In-House Compliance Officer FAIS Category 1 Claremont Cape Town

Our Insurance client seeks a Compliance Officer to provide in-house compliance oversight and advisory to a FAIS Category I insurance FSP, ensuring adherence to FSCA conduct requirements, internal policies, and fair customer outcomes. The role focuses on compliance monitoring (file reviews), regulatory guidance to advisers/representatives, management reporting, breach/complaints trend analysis, and support for regulatory change implementation.

Salary: Market Related

Minimum requirements
•⁠ ⁠Relevant tertiary qualification (Law, Business, Finance, Risk/Compliance or similar).
•⁠ ⁠3–6 years’ compliance experience within South African insurance (life and/or short-term) in a FAIS Category I context.
•⁠ ⁠Compliance Institute Southern Africa qualification/membership.
•⁠ ⁠RE exams / product-specific regulatory knowledge aligned to the insurer/FSP’s lines.
•⁠ ⁠Experience supporting KI responsibilities and representative supervision requirements.
•⁠ ⁠Solid working knowledge of: FAIS and Fit & Proper requirements (incl. CPD concepts and competence evidence)
•⁠ ⁠Conflicts of interest and disclosure standards
•⁠ ⁠Advice process controls: needs analysis, suitability, record of advice, replacements
•⁠ ⁠Complaints handling and record-keeping expectations
•⁠ ⁠Strong report writing, documentation, and stakeholder engagement skills.

Key responsibilities:
•⁠ ⁠FAIS Cat I compliance advisory (insurance)
•⁠ ⁠Compliance monitoring & file reviews (second line)
•⁠ ⁠Conduct risk / TCF & customer outcomes
•⁠ ⁠Complaints & incidents (breach management)
•⁠ ⁠Regulatory change & governance support
•⁠ ⁠Training & awareness
•⁠ ⁠Reporting & audit/exam readiness
•⁠ ⁠Support internal/external audits and FSCA requests by coordinating responses and maintaining evidence packs.

Please apply online
FROGG Recruitment