Compliance Officer
Team: Risk and Compliance
Reports to: Head of Risk Assurance & Compliance
Salary: $600-$1000 + super (depending on experience)
Role Purpose:The Risk & Compliance Specialist will play a key role in managing and mitigating risks within the business, ensuring operational success. As a member of the first line of defense in the Risk and Compliance team, this role is responsible for identifying, assessing, managing, and monitoring risks arising from day-to-day business activities.
The role also involves promoting a strong risk management culture and ensuring compliance with relevant legislation in both Australia and New Zealand. Strong collaboration with business teams and management is essential for success in this role.
Key Responsibilities:
Risk Management:
- Provide expert risk management advice across all areas of the business as required.
- Support the business in adhering to internal risk frameworks, policies, and procedures to ensure they remain compliant, effective, and relevant.
- Assist in overseeing the company's control environment, including participation in activities such as Risk Control Self-Assessments, Risk Appetite reviews, compliance attestations, and business continuity testing.
- Help the business write and test controls.
- Collaborate with the second-line risk team to evaluate the impact of new regulatory changes, assisting the business in interpreting and implementing requirements.
- Work with stakeholders to identify key activities for the First Line Risk Program and ensure successful implementation within the business.
- Provide proactive guidance and advice on new initiatives, reviewing incidents for trends, root causes, and opportunities for business improvement.
- Conduct analysis and provide insightful reporting.
- Coach frontline colleagues in risk management practices.
General Responsibilities:
- Demonstrate strong communication skills, including the ability to lead workshops and engage effectively in group discussions.
- Adhere to the company's Code of Conduct, exhibiting ethical and professional behavior at all times.
- Operate in alignment with the company's core values: Accountability, Courage, Collaboration, and Trust.
- Comply with all company policies and procedures, including health and safety standards.
- Foster a safe and inclusive work environment.
- Perform other tasks as reasonably directed based on skills, competence, and abilities.
Key Relationships:
- Internal: Business stakeholders, Legal Services, Executive Leadership, Senior Leaders, Second-Line Risk, Internal Audit, and other team members.
- External: Legal firms, Risk consultants.
Required Skills and Attributes:
- Strong understanding of risk and control concepts and the ability to apply them effectively.
- Excellent communication skills, with the ability to simplify and explain legal, regulatory, and policy requirements.
- Solid technical and analytical skills for identifying, quantifying, and addressing business risks and non-compliance issues.
- Strong time management skills to plan, prioritize, and deliver within deadlines.
- Excellent interpersonal skills, with the ability to manage complex stakeholder relationships.
- Proficient in Microsoft Office applications.
Experience:
- Previous experience in a similar role, ideally within the General Insurance sector.
Qualifications:
- ISO 31000 Risk Management knowledge is highly desirable.
- Bachelor's degree in Business, Commerce, or Law is preferred.
- Relevant insurance qualifications are also desirable.
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