![]() He or she should also have a detailed knowledge of prior accidents, lawsuits, and claims, and the reasons for those incidents. In general, the risk manager should be thoroughly versed in the industry within which the company operates, as well as the facilities, processes, and products of the company. Thus, the risk manager position should be considered a mid-level management position. The position usually reports to the chief financial officer, but may also work closely with many parts of the company, including engineering, human resources, legal and accounting, production, safety and health, and security. Ability to transfer regulatory knowledge into sound business practices.The risk manager position is responsible for the monitoring and mitigation of all risks within a company.This requires specialist experience and knowledge of the Insurance Acts, FICA Acts and its subordinate regulations, PoPI Act and all associated laws and regulations pertaining to insurance industry.A minimum of 5 years relevant experience in risk and compliance within the insurance industry.3 year Degree or National Diploma essential in BCom, LLB, BA Law, or related and.The Ideal Candidate For This Role Will Have Impact analysis across business processes and systems.Identify and track changes to existing and new laws. ![]() Develop risk management plans for relevant legislation and maintain a regulatory universe for insurance.Īssessing the risk of changes to Regulatory Environment.Assists with the analysis and documentation of regulatory compliance requirements especially as it relates to long-term insurance opportunities.Assist management to create new mediums of communication to enhance compliance awareness and knowledge within the companyįinancial Services regulation analysis and documentation.Assist management to create a compliance culture and with embedding compliance principles, values and sound business practice into existing training mediums.Engage with Internal (Project Support) and External (Regulator and/or Suppliers) business stakeholders.Īssist in the implementation of the compliance training and awareness program.Liaise with External Regulatory Stakeholders ie.Analyse complaints (internal and external) for trends and report’s findings to relevant stakeholders. ![]()
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