SUMMARY:
Compliance Officer
POSITION INFO:
Compliance Officer | Durban
Responsibilities:
Draft legal documents (agreements, letters of demand, contracts, addendums).
Monitor regulatory developments.
Ensure FAIS & FICA compliance for staff and company.
Liaise with Insurers on regulatory/legal matters.
Conduct/compile external Insurer audits.
Renew company financial lines insurances & licenses.
Develop/implement compliance framework.
Prepare risk management reports.
Update compliance documentation & disclosures.
Quality assurance of renewal process.
Manage FICA/FAIS reporting & monitoring.
Prepare internal compliance reports & scores.
Review claims/underwriting correspondence for legislative adherence.
Monitor ESG compliance.
Review/monitor complaints & resolution.
Minimum Requirements:
LLB degree or similar legal qualification.
Regulatory qualification.
Minimum 5 years'' compliance/risk management experience within insurance.
Knowledge and Skills:
Strong analytical & problem-solving abilities.
In-depth insurance regulatory & legislative knowledge.
Expertise in risk identification & mitigation.
Proficient in contract drafting & negotiation.
Understanding of corporate governance & compliance.
Legal research & litigation awareness.
