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Compliance Manager (Compliance / Risk / Regulatory / Risk) – Johannesburg, South Africa

Johannesburg, Gauteng
Reference Number: RSB
 
Job Description:
A leading Financial services group is seeking a Compliance manager to join their team to consult on and advise the Insurance business area regarding relevant domestic and international legislation; compliance and governance to ensure abidance to relevant codes; regulations and rules thereby minimizing risk to and protecting the reputation of business and group.
Responsibilities:
  • Advise business on best practice for compliance by ensuring the business is educated on the compliance culture and by creating awareness around compliance implication of daily duties.
  • Ensure compliance standards are met and risks are mitigated. Identify, define and agree on the regulatory universe applicable for each relevant Business Unit, mitigating risks.
  • Conduct compliance risk and control assessments (CRA's).
  • Test whether the business control is effective and adequate and ensure that business policies contain the right content addressing legislative requirements.
  • Engage with stakeholders on findings of compliance risk and control assessments.
  • Ensure that compliance risk is adequately addressed.
  • Mitigate risk and applicability to business.
  • Advise business of changes and identify potential impact of these changes on the business.
  • Contribute to a culture of transformation by participating in company culture building initiatives, business strategy, and CSI.
  • Stay abreast of developments in field of expertise, ensuring personal and professional growth.
  • Understand and embrace the company vision and values, leading by example.
  • Influence the enhancement of business processes and methodologies.
  • Enable management to make informed decisions and prevent compliance breeches.
  • Prevent compliance breaches and reputational risk from occurring, which could result in financial penalties.
  • Address compliance risk.
  • Ensure that stakeholder relationships are effectively managed.
  • Promote and facilitate cross Cluster engagement, manage and improve business efficiencies.
  • Ensure awareness of business compliance status.
  • Ensure upskilling and effective handover to relevant responsible person.
  • Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.
  • Manage performance through training, development and addressing poor performance via HR channels.
  • Educate self-regarding business, through engagement, meetings, procedures and policy awareness.
  • Support the central function by assisting in developing of policies, procedures, frameworks and tools with specific focus on relevant risk legislation, for the benefit of the larger organization.
  • Define governance frameworks and ensure good governance practice.
  • Assess committee’s adherence to the governance requirements.
  • Ensure business committees operate according to required business governance standards through regular engagement.
 
Requirements: Qualification and Skill
  • Undergraduate degree in a relevant field (Risk Management, Compliance, etc.)
  • 5-8 years in a senior compliance/risk/governance within Insurance environment. (non-negotiable)
  • CISA certification preferred
  • Experience analyzing and interpreting quantitative and qualitative data
  • Relevant regulatory knowledge & strong interpretation of legislation skills
  • Understanding of Risk management process and frameworks
Please apply directly, by clicking on the ‘apply button’ and visit www.caglobalint.com for the latest CA Global jobs.
 
Robin Botha
Recruitment Consultant
CA Global Finance
 
Should you not receive a response in two weeks, please consider your application unsuccessful. Your CV will be kept on our database for any other suitable positions.
 
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