The Risk and Compliance Director is responsible for spearheading the organisation's risk management and compliance programs to ensure regulatory adherence, mitigate potential risks, and protect the company's assets.
This pivotal role encompasses oversight of insurance programs, contract evaluations, and the development of strategies to safeguard operational and financial stability.
The Director collaborates closely with senior leadership to align risk management initiatives with organisational goals and regulatory requirements.
Main Responsibilities Risk Management Design, implement, and maintain a comprehensive enterprise-wide risk management framework.
Identify, evaluate, and mitigate risks across diverse business units.
Conduct regular risk assessments to proactively address potential exposures.
Monitor industry trends and regulatory updates to refine risk strategies.
Compliance Ensure organisational compliance with applicable laws, regulations, and internal policies.
Develop and execute compliance programs, training, and policies.
Lead internal audits to ensure adherence to compliance standards.
Act as the primary liaison with regulatory bodies.
Insurance Oversight Oversee the organisation's insurance programs, including liability, property, workers' compensation, and other coverage areas.
Evaluate insurance policies to ensure adequate protection and cost efficiency.
Manage relationships with brokers, carriers, and providers.
Coordinate claims management processes and resolve insurance disputes.
Contract Review and Negotiation Analyse, review, and negotiate contracts to identify and address potential risks.
Collaborate with legal and procurement teams to ensure contractual obligations align with organisational risk tolerance.
Maintain a contract database and ensure compliance with contractual terms.
Leadership and Collaboration Act as a global leader, driving the growth of regional risk and compliance capacity.
Provide guidance and training to staff on risk and compliance best practices.
Foster a culture of risk awareness and compliance across the organisation in collaboration with senior leadership.
Prepare and present reports to the executive team and board of directors on risk and compliance activities.
Experience, Competence, and Knowledge Bachelor's degree in Risk Management, Business Administration, Finance, or a related field (Master's degree preferred).
Minimum of 7 years of experience in risk management, compliance, or a similar leadership role.
Comprehensive understanding of regulatory requirements, risk assessment methodologies, and insurance policies.
Proficiency in analytical, negotiation, and communication skills.
Certifications such as CRM (Certified Risk Manager), CPCU (Chartered Property Casualty Underwriter), or equivalent are highly desirable.
Personal Qualities Strategic thinking and effective problem-solving skills.
Strong ethical standards and a commitment to compliance.
Exceptional attention to detail with the ability to manage multiple priorities.
Inspirational leadership and team management capabilities.
Collaborative approach to foster positive relationships with senior leaders, clients, and other stakeholders.