General Manager: Governance at MiWay Insurance Limited

What will you do?

• The General Manager: Legal, Risk and Compliance acts as counsel on issues involving company compliance with moderately complex governmental and regulatory standards. Reviews legal documentation and provides advice on appropriate action. Coordinates legal matters requiring external legal assistance. May provide work leadership and mentoring to less experienced attorneys. May also participate in corporate affairs, corporate governance and legal watch.

Key Responsibilities    

Legal 

• Overseeing the Corporate Legal Manager in the provision of proactive and in-depth legal advice to the various MiWay business units. 
• Act as internal counsel on complex legal matters and projects involving the MiWay Group and to ensure compliance with legislative and regulatory standards. 
• Keep senior management informed of legal developments impacting the general insurance industry that will potentially affect business.
• Provide commercial legal support to the business relating to corporate actions, working with the internal Finance team. 
• Manage the relationships with external legal service providers including overseeing legal matters requiring external legal assistance.
• Provide guidance to various stakeholders in MiWay on the interpretation of legislation.

Enterprise Risk Management 

• Overseeing the Compliance and Enterprise Risk Manager in the identification, assessment and mitigation of MiWay compliance obligations and risks.
• To provide the MiWay leaders with strategic legal advice in respect of legal risks facing the Group and providing strategic solutions to successfully address these risks.

Compliance

• Build strong working relationship with key external stakeholders such as regulators, industry associations, Ombudsman, legislative authorities etc. 
• Development and implementation of policies, procedures and controls to meet ethical, legal, regulatory, internal policy and industry codes requirements across the Group.
• Monitoring adherence to the Group Compliance Principles and Standards 
• Overseeing the reporting to the MiWay Executive Management and the Board compliance status and incidence of non-compliance on a quarterly basis.
• Act as the liaison between the entity and the regulators.

General

• To lead and manage the corporate legal, risk and compliance teams to effectively manage the MiWay legal and regulatory risk within a rapidly changing and challenging environment. 

Qualification

•    LLB (Admitted Attorney advantageous)   

Experience

• Minimum 5 years’ post qualification experience in the financial services industry 
• Meeting the competence and experience requirements to be registered as a Compliance Officer with the applicable regulators. 
• Business and management practices and business ethics.

What will make you successful in this role?

Knowledge and working understanding of the following:

• Governance and Operational Standards required by the Prudential Authority in terms of operating an insurance business
• POPIA and PAIA acts
• Legal & regulatory framework in SA
• Insurance Act of SA
• FAIS Act
• COFI Bill

Skills

• Excellent communication and administration skills
• Excellent command of the English language (written and verbal)
• Computer literacy (full MSOffice Suite)
• Presentation skills
• Business acumen