Compliance Specialist

Gen Re; Cape Town; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A global reinsurance leader in Cape Town seeks a Compliance Specialist to join their dynamic legal team. The role offers an excellent opportunity to support the compliance risk assessment processes and assist with various operational compliance tasks. Candidates should possess a professional qualification in compliance or related fields and ideally have experience in the (re)insurance or financial sectors. Strong analytical, communication, and interpersonal skills alongside fluency in English are required.

Qualifications

• Professional qualification or university degree with a major in compliance, risk management, internal audit or business administration.
• Ideally have experience in (re)insurance or financial industry.
• Fluent in English, ideally with a second language.

Responsibilities

• Support compliance risk assessment process.
• Assist in compliance plan execution and administration.
• Support quarterly Legal/Compliance risk reporting.

Skills

Analytical skills

Communication skills

Interpersonal skills

Diligent working style

Structured way of working

Education

Professional qualification in compliance, risk management, internal audit or business administration

Job description

Shape Your Future With Us

General Re Corporation, a subsidiary of , 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 , 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

• 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 the 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;
• Assist 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