This role is essential in ensuring that the organization adheres to industry regulations, mitigates risks, and fosters a culture of compliance. The ideal candidate needs to have a strong background in the insurance sector and a proven track record in risk management and compliance.
Duties and responsibilities include: - Develop and implement a comprehensive risk management and compliance strategy aligned with organizational goals.
- Ensure compliance with all relevant laws, regulations, and industry standards. Oversee the preparation and submission of regulatory reports.
- Identify, assess, and mitigate risks related to business operations, including financial, operational, and reputational risks.
- Create and maintain risk management and compliance policies, procedures, and controls. Update them as necessary to reflect changes in the regulatory environment.
- Collaborate with senior management and the board of directors to communicate risk and compliance issues. Provide guidance on risk-related matters.
- Develop and deliver training programs to promote a culture of compliance and risk awareness across the organization.
- Oversee the investigation of compliance breaches and risk incidents. Implement corrective actions and preventive measures.
- Reporting: Prepare and present risk and compliance reports to senior management and regulatory bodies.
Requirements: - Bachelor of Laws: LLB, BCom Law, BA Law or equivalent qualification
- Minimum 5 8 years post qualification experience in the financial services/insurance sector
- 2 years experience in a management position
- FSCA, RE5, FAIS Certifications (Advantageous)
- Admitted attorney of the High Court (required)
- Strong communication and leadership skills
- Excellent report writing skills
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