Compliance Specialist

2 days ago

Cape Town, Western Cape, South Africa General Reinsurance AG Full time

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

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

Contact

Human Resources

Our Address

GRSA Services (Proprietary) Limited

2nd Floor Waterway House North, 3 Dock Road V&A Waterfront,

Cape Town, 8001 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.

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