Risk and Compliance
20 hours ago
Functional Area: Risk & Compliance
Reporting to: Group Head | Risk, Compliance, and Legal Governance
Key Responsibilities:1. Risk Management:
- Implement enterprise risk management frameworks across operations.
- Proactively identify, assess, and mitigate risks, including operational, IT, and compliance-related risks.
- Develop risk policies, strategies, and automated risk assessments.
- Report to Exco and the board on risk trends and mitigating strategies.
- Educate stakeholders on risk awareness and best practices.
- Oversee compliance frameworks, monitoring systems, and regular audits.
- Maintain compliance registers and ensure adherence to industry regulations (Insurance Act, FAIS, POPIA, FICA).
- Draft, review, and implement compliance policies and training programs.
- Collaborate on end-user agreements and governance frameworks.
- Guide business units on compliance and regulatory needs during product development.
- Engage with subsidiaries and third-party providers to address insurance and TelCo-related risks.
- Foster strong communication with internal and external stakeholders to ensure alignment.
- Independently oversee fraud risk management programs.
- Support operational teams in implementing fraud controls and analytics-driven risk management solutions.
- Provide expertise and advice to stakeholders while aligning efforts across business areas.
- Drive innovation and maintain productive relationships within diverse teams
Minimum Qualifications:
- Bachelors degree in Accounting, Business Administration, Law, Finance, Actuarial Science, Mathematics, or Risk Management.
- Advanced SharePoint competency.
- Minimum of 2 years in risk and compliance within FinTech, Financial Services, or Insurance industries.
- Knowledge of Insurance Act, FAIS, POPIA, and FICA.
- Proven experience with IT controls, cyber security, and data governance frameworks.
- Exposure to digital environments and client-facing business-critical operations.
- Strong understanding of risk vs. reward principles.
- Exceptional communication, influence, and stakeholder management skills.
- Ability to navigate ambiguity and manage conflict at senior levels.
- Results-driven with a can-do attitude and attention to detail.
- Registration as a Key Individual (KI), Representative, or Compliance Officer under the FAIS Act.
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