire Resolve
Cape Town Full-day Full-time

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

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