Head of Risk and Compliance Specialist
4 weeks ago
This is a critical role that ensures our organization adheres to industry regulations, mitigates risks, and fosters a culture of compliance. The ideal candidate will have a strong background in the insurance sector and a proven track record in risk management and compliance.
Key Responsibilities:- 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.
- Bachelor of Law: 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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