Compliance And Risk Manager (Ref : 24062)

Sinakho Staffshop (Pty) Ltd; Gauteng; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

A leading short-term insurance company in Centurion seeks a highly experienced Compliance and Risk Manager to lead its risk and compliance functions. The role involves overseeing a team of 4-6 staff, ensuring compliance with regulatory standards, and engaging with senior leadership and regulatory bodies. This is a senior leadership position requiring relevant experience in the insurance sector and a solid understanding of compliance frameworks.

Qualifications

• Minimum 5 years' experience in risk and compliance management.
• Understanding of regulatory frameworks in South Africa's financial services sector.
• Experience managing or mentoring a team set in short-term insurance preferred.

Responsibilities

• Oversee and manage the Risk and Compliance functions across the company.
• Ensure compliance with regulatory requirements by the Prudential Authority and FSCA.
• Lead governance activities and prepare quarterly reports for the Board.

Skills

Risk Management

Conflict Management

Education

BCom degree (or equivalent)

Tools

RE 5 Certification

RE 1 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 ManagementRisk Managementre5re1InsuranceFSCAPrudential Authority