SanlamAllianz General Insurance Plc is seeking to recruit a highly skilled, self-motivated, and experienced person to fill the position/post of Head of Compliance
The person holding this position will be reporting to the Board of Directors and the Chief Executive Officer. As part of the Management team, the Head of Compliance will be responsible for overseeing the company’s compliance with all regulatory requirements, internal policies, and procedures.
RESPONSIBILITIES
Regulatory Compliance:
- Ensure the company’s operations are compliant with regulations, including those set by BNR, RRA, NCSA and other relevant regulatory bodies.
- Interpret and implement changes in regulatory requirements, keeping the business updated on new regulations affecting the general insurance sector.
- Monitor regulatory developments and provide advice and guidance on their impact on the company.
Risk Management:
- Identify potential compliance risks within the company’s general insurance activities and collaborate with senior management to mitigate those risks.
- Conduct regular compliance audits and risk assessments, ensuring that any issues are identified and addressed promptly.
Internal Training & Communication:
- Design and deliver compliance training programs to staff at all levels to ensure awareness of regulatory requirements and promote a culture of compliance.
- Ensure that employees are informed about compliance risks, ethical standards, and the company’s policies and procedures.
Monitoring and Reporting:
- Oversee the preparation and submission of regular compliance reports to senior management, regulatory bodies, and the Board of Directors.
- Monitor day-to-day compliance activities and ensure any breaches or violations are investigated, documented, and reported as necessary.
Data Privacy and Protection:
- Ensure compliance with data privacy regulations, such as GDPR, and manage the company’s data protection policies and procedures.
- Oversee any data protection incidents, breaches, and ensure proper reporting and follow-up.
Collaboration with Legal and Regulatory Bodies:
- Maintain open communication and strong relationships with regulatory authorities, ensuring all regulatory requirements and inquiries are addressed promptly.
- Work closely with the legal team on compliance-related legal matters and investigations.
Policy Development and Implementation:
- Assist in the development, review, and implementation of internal policies related to underwriting, claims management, and reinsurance, ensuring they align with regulatory standards.
- Oversee adherence to anti-money laundering (AML), anti-bribery, and fraud prevention measures within the company’s operations.
QUALIFICATIONS, SKILLS & ABILITIES:
- Proven experience of at least 6 years in Compliance or Risk Management in the insurance or reinsurance sector, of which 3 years in managerial position.
- Bachelor’s degree in risk management, actuarial science, economic, finance, accounting, law or a related field. A master’s degree in the same areas being an added advantage.
- Professional certificate in compliance is an added advantage
- Knowledge of risk assessment and control
- Experience with auditing and reporting procedures
- Familiarity with industry compliance standards and regulations
- Strong computer and research skills; knowledge of analysis software is preferred (e.g., Statistical Analysis Software, or SAS)
- Analytical mind with problem-solving aptitude
- Excellent communication and presentation skills
Preferred:
- Strategic thinker with advanced analytical and problem-solving skills.
- Strong project management skills.
- Computer skills (office application, accounting systems is a plus).
- Working knowledge in Audit software packages.
- A global mindset
- Able to work under pressure
The application should include the following:
- Motivation letter
- Updated CV, including three professional references. References should include the current direct supervisor or previous direct supervisors with their full names, phone number and email address.
- Copies of degrees or certificates
- Copy of national ID card/passport.
“Only applicants fulfilling the above requirements will be contacted.”
Interested candidates should send their cover letter and well detailed CV no later than November 5th 2024 via the apply button below.
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