Risk & Compliance Advisor

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 incidents
- Coordinating incident investigations to ensure all potential members and scenarios relating to an incident are identified
- Accurately capturing all data relating to the incident investigation in the risk management system
- Identifying and implementing improvement opportunities to enhance compliance and operational process
- Identifying and escalating material or systemic incidents
- Providing advice and guidance to resolve systemic incidents through issue management and control uplift
- Providing oversight on incident and issue closure to ensure effective remediation
- Conduct independent testing on key controls, documenting the outcome in the risk management system and providing feedback to the control owner
- Monitoring of key risk indicators and updating as required
- Supporting the ongoing enhancement of a strong risk culture by educating and guiding stakeholders on risk management and responsibilities
- Continuously learning, enhancing personal risk and compliance knowledge as well as sharing existing knowledge with others
- Assisting 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 field
- Sound knowledge of regulatory issues affecting the insurance and financial services industry
- Ability to research and review obligations and convert into practical requirements
- Ability 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 stakeholders
- Sound analytical, interpretive, and problem-solving skills
- Knowledge 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
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