Compliance Specialist

Faraday; Cape Town; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A global reinsurance firm is seeking a Compliance Specialist in Cape Town. This role involves driving compliance across 20+ countries, supporting various compliance initiatives, and ensuring adherence to legal and regulatory requirements. The ideal candidate will have a background in compliance or risk management, strong analytical and communication skills, and fluency in English. Immediate start available.

Qualifications

• Ideally compliance-relevant working experience in (re)insurance or financial industry.
• Highly diligent and structured way of working.

Responsibilities

• Support compliance risk assessment processes.
• Assist in execution and administration of compliance plans.
• Maintain and further develop the compliance risk register.

Skills

Strong analytical skills

Fluent English language skills

Strong communication and interpersonal skills

Education

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

Job description

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., 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 37 offices, 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

Join Gen Re as a Compliance Specialist and help drive compliance across 20+ countries in Europe, Asia, and Latin America. Reporting directly to the Compliance Manager of General Reinsurance AG, you will support key compliance initiatives from risk assessments, regulatory monitoring to policy development and training, ensuring compliance with legal and regulatory requirements across various business units and corporate functions.

• 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;
• Perform 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, including 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 projects 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.

Contact

Human Resources

Our Address

GRSA Services (Proprietary) Limited
2nd Floor Waterway House North, 3 Dock Road V&A Waterfront,
Cape Town, 8001 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.