Our client is seeking an experienced Compliance Officer to support its compliance function within a regulated insurance environment. The consultant will be responsible for monitoring regulatory compliance, assessing the effectiveness of compliance controls, identifying areas of regulatory risk and supporting the business in meeting its legislative and regulatory obligations.

The ideal candidate will have at least five years' relevant compliance experience, preferably within insurance or broader financial services. This role requires someone who can independently conduct compliance reviews, interpret regulatory requirements, engage confidently with business stakeholders and provide practical guidance to strengthen the organisation's compliance environment.

Key Activities

• Conduct compliance monitoring and assurance reviews across relevant business areas.
• Assess compliance with applicable insurance and financial services legislation, regulations and internal policies.
• Perform compliance risk assessments and identify areas of regulatory exposure.
• Test the design and effectiveness of compliance controls.
• Identify compliance gaps, control weaknesses and instances of non-compliance.
• Develop practical recommendations and support remediation activities.
• Interpret regulatory requirements and provide compliance guidance to business stakeholders.
• Monitor regulatory developments and assess their potential impact on the organisation.
• Support the development and review of compliance policies, frameworks and procedures.
• Prepare compliance reports for senior management and relevant governance committees.
• Maintain appropriate evidence and documentation supporting compliance reviews.
• Track identified compliance issues and remediation actions through to closure.
• Provide effective second-line challenge to business stakeholders.
• Support regulatory engagements, audits and assurance activities where required.
• Promote a strong culture of compliance and regulatory awareness across the organisation.

Your Background

Essential

• Minimum 5 years' relevant Compliance experience within insurance, financial services or another highly regulated environment.
• Strong understanding of compliance monitoring, assurance and regulatory risk.
• Experience conducting compliance reviews and control testing.
• Good understanding of the South African financial services regulatory environment.
• Ability to interpret legislation and translate regulatory requirements into practical business requirements.
• Experience identifying compliance gaps and recommending appropriate remediation.
• Strong compliance reporting and documentation skills.
• Experience engaging with business stakeholders and providing compliance advice.
• Strong analytical and problem-solving capability.
• Ability to work independently and manage multiple compliance activities.

Desirable

• Direct experience within the insurance industry.
• Experience within a second-line Compliance function.
• Knowledge of key South African insurance and financial services regulatory requirements.
• Experience engaging with the FSCA and/or Prudential Authority.
• Exposure to compliance monitoring programmes and regulatory assurance.
• Internal audit, risk or controls experience.
• Relevant degree or diploma in Law, Compliance, Risk Management, Finance or Business.
• Professional Compliance or Risk Management certification.
• Experience presenting compliance findings to senior management or governance committees.