Risk and Compliance Specialist, Durban

Position REF: IG RCS-04/2026

Icebolethu is calling for suitable candidates to apply for the permanent position of a Risk and Compliance Specialist for our Group Risk and Compliance Department. This position will play a critical role in developing, implementing, and monitoring risk management and compliance programs for the Icebolethu Group of companies. The role includes identifying potential risks, assessing their impact, and implementing controls to mitigate those risks, while ensuring adherence to relevant laws, regulations, and internal policies.

Minimum Qualifications

Bachelor's degree in Law, Risk Management, Finance, or a related field.

Postgraduate Diploma in Compliance Management (advantageous).

Experience and Knowledge required

Minimum 5 years of experience in risk and compliance roles.

Experience in insurance or funeral industry preferred.

Familiarity with governance frameworks i.e. King IV, ISO 31000, ISO 22301.

Proficiency in Microsoft Office (Word, Excel, PowerPoint and Outlook).

Knowledge of reporting dashboards or BI tools.

Skills and Competencies required

Strong understanding of risk management principles and methodologies.

Knowledge of relevant regulations and compliance frameworks.

Analytical and problem‑solving skills.

Excellent communication and interpersonal skills.

Attention to detail and ability to work independently.

Experience in a related field, such as compliance, governance, or risk management.

Key Performance Areas

Provide guidance and advice to employees, management, and EXCO on risk and compliance matters.

Identify potential risks within the IG, including those related to compliance, operations, ICT and financial matters.

Based on the identified risk areas develop a strategy to adequately address high‑risk areas.

Develop and implement a Compliance Risk Management Plans (CRMPs).

Develop the risk profile/risk registers for each business unit and/or key function.

Review policies and procedures to clearly outline risk and compliance management expectations.

Ensure policy socialization and enforcement. Regular reviews to keep the policies up‑to‑date with the latest regulatory changes and internal process improvements.

Provide timely and accurate risk and compliance reports; communicate findings and recommendations to management and EXCO.

Investigate potential compliance violations or incidents and recommend corrective action to prevent future violations.

Explore automation ideas to ensure efficiency in the monitoring process.

Assist SHEQ Officer to fulfil the duties and responsibilities within a Safety, Health, Environment and Quality management.

Risk Identification and Assessment: Identifying potential risks across various areas of the organisation, including financial, operational, and regulatory risks.

Developing and Implementing Risk Management Plans: Creating and executing risk mitigation strategies and action plans.

Monitoring and Reporting: Ongoing evaluation of compliance adherence and risk exposure. Tracking key risk indicators, monitoring compliance with regulations, and reporting on risk and compliance status to relevant stakeholders.

Policies and Procedures: Assisting in the development and implementation of risk management and compliance policies and procedures. Ensure that IG employees adhere to policies and procedures, regulatory requirements, and industry standards.

Training and Awareness: Actively encourage a culture of risk and compliance within IG through regular training and awareness initiatives. Educate employees on IG policies, compliance requirements, industry best practices and risk awareness.

Internal Process Efficiency (Internal Operations): Streamline risk and compliance processes to enhance efficiency and effectiveness.

Staying Updated on Regulations: Monitoring changes in relevant laws and regulations and updating risk management and compliance programs accordingly.

Staying Updated on Regulations: Occupational Health and Safety: Ensures a safe working environment by minimizing risks exposures related to injuries, illnesses, accidents and non‑compliance with OHS regulatory requirements.

Reporting and Documentation: Prepare regular risk and compliance reports for senior management. Maintain documentation of compliance activities and monitoring findings.

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