Compliance Specialist

1 week ago

Cape Town, Western Cape, South Africa Gen Re Full time R250 000 - R450 000 per year

Join our dynamic legal team as a Compliance Specialist in Cape Town. We offer an immediate start and an excellent opportunity to contribute your expertise.

Key Responsibilities

Join Gen Re as a Compliance Specialist and help drive compliance across 20+ countries in Europe, Asia, and Latin America. Reporting directly to the Compliance Manager of General Reinsurance AG, you will support key compliance initiatives from risk assessments, regulatory monitoring to policy development and training ensuring compliance with legal and regulatory requirements across various business units and corporate functions. If you're ready to make a difference in a fast-paced, cross-border environment, we'd love to hear from you.

The activities assigned to the role from time to time typically include to:

  • Support the regular compliance risk assessment process;
  • Assist in execution and administration of the compliance plan;
  • Support the quarterly Legal/Compliance risk reporting process;
  • Counsel the BU/SU departments and teams concerned with compliance risks to work towards implementation of effective procedures to comply with (relevant) external requirements and internal standards;
  • Support the company's compliance reporting;
  • Performed compliance procedure reviews (design effectiveness)
  • Maintain and further develop the compliance risk register;
  • Support the legal development monitoring procedures;
  • Review and update compliance related internal policies;
  • Support operationalization of applicable regulatory requirements, incl. research, analysis and communication of relevant regulatory developments;
  • Maintain the international service provider inventory and administration of the related governance processes;
  • Maintain accurate records of the internal control activities of the Compliance Function
  • Assists in developing and coordinating compliance training materials/programs.
  • Support the monitoring of relevant legal and regulatory developments;
  • Contribute to project of the Compliance Function, as necessary.

Qualifications & Experience

  • Professional qualification and/or university degree with a major in one of the following areas: compliance, risk management, internal audit or business administration
  • Ideally compliance relevant working experience in (re)insurance or financial industry
  • Fluent English language skills, ideally second language fluent
  • Strong analytical skills
  • Highly diligent and structured way of working
  • Strong communication and interpersonal skills

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