Legal, Risk and Compliance Officer | Durban

Recruiter:

The Recruitment Council

Job Ref:

Legal, Risk and Comp..

Date posted:

Friday, June 20, 2025

Location:

Durban, South Africa

Salary:

R300 000

SUMMARY:
Legal, Risk and Compliance Officer | Durban

POSITION INFO:

Responsibilities

Drafting official documents and agreements which includes but is not limited to, letters of demand, agency agreements, new contracts and contract addendums
Conduct investigations on regulatory developments
Ensuring all employees and the company are compliant with the Financial Advisory and Intermediary Services Act and Financial Intelligence Centre Act
Communicating with Insurers regarding any regulatory or legal queries
Conducting and compiling external Insurer audits
Renewal of all company financial lines insurances and licenses
Develop and implement compliance framework
Prepare risk management reports
Amending and update compliance documentation and statutory disclosure notifications
Quality assurance of renewal procedure
Responsible for FICA and FAIS reporting and monitoring
Prepare internal compliance monitoring reports and calculate monthly compliance scores
Review internal claims and underwriting correspondence in accordance with legislative requirements
Monitoring ESG compliance
Review an monitoring of company’s complaints and complaints resolution procedure

Minimum Requirements

LLB degree or similar
Regulatory qualification
Minimum 5 years’ experience in compliance or risk management within the insurance industry

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