SENIOR RISK COMPLIANCE OFFICER

SENIOR RISK COMPLIANCE OFFICER

Job Summary  

We are seeking a highly skilled and motivated person to provide the Risk and Compliance Manager with risk and compliance support in a one-on-one working relationship. The Senior Risk and Compliance Officer serves as the primary source of data collection for the risk and compliance assessment and analysis of the company.

The ideal individual will have strong analytical, organizational, written and verbal communication skills and must have a sound understanding of Financial Risk, Governance, Compliance and strategic risks. The Senior Risk and Compliance Officer will have the ability to work independently on the various aspects of risk analysis and assessments and must be able to work under pressure when required to ensure the completion of work requirements.

Knowledge & Skills required

• Strong analytical skills
• A strong understanding of the insurance industry and its operations.
• Be aware of changes and challenges in the local and global environment that pose a threat to the company
• A sound understanding of financial statements, their analysis and interpretation.
• Be able to think strategically about how best to manage risk in order to meet the organization’s objectives.
• Be able to communicate your ideas clearly and persuasively so that they are understood by all stakeholders.
• Expert proficiency with Microsoft Office and desktop publishing software; ability to design and edit graphic presentations and materials.
• Strong verbal and written communication skills.
• Ability to create and implement policies and procedures
• Training administrative staff, insurance agents and Management team in risk and compliance-related procedural and legislative requirements.
• Understand and manage the organization’s risk appetite, providing strategic input to the Board and executive management on risk and compliance-related matters
• Exceptional organizational skills and impeccable attention to detail.
• High degree of professionalism in dealing with diverse groups of people, including Board members, senior executives and staff
• Exhibit knowledge in anti-money laundering framework, data protection and privacy and the Nominated Officer’s role and responsibilities

Key Responsibilities:

• Oversee an integrated risk, and compliance management framework that proactively identifies, assesses, monitors, and controls risks across the organization.
• Establish and maintain relationships with key internal and external stakeholders, including regulators, to ensure effective communication of risk management activities
• Lead the enterprise-wide risk assessments, identifying and analyzing risks across all business lines and functions
• Monitor and report on emerging risks that could have a material impact on the organization, developing mitigation plans as needed
• Assist with the development and implementation of risk management policies and procedures
• Conduct regular reviews of the effectiveness of risk management processes and make recommendations for improvements
• Serve as a subject matter expert on risk management issues, providing guidance and support to business units as needed
• Participate in special projects and initiatives as needed, such as mergers and acquisitions, new product development, and process improvement initiatives
• Prepare reports for senior management and the Board on risk management activities and findings
• Stay abreast of industry trends and developments in risk management

Minimum Qualifications

• At least a Bachelors’ degree in Risk Management (with sound knowledge of finance)
• At least 2-3 years’ experience as a Risk and/or Compliance Officer in a financial institution
• Prior professional training in risk management
• Extensive knowledge of relevant regulatory requirements and legislation would be an asset, including Proceeds of Crime Act, Anti-Money Laundering and supporting Regulations, Insurance Act, Securities Act and Regulations, Pensions Act and Regulations, The JSE Rules, The FSC Act, FSC Guidelines and Bulletins, BOJ Guidelines and the FSC’s AML/CFT Guidelines, Data Protection Act

We thank all persons interested, but only shortlisted candidates will be contacted.

Application Deadline August 21, 2023