RAC Insurance is seeking a Senior Risk & Compliance Specialist to drive excellence in risk management and compliance, supporting our mission to safeguard and empower our members. This is a newly created role within our Claims team.
About the Role
As the Senior Risk & Compliance Specialist, you’ll play a vital role in strengthening RAC Insurance’s risk and compliance framework. This role involves working closely with business leaders and accountable managers, ensuring that risk mitigation strategies align with RAC’s risk appetite and regulatory standards.
From strategic risk reviews to compliance guidance on process changes, you will support a culture of proactive risk management and continuous improvement.
Key Responsibilities
- Assist senior leaders in understanding their responsibilities and developing effective risk management strategies.
- Facilitate strategic and operational risk reviews, monitoring key risk indicators, and providing insights and recommendations.
- Partner with risk and control owners to design and test control effectiveness, ensuring a resilient control environment.
- Review compliance documents, training materials, and processes to ensure alignment with regulatory obligations.
- Identify regulatory changes and support initiatives to maintain ongoing compliance, including response coordination with regulators.
- Educate and guide stakeholders on risk management responsibilities, fostering a culture of strong risk practices.
- Support risk and compliance reporting to executive committees and the board, ensuring visibility of key risk areas.
What we are looking for:
- Proven experience in risk and compliance, ideally in insurance or financial services.
- Familiarity with APRA Prudential Standards, ASIC guidelines, and the General Insurance Code of Practice is highly valued.
- Strong analytical, critical thinking, and problem-solving skills.
- Ability to communicate effectively and influence stakeholders at all levels.
- Tertiary qualifications in insurance, financial services, risk management, or a related field are 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 Holiday Parks and Resorts, Security, Finance, Auto Services and Insurance
- Opportunities for community engagement and corporate volunteering
To apply for this exciting opportunity, please submit your CV to showcase your skills and experience.
Applications Close COB Monday 20th January 2025.
We encourage you to apply as soon as possible, as RAC reserves the right to close this vacancy without notice.
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What We Do
At RAC we offer career opportunities that will allow you to give back and make a difference to our members and the WA community. We pride ourselves on employing the highest calibre of people to meet our member’s needs. RAC promotes healthy living and aims to protect health and safety of employees, members and visitors. RAC has been a part of the West Australian community since 1905. We are unique organisation, built by members for members. From our origins as a motoring club, we have grown to a diverse organisation of over 1,400 employees serving more than 1 million members with a range of products and services. RAC’s difference is that we are a membership organisation, which means we don't have shareholders and we reinvest our profits for the better of our members and the WA community. House rules: We really enjoy receiving your feedback, comments and experiences and enjoy getting the most out of our LinkedIn community. With this in mind, we ask that you stick to the following guidelines: • Please be polite to other RAC LinkedIn users and treat each other as you would like to be treated. • Please don’t give out any personal information. • We cannot allow any inappropriate or offensive language. • Advertising, spam, selling and links to external shopping sites are not allowed here and will be removed. • If you want to post a link to another site to illustrate your point, please do not link to sites that require registration in order to view, or any site that prompts an automatic download as these comments will be removed. • Page admins and the RAC LinkedIn community must be able to easily understand your message. For this reason we can't allow messages which are written in code or a language which isn’t English. • We reserve the right to de-tag RAC from any posts or photos that we deem inappropriate. • Please note that repeat offenders may be reported and will be blocked from the LinkedIn page
