Compliance Officer and Legal Counsel at Swiss Re

About The Role

You will have overall responsibility for managing compliance activities in support of the Swiss Re Corporate Solutions business unit in South Africa to ensure compliance with the applicable rules and regulations to include providing compliance guidance on implementing policies and guidelines, training and reporting. In addition, identifying and supporting legal issues, particularly company law and corporate governance issues arising in the business unit.

You will be involved primarily in the establishment of the legal entity, and thereafter operational and transactional work alongside Underwriters and Operations, as well as Group control functions such as Risk Management and Internal Audit. You will coordinate with Legal & Compliance colleagues within the Swiss Re Group and with outside counsel to provide timely, solution-oriented advice to the Corporate Solutions business.

Core Responsibilities

• Support development and maintenance of the Regulatory Frameworks and the Compliance Program and associated compliance risk mitigation standards for existing and new/amended regulations including policies, guidelines, training and communication.
• Provide enabling guidance and technical expertise to the Business Unit with respect to compliance requirements and implementation of the Compliance Program
• Provide compliance support with respect to any Business Unit initiatives or development of new products or distribution channels
• Lead trainings on compliance with applicable law and regulation, Group policies and guidelines
• Monitor the implementation and effectiveness of Compliance Program on a continuing basis and provide assurance to Management regarding the Business' implementation of the Compliance Program
• Monitor and act upon regulatory developments relating to compliance and legal risks and the associated regulatory obligations
• Perform regular compliance risk assessments
• Support/provide input to regular and relevant reporting to Senior Management and local Board of Directors
• Support development and delivery of the Annual Compliance Plan
• Serve as point of contact for regulators, in coordination with Governmental Affairs and Legal as required. Includes actively participating during regulatory inspections and exams, reviewing and responding to inquiries, and coordinating production of data and file requests.
• Advise on company law and corporate governance issues
• Instruct and manage outside counsel as required
• Establish and maintain cross-regional relationships with other team members, teams, functions, and Business Unit

About The Team

The Compliance Corporate Solutions team is a global Compliance team providing enabling compliance support to the Swiss Re Corporate Solutions business unit, which focuses on direct commercial insurance and assumed reinsurance.

About You

• University or equivalent qualification
• Professional qualification (legal qualification preferred)
• Minimum 5 years compliance and/or legal experience, preferably in a commercial insurance company
• Must stay in sync with the Fitness and Propriety requirements for Compliance Officers in terms of the FAIS Act and the Key Persons requirements as set out in Prudential Standard GOI 4 of the Insurance Act
• Must have completed the Regulatory Examination for Key Individuals (RE1)
• A deep understanding of the commercial insurance industry and its regulatory environment and statutes e.g. FAIS act, Short-Term Insurance Act, Insurance Act and Prudential Regulations, POPIA, TCF and Market Conduct (COFI)
• The ability to engage with stakeholders, especially the regulatory bodies i.e. the Financial Services Conduct Authority (FSCA) and the Prudential Authority (PA)
• Must have exposure in reporting to a Board and/or Board Committees
• Proficient in English (written and verbal), great verbal communication skills
• Solid understanding of compliance control processes and systems, and solid understanding of corporate law
• Ability to prioritise and work in a highly dynamic and changing matrix environment
• Great communication and interpersonal skills

Please, submit your CV in English.

Reference Code: 90285