Regulatory Risk & Governance Specialist

Sanlam; Johannesburg; On-site; ZAR 650,000 - 800,000; Full time

Job summary

A leading insurance company seeks a Regulatory, Risk & Governance Specialist in Johannesburg to ensure compliance with regulatory frameworks. Responsibilities include providing guidance, managing regulatory changes, and developing strong relationships with stakeholders. Qualified candidates should have a postgraduate qualification and significant experience in regulatory compliance within financial services.

Qualifications

• 3+ years of experience in regulatory compliance in financial services.
• 3+ years technical experience in relevant financial acts and regulations.

Responsibilities

• Provide guidance on adherence to regulatory frameworks.
• Manage implementation of regulatory requirements with partners.
• Develop corrective actions for regulatory issues.

Skills

Conduct research into regulatory and risk requirements

Draft reports and deliver on regulatory reviews

Knowledge of legislation in financial services

Good written and verbal communication

Education

Postgraduate qualification in compliance management or law

Job description

CAREER OPPORTUNITY

A position exists for a Regulatory, Risk & Governance Specialist in Santam Specialist Solutions.

JOB DESCRIPTION

Provide proactive Regulatory advice, support to, and manage regulatory change in Specialist Solutions. Ensure that products, business solutions and services within Specialist Solutions are provided within the existing regulatory, risk and governance framework and in an efficient and value-adding manner. Be accountable to the Group Compliance and Risk Management Control Function regarding regulatory and governance business practices specifically within the business in Specialist Solutions. This role will report to the Regulatory, Risk & Governance Manager.

PRINCIPLE ACCOUNTABILITIES INCLUDE

• Provide guidance to the business in Specialist Solutions in structuring of new and existing business deals/products/services to ensure adherence to the existing and developing legal, regulatory, risk and governance framework.
• Assist, provide guidance and manage the implementation of regulatory, risk and governance requirements internally and externally with business partners.
• Develop corrective action for resolution of existing regulatory, risk and governance issues and provide general guidance to staff.
• Assist Specialist Solutions management and business partners to develop systems and processes in response to regulatory, risk and governance changes.
• Work closely with Santam’s Legal, Compliance & Risk Management teams in developing a strong regulatory, risk and governance frameworks within the Specialist Solutions environment.
  Proactively maintain and build relationships with internal and external stakeholders including regulators, clients and industry bodies.
• Report to all stakeholders on regulatory, risk and governance adherence and sustainability.
• Creating awareness of regulatory, risk and governance requirements and fostering a culture of regulatory & risk adherence and good governance within in the businesses in the Specialist Solutions environment which is aligned with the Santam Compliance and Risk Management Control Function.
• Keeping up to date with regulatory, risk and governance developments in the financial services industry with particular emphasis on changes affecting the Specialist Solutions business environment.

QUALIFICATIONS AND EXPERIENCE

• Postgraduate qualification in compliance management and or law (LLB or equivalent)
• 3 years + of experience in regulatory compliance in financial services.
• 3 years + technical experience in Financial Advisory & Intermediary Act, Short Insurance Act, PPR, Regulations, Insurance Act, Prudential Standards, POPI Act etc.

SKILLS

• Ability to conduct research into regulatory and risk requirements and issues
• Ability to draft reports and deliver on regulatory and outsourcing reviews
• Broad knowledge of the legislation affecting the financial services industry, in particular the short-term insurance industry
• Good written and verbal communication skills

COMPETENCIES

• Proven business acumen at a senior level
• Excellent communication, presentation, negotiation skills
• Creative thought, innovation, independence with an ability to work as a team member
• Solutions-oriented rather than technical rule-based approach
• Interpretive abilities specifically with regard to legislation and regulation
• Extensive experience and knowledge of insurance related legislation and regulation
• Problem-solving ability
• Relationship-building skills
• Strategic thinking

ABOUT SANTAM

Santam is the market leader in the general insurance industry in Southern Africa. As a large, diversified, and expanding company, we are committed to transformation and growth. While our headquarters are in South Africa, we are rapidly extending our presence into emerging markets across Africa and Asia.

With a client base of over 1 million policyholders, Santam serves individuals, commercial enterprises, specialist business owners, and institutions—including 80 of the Top 100 companies listed on the JSE. Our commitment to Insurance, Good and Proper goes beyond just providing cover—we offer peace of mind, ensuring our clients can focus on living in the moment, not worrying about the unexpected. Because at Santam, we believe the freedom to seize every day is worth protecting.

People drive our business, and we are committed to attracting the best talent, whether for permanent roles or short-term opportunities.

Santam is committed to diversity, inclusion, and belonging. As an equal opportunity employer, we encourage applications from candidates of all backgrounds, including persons with disabilities. We are dedicated to neuro-inclusivity and fostering a workplace where everyone can thrive.

Take the next step in your career—apply now and be part of a company that’s shaping the future of insurance. This is Freedom!