Compliance Specialist
Core
Provide regulatory compliance advice, monitor processes and controls, and ensure adherence to statutory and legislative requirements for cell captive insurers.
Role type
Compliance Specialist (Cell Captive Insurance)
Builds
Business processes, controls, governance frameworks, and compliance risk assessments for cell captive insurers.
Domain
Insurance / Regulatory Compliance
Required skills
Cell captive insurer compliance expertise, risk management, legislative knowledge, process design, root cause analysis, trend analysis, governance implementation, regulatory impact assessment, stakeholder engagement, audit remediation.
Preferred skills
Legal qualification, BCom qualification, technology platform enablement, innovation in process streamlining.
Technologies
None explicitly stated
Responsibilities
Advise on design and building of business processes and controls to meet compliance requirements; Ensure implementation of policies, governance, and practice standards; Develop understanding of risks and risk management approaches; Create reports summarizing findings and identify risks; Identify, control, and escalate potential risks; Develop and implement compliance awareness campaigns; Utilize root cause analysis and conduct trend analysis; Research and consult on technology improvements; Review and suggest improvements to existing processes; Maintain knowledge of legislative amendments and industry best practices; Implement and develop governance procedures; Educate business on regulatory landscape and compliance implications; Monitor business committee operations; Provide regulatory support for compliance risk and control assessments; Guide business in addressing compliance risks; Influence enhancement of business processes; Support prevention of compliance breaches and reputational risk; Engage with stakeholders on assessment findings; Participate in specialist risk forums and communities of practice.
Seniority
Mid-level, hands-on IC