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Pretoria: Compliance Specialist Officer – Market Conduct (Insurance) posted by AtripleA recruitment & temps

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Job Description

About the Role

AtripleA recruitment & temps is seeking a highly skilled Compliance Specialist Officer to join our client’s team in Pretoria. As a key member of the compliance team, you will play a crucial role in ensuring that all regulatory requirements are met and that market conduct risks are mitigated. With a strong understanding of the Insurance industry and relevant regulatory knowledge, you will analyze and monitor risk indicators, draft compliance-related policies and agreements, and ensure that the organization is compliant with all applicable legislation and regulations.

Key Responsibilities

  • Assisting Compliance Manager to analyze, monitor and track regulatory risk indicators
  • Assisting Compliance Manager with the drafting of compliance related policies, agreements and memoranda regarding Market Conduct
  • Ensuring compliance to all relevant regulatory requirements identified
  • Assisting line management with understanding the various requirements to comply with all applicable legislation, regulations etc. across business activities
  • Ensuring the continued flow of information, updates and advise to various Line managers on new legislative changes and the impact thereof on the business and ensuring that management understand the risks to the business
  • Building and maintaining strong relationships with all the applicable Regulators
  • Identifying non-compliances as to identify potential risks
  • Drafting final reports in respect of compliance monitoring to line management
  • Following up on identified risks, trends and corrective action to be taken by the relevant stakeholders
  • Identifying opportunities to improve or enhance business processes
  • Proactively consulting with management to align market conduct requirements to current and future business activities
  • Supporting Compliance Manager in preparing an annual compliance monitoring plan based on high risk areas.
  • Identifying training needs through monitoring and other methods
  • Developing training material to address identified needs
  • Providing training on identified needs and on relevant regulatory requirements that impact the employees.
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Requirements

  • 2 – 5 years’ experience
  • Qualification in law (LLB or equivalent) is required
  • Post-qualification legal experience in compliance and / or corporate governance will be an advantage
  • Long-term Insurance (or financial services) regulatory knowledge
  • Experience in Regulatory Compliance (Financial Advisory & Intermediary Act, and Long-term Insurance)
  • Experience in Financial Sector Regulation Act (Advantage)
  • Knowledge of the Financial Intelligence Centre Act, National Credit Act and Protection of Personal Information Act
  • RE1
  • Member of CISA will be an advantage

Qualifications

  • LLB Degree or Equivalent
  • Post-qualification legal experience in compliance and / or corporate governance
  • Long-term Insurance (or financial services) regulatory knowledge

Salary & Benefits

  • R32 000 to R34 000 p.m.

How to Apply

Send your CV and latest pay slip to [email address].

About Other Insurance Jobs in Gauteng

The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.

Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.

Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.

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The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.

For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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