Partner - Regulatory Initiatives

3 weeks ago


West Perth, Australia Royal Automobile Club of WA Full time

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 - Regulatory Initiatives, you will be instrumental in helping RAC Insurance maintain a robust risk culture. Your expertise will guide the business in navigating complex regulatory landscapes, ensuring compliance, and driving necessary changes. You’ll be a trusted advisor, offering critical insights into regulatory initiatives, compliance obligations, and fostering strong governance and accountability.

Key Responsibilities:

- Monitor and assess regulatory changes, ensuring RAC Insurance adapts swiftly to maintain compliance.
- Engage with stakeholders, build awareness, and drive the implementation of regulatory changes.
- Maintain and communicate a detailed plan for upcoming regulatory changes to stakeholders.
- Provide advice in risk workshops, aiding in the understanding and documenting of compliance impacts.
- Support business leaders in identifying and implementing controls to meet regulatory requirements.
- Seek legal advice when necessary to ensure compliance accuracy and update registers accordingly.
- Stay informed about national and international regulatory trends impacting the insurance sector.
- Lead, coach, and develop a team of Senior Risk and Compliance Advisors to foster growth and performance.
- Provide oversight and reporting on Risk and Compliance performance from senior management to board level.
- Build and maintain strong relationships with internal and external stakeholders.
- Attend regulatory seminars and stay current on regulatory communications and trends.

Qualifications and Experience:

- Significant experience leading risk and/or compliance teams in financial services or regulated industries, with a preference for insurance exposure.
- Strong strategic thinking, critical judgment, and problem-solving skills.
- Proven experience in writing reports for Senior Management and Boards.
- Demonstrated ability to influence, communicate, and manage diverse workloads effectively.
- In-depth knowledge of APRA Prudential Standards, Insurance Contracts Act, Corporations Act, and ASIC Regulatory Guidelines Membership in relevant professional bodies (desirable).
- Tertiary qualifications in Insurance, Risk Management, or a related field (desirable).

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

Why 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.

BetterJourneysRAC

LI-LH1



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