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Junior Compliance Officer

Cape Town
Salary: R20 833.00 - R25 000.00 Per Month
Job Type: Permanent
Sectors: Insurance Finance
Reference: 126745

Apply before Apr 30 2025 | 32 Days left

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Vacancy Details

Employer: Hire Resolve

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

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About Hire Resolve

Hire Resolve removes the stress of the career search by understanding you as an individual. We take more than just your qualifications into account, considering factors like your salary and benefits expectations as well as your preferred workplace culture to ensure that we find the perfect opportunities to meet your unique needs.

As a specialist recruitment agency, we focus on the Engineering, Finance, IT, Mining, Manufacturing, and Logistics industries. Our team of recruitment consultants is well-versed and highly networked in the industries in which they operate and are dedicated to ensuring that every placement is a perfect fit.