Job Vacancy RISK & COMPLIANCE SENIOR OFFICER
BACKGROUND
Prime Insurance Limited is an insurance company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR).
The Company is seeking to recruit a highly skilled, self- motivated and experienced person to fill the following post:
KEY ROLES & RESPONSIBILITIES
Under the supervision of Chief Executive Officer and the Risk Management, Ethics and Compliance Committee the Risk & Compliance Senior Officer shall have the following key roles and responsibilities:
- Use suitable processes and tools for identifying, assessing, monitoring, managing and reporting on risks;
- Regular reviews of the risk management system and implementation of corrective or additional measures if necessary;
- Evaluate the company’s capacity to absorb risk given the nature, probability and impact of identified risks;
- Identify and manage risks arising from the internal and external environments;
- Develop a risk register and put in place a management measure to mitigate those risks identified;
- Identify, assess, monitor, and control foreseeable material risks at both an individual and aggregate level;
- Communicate to the management and Board of Directors the probability, impact and time horizon of such risks identified;
- Maintain an aggregate view of the company’s risk profile;
- Assess the key compliance risks and steps being taken to address them;
- Assess how various business units or departments are performing against compliance standards;
- Identify compliance issues involving management or persons with key responsibilities within the insurer;
- Follow up on material instances of non-compliance and any associated investigations;
- Follow up on fines or disciplinary actions taken by the Central Bank or any other regulatory authority in respect of the insurer or any employee.
Required Skills & Qualities
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- Excellent Organizational Skills
- Proficient Communication Skills
- Effective Problem-solving
- Assessment & Interpretation
- Critical Thinking Ability
- Creativity
- Integrity
- Strong People Skills
- Up-to-date Knowledge of Business technology and IT
- Sound Understanding of Regulatory Guidelines and other Policies
- Fluent in English, French, and Kinyarwanda.
- Rwandan Nationals of age between 35-50 years are only eligible Candidates.
Education & Experience
- Master’s degree in risk management, actuarial science, finance, accounting, economics or related field with;
- Having completed CPA, ACCA or any other related professional qualification;
- A minimum of consecutive six (6) years working in risk management in insurance or reinsurance companies or similar institutions of which 3 have been passed in managerial position.
APPLICATION PROCEDURE
- Application letter addressed to Chief Executive Officer,
- Recent Curriculum Vitae (CV) with proven work Experience,
- Notarized education certificates,
- A copy of National Identification;
- Three referees.
Please send your application on hrm@prime.rw
The deadline for submitting applications is August 02nd, 2022 at 5pm local time.
NB: Only shortlisted candidates will be contacted.
Chief Executive Officer
