Risk & Compliance Advisor page is loaded Risk & Compliance Advisor Apply locations West Perth time type Full time posted on Posted 6 Days Ago job requisition id JR103647 Key Line 2 Compliance role Strategic role with various opportunities for progression Be part of a growing team with reach across the business With over 1.2 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."
The RAC Insurance Risk and Compliance Team is a Line 2 team who support the RAC Insurance business.
As a Risk & Compliance Advisor you will provide advice, guidance and oversight enabling RAC Insurance to enhance its risk management and compliance practices, for the better of our members.
You will assess and investigate reported incidents including their impact on our regulatory obligations, identifying potentially reportable breaches, conducting control testing and key risk indicator monitoring and recommending control improvements.
This role is offered on an initial 18 month contract. The core accountabilities and activities include:
Completing incident triage to understand potential compliance or operational impact of reported incidentsCoordinating incident investigations to ensure all potential members and scenarios relating to an incident are identifiedAccurately capturing all data relating to the incident investigation in the risk management systemIdentifying and implementing improvement opportunities to enhance compliance and operational processIdentifying and escalating material or systemic incidentsProviding advice and guidance to resolve systemic incidents through issue management and control upliftProviding oversight on incident and issue closure to ensure effective remediationConduct independent testing on key controls, documenting the outcome in the risk management system and providing feedback to the control ownerMonitoring of key risk indicators and updating as requiredSupporting the ongoing enhancement of a strong risk culture by educating and guiding stakeholders on risk management and responsibilitiesContinuously learning, enhancing personal risk and compliance knowledge as well as sharing existing knowledge with othersAssisting the broader Risk and Compliance team as required.About you You will have a natural commitment to put our members at the centre of everything you do Previous experience in risk/compliance management or a governance related fieldSound knowledge of regulatory issues affecting the insurance and financial services industryExperience applying regulatory frameworks to assess day to day operationsAbility to research and review obligations and convert into practical requirementsAbility to work autonomously, manage a diverse workload and meet competing deadlines An analytical mind with the ability to see complexities of procedures and regulations and present practical solutions Strong relationship management skills and ability to communicate clearly with senior internal stakeholdersSound analytical, interpretive, and problem-solving skillsKnowledge of APRA standards and ASIC regulatory guides including RG78 Breach Reporting requirements is considered highly advantageous What can we offer you? A workplace culture where our people feel valued, respected and empowered Work in flexible ways that meet work/life commitments and support wellbeing Be part of a purpose led organisation that gives back to the WA community An environment that values ongoing career development Free Roadside Assistance and discounts on RAC products and services including Insurance, Holiday Parks and Resorts, Security, Finance and Auto Services Opportunities for community engagement and corporate volunteering We are looking for enthusiastic professionals who will thrive in a culture of continuous improvement and actively contribute to building our risk and compliance culture. Apply with an online application - please send us your cover letter and CV showcasing what you can bring to the team.
This position will close COB Tuesday 7th May 2024 however, we encourage you to apply as soon as possible as RAC reserves the right to close this vacancy without notice.
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RAC is a purpose-led member organisation.
Established in 1905, RAC has evolved into one of the most trusted organisations in the state, with more than 1.3 million members. At RAC we don't have shareholders. That means we reinvest our profits for the better of our members and our State.
Our Purpose is to be the driving force for a better WA.
Our Vision to 2030 is to create a safer, sustainable and connected future for Western Australians.
Our Mission is delivering great member services and experiences, whilst inspiring positive community change that makes life better in WA.
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