Regulatory Risk & Governance Specialist at Sanlam Group

What will make you successful in this role?

• Provide guidance to the business in Specialist Solutions in structuring of new and existing business deals/products/services to ensure adherence to the existing and developing legal, regulatory and governance framework.
• Assist, provide guidance and manage the implementation of regulatory and governance requirements internally and externally with business partners.
• Develop corrective action for resolution of existing regulatory and governance issues and provide general guidance to staff.
• Assist Specialist Solutions management and business partners to develop systems and processes in response to regulatory and governance changes.
• Work closely with Santam’s Legal, Compliance & Risk Management teams in developing a strong regulatory and governance framework within the Specialist Solutions environment.
• Proactively maintain and build relationships with internal and external stakeholders including regulators, clients and industry bodies. 
• Report to all stakeholders on regulatory and governance adherence and sustainability.
• Creating awareness of regulatory and governance requirements and fostering a culture of regulatory adherence and good governance within in the businesses in the Specialist Solutions environment which is aligned with the Santam Compliance and Risk Management Control Function.
• Keeping up to date with regulatory and governance developments in the financial services industry with particular emphasis on changes affecting the Specialist Solutions business environment.

Qualification and Experience

• Degree in Law
• Post graduate qualification or similar qualification in compliance management and or law (LLB or equivalent) is required.
• Post-qualification legal experience in compliance or risk management corporate governance will be an added advantage. 
• Knowledge and experience in regulatory compliance in financial services is required (Financial Advisory & Intermediary Act, Short Insurance Act, PPR, Regulations, Insurance Act, Prudential Standards, POPI Act etc.).
• At least 5 years relevant compliance related experience in the financial services industry, preferably short-term insurance industry

Skills

• Ability to conduct research into regulatory requirements and issues
• Ability to draft reports and deliver on regulatory and outsourcing reviews
• Broad knowledge of the legislation affecting the financial services industry, in particular the short-term insurance industry
• Good written and verbal communication skills

Core Competencies

• Cultivates innovation - Contributing through others
• Customer focus - Contributing through others
• Drives results - Contributing through others
• Collaborates - Contributing through others
• Being resilient - Contributing through others