Head of Compliance & Regulatory Affairs

About the role

Assupol Life is recruiting a Head of Compliance & Regulatory Affairs for its Pretoria office. This is a permanent, senior management position responsible for ensuring the group complies with applicable legislation, advising management on legal matters and overseeing compliance monitoring, risk management plans and the complaints department.

Key responsibilities

• Ensure Assupol complies with applicable legislation and advise management on legal matters
• Keep policies and procedures up to date with legislation, in plain language, and draft them where needed
• Monitor compliance with laws, regulations and industry requirements, using the Regulatory Universe and Exclaim for self-monitoring of high-risk legislation
• Develop and maintain Compliance Risk Management Plans (RMPs) with the embedded business risk management function
• Analyse compliance risks and advise management, committees, the business risk function and employees
• Protect the group's reputation by enforcing reputational risk policies and procedures
• Maintain the Compliance Manual and assist with policy drafting, training and awareness
• Report material compliance matters to the Group Head: Legal and Compliance and the CEOs, and complete monthly and quarterly compliance reports
• Oversee the Complaints Department, dispute resolution, the debarment process, replacements of policies, the Credit Control Committee, debt collection and broker agreement compliance
• Prepare annual compliance and monitoring plans and contribute to sustainability reporting

Required profile

• Minimum 8 years' experience in the long-term insurance industry, of which 5 years in regulatory compliance risk management
• Experience in compliance monitoring principles
• Senior management level
• LLB degree or equivalent; postgraduate qualification in compliance risk management is an advantage