Who are we?
At MiWay, our purpose is to enable people to live their way. We understand that life is not justabout "things" but the
meaning that those things bring to your life. We believe that technology andinnovation have infinite possibilities when
it's inspired by humans by you.
Therefore, we focus on our clients' needs; finding new ways to simplify their lives and how they dothings.
We give them products, services, and solutions that enable them to live and enjoy life on their ownterms – in their own way.
Agile values and principles are strongly embedded in our culture, and they are at the core of howwe make decisions and
how we approach adding value within the company.
Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.
What will you do?
Senior Compliance and Risk Manager will provide independent oversight and strategic leadership across the Compliance and Risk functions, ensuring the organisation operates within legal, regulatory, and risk appetite parameters, while safeguarding stakeholder value and supporting business objectives.
The role is accountable for embedding a strong compliance culture, enhancing enterprise risk management capabilities, and ensuring robust governance aligned to regulatory and internal standards.
Key Responsibilities
Compliance Management
- Develop, implement, and maintain the regulatory compliance framework, policies, and procedures
- Maintain and update the regulatory universe and communicate changes to stakeholders
- Monitor compliance with legislation, regulatory obligations, and internal policies
- Develop and oversee Compliance Risk Management Plans (CRMPs)
- Provide proactive regulatory advisory to business units
- Lead regulatory reporting and engagement with regulators (e.g. FSCA, Information Regulator)
Enterprise Risk Management
- Support implementation and enhancement of the ERM framework
- Oversee enterprise-wide risk identification, assessment, and mitigation processes
- Maintain and monitor the risk register, ensuring key risks are tracked and escalated
- Facilitate risk appetite embedding and alignment to business strategy
- Provide regular risk reporting to management, Exco, and Board committees
Monitoring, Assurance and Reporting
- Develop and execute risk-based compliance and risk monitoring plans
- Track compliance breaches, incidents, and remediation actions
- Provide consolidated reports to applicable forums
- Monitor effectiveness of internal controls and governance processes
Governance and Regulatory Engagement
- Support governance forums with insights and reporting
- Ensure adherence to governance standards and regulatory expectations
- Maintain independence while providing advisory input to the business
- Engage proactively with regulators, audits, and inspections
- Support governance structures that ensure clear separation between risk oversight and business operations
Culture, Training and Capability Development
- Drive a strong compliance and risk culture across the organisation
- Develop and deliver training and awareness programmes
- Provide mentorship and leadership to compliance and risk teams
- Support capability development and maturity of control functions
Strategic Contribution
- Provide input into strategic initiatives, product development, and partnerships
- Identify emerging regulatory and risk trends impacting the business
- Ensure risk and compliance considerations are embedded in business decisions
Minimum Requirements
Qualifications
• Compulsory: LLB / BCom Law / Bcom Risk
• Postgraduate qualification (advantageous, e.g. Risk Management or Compliance)
• Registered FAIS Compliance Officer Category
Experience
• 8–10 years’ experience in compliance and/or risk within financial services (insurance preferred)
• Experience engaging with regulators (e.g. FSCA)
• Proven track record in leading compliance or risk functions
• Experience in governance forums and board level reporting
Knowledge and Skills
Personal Attributes
Core Competencies
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.
Our commitment to transformation
At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.