Compliance and Risk Manager (Ref: 24062)

Sinakho Staffshop (Pty) Ltd; Centurion; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

A leading short-term insurance company in Centurion is looking for a seasoned Compliance and Risk Manager. This senior role involves overseeing risk and compliance functions, ensuring adherence to regulatory standards, and leading a team effectively. Candidates should possess a BCom degree, relevant certifications, and substantial experience in the insurance industry.

Qualifications

• Minimum of 5 years' experience in risk and compliance management in the insurance sector.
• Experience managing or mentoring a team is advantageous.
• Solid understanding of South Africa's financial services regulatory frameworks.

Responsibilities

• Oversee and manage the Risk and Compliance functions across the company.
• Ensure compliance with regulatory requirements set by the PA and FSCA.
• Develop and implement effective risk and compliance frameworks.

Skills

Conflict Management

Risk Management

Insurance

FSCA

Prudential Authority

Education

BCom degree in Risk Management, Finance, or Compliance

RE 5 certification

Job description

An established short-term insurance company based in Centurion is seeking a highly experienced Compliance and Risk Manager to lead and manage the organisation's risk and compliance functions. The successful candidate will be responsible for overseeing a team of 4-6 staff members and ensuring the business operates within a robust, compliant, and well-governed environment. This is a senior leadership role with significant exposure to regulatory bodies, internal stakeholders, and executive committees.

Key Responsibilities:

• Oversee and manage the Risk and Compliance functions across the company and its subsidiaries.
• Ensure full compliance with all regulatory requirements as stipulated by the Prudential Authority (PA) and Financial Sector Conduct Authority (FSCA).
• Lead all governance-related activities and ensure alignment with corporate policies and regulatory standards.
• Develop, implement, and supervise effective risk and compliance frameworks, policies, and operational controls.
• Act as the key liaison with Group-level Risk and Compliance Executives to ensure seamless integration and reporting.
• Manage reinsurance treaty development, placement, and capital management strategy in consultation with relevant stakeholders.
• Report to and engage regularly with regulatory authorities, ensuring timely, accurate, and professional communication.
• Serve as a member of the Risk Committee and IT Steering Committee, contributing to strategic decision-making.
• Prepare and present quarterly risk and compliance reports to the Board of Directors.
• Provide leadership, guidance, and mentoring to the risk and compliance team (4-6 members), fostering a culture of accountability and continuous improvement.

Qualifications & Experience:

• BCom degree (or equivalent) in Risk Management, Finance, Compliance, or a relevant field.
• RE 5 (or RE 1) certification is required.
• A minimum of 5 years' experience in risk and compliance management, preferably in the insurance industry, with short-term insurance experience strongly preferred.
• Experience managing or mentoring a team is advantageous.
• Solid understanding of regulatory frameworks within South Africa's financial services sector.
• Proven ability to interact with regulatory bodies, senior leadership, and Board members.

Desired Skills:

• Conflict Management
• Risk Management
• re5
• re1
• Insurance
• FSCA
• Prudential Authority