Compliance & Risk (Banking & Financial Services)With over 1.3 million members RAC is one of WA's most iconic and trusted brands. We are a purpose-led member organisation striving to create greater value for our members and deliver on our purpose to be " The driving force for a better WA ."
As the Partner - Risk and Compliance, you will play a crucial role in helping RAC Insurance maintain a mature risk culture. You will oversee risk and compliance practices, provide strategic advice, and work closely with business stakeholders to ensure that the organisation adheres to its risk management framework while minimizing compliance risks. Your leadership will contribute to the development and execution of risk and compliance strategies across the business.
Key Responsibilities:Continually review and improve RAC Insurance's Risk and Compliance Management Frameworks, developing new policies and procedures to enhance risk culture.Deliver an annual risk and compliance plan, ensuring assurance to Management and the Board on the state of compliance and risk practices.Provide strategic oversight of RAC Insurance's risk profile and performance through regular reviews.Lead and develop a team of Senior Risk and Compliance Advisors, providing coaching and feedback to support individual growth.Oversee business continuity practices, ensuring alignment with risk and compliance frameworks.Provide timely and concise reports on Risk and Compliance performance to Senior Management and the Board.Build strong professional relationships with stakeholders across RAC Insurance, providing valuable regulatory advice and guidance.Manage vendor contracts related to Risk and Compliance systems and ensure these systems meet the organization's needs.Stay informed of changes in the compliance environment, applying insights to ensure ongoing regulatory adherence.Qualifications and Experience:Significant experience leading risk and/or compliance teams in financial services, ideally within the insurance sector.Excellent strategic thinking, judgment, and critical decision-making skills.Strong analytical and problem-solving skills with the ability to simplify complex compliance requirements into practical solutions.Proven ability to influence and communicate effectively, both verbally and in writing.Strong organisational and planning capability to manage diverse workloads and meet deadlines.Ability to lead by example and operate effectively in a values-driven organisation.Strong knowledge of APRA Prudential Standards, the Insurance Contracts Act, Corporations Act, and ASIC Regulatory GuidelinesTertiary qualifications in Insurance, Risk Management, or a related field (desirable).Membership in relevant industry professional bodies (desirable).What can we offer you?A workplace culture where our people feel valued, respected and empoweredWork in flexible ways that meet work/life commitments and support wellbeingBe part of a purpose led organisation that gives back to the WA communityAn environment that values ongoing career developmentFree Roadside Assistance and discounts on RAC products and services including Insurance, Holiday Parks and Resorts, Security, Finance and Auto ServicesOpportunities for community engagement and corporate volunteeringWhy Join Us?
At RAC, you'll be part of a purpose-driven organization that values its employees' contributions. We offer a collaborative and supportive work environment, where professional growth and development are encouraged. Join us in making a positive impact on the future of insurance in Australia.
Applications Close Friday 11th October 2024.
We encourage you to apply as soon as possible, as RAC reserves the right to close this vacancy without notice.
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