About the position
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 Management
- Risk Management
- re5
- re1
- Insurance
- FSCA
- Prudential Authority
