Risk Professional - Regulatory Expert

Bebeecompliance; Cape Town; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A financial services company in Cape Town is seeking a Compliance and Risk Consultant to ensure regulatory adherence and drive risk mitigation strategies. The ideal candidate will oversee compliance monitoring related to key legislation and maintain robust oversight of third-party compliance. A Bachelor's degree in law and relevant experience in financial services is required. Join a pivotal role that collaborates directly with senior management, providing essential oversight and strategic direction in compliance and risk management.

Qualifications

• 35 years' experience within the financial services industry.
• Experience in risk management, audit, or underwriting.
• Ability to work under minimum supervision.

Responsibilities

• Responsible for Compliance Monitoring across key legislation including FAIS, PPRS, POPIA, FICA, LTIA, and the Insurance Act.
• Ensure the organization stays informed of the latest legislative developments.
• Review internal contracts and assist with regulatory reviews and inspections.
• Review and assess inherent risks within new processes and systems.
• Maintain a strong compliance focus on clients.

Skills

Regulatory Monitoring

Risk Mitigation

Legislative Strategy

Advisory & Review

Technical Support

Education

Bachelor's degree LLB

Risk Management Certification

Job description

Job Title: Compliance and Risk Consultant

We are seeking a seasoned compliance and risk professional with a strong legal background to ensure full regulatory adherence and drive risk mitigation strategies for our organization.

This pivotal role reports directly to both the Head of Risks and the Head of Compliance, placing you at the forefront of both regulatory monitoring and enterprise risk assessment.

Key Responsibilities

• Regulatory Monitoring: Responsible for Compliance Monitoring across key legislation including FAIS, PPRS, POPIA, FICA, LTIA, and the Insurance Act.
• Legislative Strategy: Ensure the organization stays informed of the latest legislative developments, update policies and procedures in line with legislation, and provide legal advice and opinions to management.
• Advisory & Review: Review internal contracts, assist with regulatory reviews and inspections, and advise management on compliance issues related to new business, claims, products, and marketing.
• Operational Risk Management
  • Risk Mitigation: Review and assess inherent risks within new processes and systems, and review existing processes to identify risk exposures, recommending appropriate mitigation measures.
  • CRMPs & Planning: Develop Compliance Risk Management Plans (CRMPs) and participate in the preparation of plans and strategies for the effective assessment and management of risks.
  • Incident Management: Record and analyse all incidents of risk reported from operational areas, recommending appropriate control measures.
  • Technical Support: Provide technical support to the underwriting, claims, and reinsurance departments in the assessment and management of risks.
• Third-Party Oversight
  • Oversight: Maintain a strong compliance focus on clients by ensuring sufficient oversight in relation to binder holders, JR's, and outsourced partners.
  • Monitoring: Oversee and monitor compliance with broker and binder agreements.

Experience Requirements

• 35 years' experience within the financial services industry.
• Experience in risk management, audit, or underwriting.
• Ability to work under minimum supervision.

Qualification Requirements

• Bachelor's degree LLB.
• Possession of relevant Risk Management Certification.