Risk & Compliance Manager - (2000001P)

Risk & Compliance Manager - (2000001P)
Company:

Britam Insurance


Risk & Compliance Manager - (2000001P)

Details of the offer

The role holder is responsible for ensuring the company risks, including operational, financial and country risks are understood and managed within the risk appetite and also ensure compliance with regulatory and supervisory requirements.
Knowledge, experience and qualifications required
Master’s degree in finance, business administration or related field

Bachelor’s Degree in Finance, Business Administration or a related field

At least 12 years’ experience and at least 6 years in a managerial role with prior experience of 4 years in a risk management insurance in a busy and high performing insurance company or group.

Accreditations in Risk Management required.
Responsibilities

ENTERPRISE RISK MANAGEMENT
Assist the BU board with developing and implementing the group enterprise risk management framework which includes articulating the risk appetite statement.

Development of the risk management culture to support the implementation and effective operation of enterprise risk management.

Advise senior leadership on significant key risk exposures while maintaining a perspective that is both independent and sensitive to the commercial objectives of the enterprise.

Ensure that there are appropriate tools and methodologies such as VaR deployed to measure and quantify the current risk exposure on key parameter such as group earnings and capital.

Ensure there are risk registers maintained for the BU in the Group that comprises key potential risks facing the BU and that the risk register contains the corresponding risk indicators.

Continuously liaise with the various Business Units/countries to identify, quantify, mitigate and monitor operational and financial risk across the group.

Develop and implement risk responses to ensure that risk factors and events are addressed in a cost-effective manner and provide management with information to enable risk response decisions.

Monitor risk and communicate information to the relevant stakeholders to ensure the continued effectiveness of the enterprise’s risk management strategy.

Report on all risks on the group risk taxonomy and captures and report on risk events.

Develop and maintain risk management guidance materials, controls, training resources and an internal ERM manual for use at Board, BU and departmental level.

COMPLIANCE MANAGEMENT

Design and ensure implementation of the Group Compliance Management Policy and Framework.

Ensure periodic review of compliance with regulatory and supervisory requirements as well as Britam internal policies.

Advising BUs/countries on the regulatory implications of future business strategies.

Developing compliance guidance materials, controls, training resources and internal procedures manual.

BUSINESS CONTINUITY

Develop a Business Continuity Policy, Strategy and BCP & DR Plans and ensure roll out in the business.

Ensure that key parameters such as RPO and RTO are articulated by the business and appropriate enabling BCM capabilities are in place including the setup of a Tier IV data centre.

Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Board and Management.

Monitor and track BAU capabilities through liaison with BUs / countries.

ANTI-MONEY LAUNDERING

Via a separate appointment letter, the Group Chief Risk & Compliance Officer may be appointed to be the Money Laundering Reporting Officer for the Group.

Developing internal policies relating to Anti Money Laundering within the organization and overseeing implementation.

Developing AML guidance materials, controls, training resources and an internal handbook.

Advising senior management on the implications and scope of internal policies and related plans.

Ensure due diligence reviews are carried out, reporting on the outcome of Anti Money Laundering risk assessments and ensuring that remedial action is taken.

Ensure that suspicious transaction reports and cash transaction reports are filed as appropriate with the Financial Report Centre.

Ensure full compliance with International, Regional and Local regulation and legislation governing Anti-Money Laundering and Counter Terrorism initiatives.

GENERAL

Build the required risk management skills and ensure training of the board is carried out to provide a more effective management of risk and to keep up with increasingly complex regulatory requirements.

Represents the BU in industry associations on matters related to risk, compliance and ethics and in interactions with regulators.

System owner and functional administrator for enterprise risk management, compliance and business continuity information system and analysis software

Driving and embedding the appropriate risk culture across the business

Driving of the risk technology and ensure the appropriate functioning of the risk committees.

Job Requirements
Required education
: Post-graduate education

Required relevant work experience
: 10 years

Required languages:
English (Spoken: fluent | Written: fluent)
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