Compliance Manager

Description:

Job Title

• Compliance Manager

Reporting To

• Insurance Executive

The Compliance Manager is responsible for overseeing and strengthening the company’s compliance framework to ensure full adherence to all regulatory requirements within the insurance industry. This role involves providing expert guidance on compliance matters, managing regulatory risks, coordinating audits, and fostering a culture of compliance across the organization. Reporting directly to the Insurance Executive, the Compliance Manager will lead the development and implementation of policies, monitor regulatory changes, and support training initiatives to maintain the highest governance standards and protect the company’s reputation.

Key Responsibilities

Compliance Strategy & Monitoring

• Develop and implement tools to monitor compliance and assess regulatory risks
• Keep leadership and stakeholders updated on compliance risks and obligations
• Continuously monitor and ensure adherence to all regulatory requirements
• Review and update company policies, procedures, and frameworks to align with regulatory developments

Regulatory Engagement & Risk Management

• Serve as the primary liaison between group compliance and business units
• Provide expert guidance on regulatory matters and align practices with industry standards
• Conduct compliance risk assessments and recommend effective compliance solutions
• Stay informed on regulatory changes to ensure proactive compliance

Contractual & Legal Compliance

• Review key contractual agreements such as binder agreements, intermediary agreements, outsourcing contracts, reinsurance treaties, and non-disclosure agreements
• Ensure contractual compliance with applicable industry regulations and company policies

Training & Compliance Awareness

• Design and deliver compliance training programs for employees and key stakeholders
• Foster a strong culture of compliance throughout the organization

Audits, Reporting & Governance

• Conduct internal compliance audits to evaluate regulatory adherence
• Assist in preparing and submitting statutory reports to regulatory bodies and insurers
• Support management in creating and updating Standard Operating Procedures (SOPs)
• Facilitate external audits and regulatory inspections

Risk Prevention & Reputation Management

• Proactively prevent regulatory breaches that could cause financial loss
• Protect and enhance the organization’s reputation by managing reputational risks
• Ensure compliance to avoid regulatory penalties and sanctions

Skills and Experience

• At least 10 years of risk and compliance management experience within the insurance sector
• In-depth knowledge of South African insurance legislation, including:
• Financial Intelligence Centre Act (FICA)
• Financial Advisory and Intermediary Services Act (FAIS)
• Treating Customers Fairly (TCF) principles
• Insurance Act
• Short-term and Long-term Insurance Acts
• Protection of Personal Information Act (POPIA)
• Promotion of Access to Information Act (PAIA)
• Strong analytical and problem-solving abilities
• Excellent understanding of business operations with the capability to integrate compliance functions effectively
• Well-developed administrative and organizational skills
• Proficient in Microsoft Office Suite
• Excellent interpersonal and communication skills, able to engage effectively across all levels of the organization
• Experience developing and implementing compliance frameworks aligned with business goals

Qualifications

• Bachelor’s Degree in Law or equivalent
• RE5 Certification

Contact Hire Resolve for your next career-changing move.

• Salary: negotiable.
• Our client is offering a highly competitive salary for this role based on experience.
• 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 "Compliance Manager - RE5" 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:

• Compliance Manager

• Insurance Executive

• Develop and implement tools to monitor compliance and assess regulatory risks
• Keep leadership and stakeholders updated on compliance risks and obligations
• Continuously monitor and ensure adherence to all regulatory requirements
• Review and update company policies, procedures, and frameworks to align with regulatory developments

• Serve as the primary liaison between group compliance and business units
• Provide expert guidance on regulatory matters and align practices with industry standards
• Conduct compliance risk assessments and recommend effective compliance solutions
• Stay informed on regulatory changes to ensure proactive compliance

• Review key contractual agreements such as binder agreements, intermediary agreements, outsourcing contracts, reinsurance treaties, and non-disclosure agreements
• Ensure contractual compliance with applicable industry regulations and company policies

• Design and deliver compliance training programs for employees and key stakeholders
• Foster a strong culture of compliance throughout the organization

• Conduct internal compliance audits to evaluate regulatory adherence
• Assist in preparing and submitting statutory reports to regulatory bodies and insurers
• Support management in creating and updating Standard Operating Procedures (SOPs)
• Facilitate external audits and regulatory inspections

• Proactively prevent regulatory breaches that could cause financial loss
• Protect and enhance the organization’s reputation by managing reputational risks
• Ensure compliance to avoid regulatory penalties and sanctions

• At least 10 years of risk and compliance management experience within the insurance sector
• In-depth knowledge of South African insurance legislation, including:
• Financial Intelligence Centre Act (FICA)
• Financial Advisory and Intermediary Services Act (FAIS)
• Treating Customers Fairly (TCF) principles
• Insurance Act
• Short-term and Long-term Insurance Acts
• Protection of Personal Information Act (POPIA)
• Promotion of Access to Information Act (PAIA)
• Strong analytical and problem-solving abilities
• Excellent understanding of business operations with the capability to integrate compliance functions effectively
• Well-developed administrative and organizational skills
• Proficient in Microsoft Office Suite
• Excellent interpersonal and communication skills, able to engage effectively across all levels of the organization
• Experience developing and implementing compliance frameworks aligned with business goals

• Bachelor’s Degree in Law or equivalent
• RE5 Certification

• Salary: negotiable.
• Our client is offering a highly competitive salary for this role based on experience.
• 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 "Compliance Manager - RE5" as the subject line