21 Sep
2021
Risk and Compliance Officer by Old Mutual
AccraJob Description
Job Description
This role is individually accountable for establishing and embedding a culture of compliance as well as ensuring that risk management processes are implemented at Business Unit (BU) levels through own efforts. The incumbent initiates and facilitates corrective action where required.
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Duties And Responsibilities
- Ensures risk processes (Risk assessment, identification, management, reporting and optimization) are occurring at BU level
- Challenges risk management information received from reporting entities
- Monitoring top and emerging risks as well as putting in place management actions to mitigate same
- Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues
- Provides oversight for risk management activities ensuring Group Risk Policy statements are met
- Rolls out policies and ensures all policies are complied with
- Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures
- Ensures monthly risk control logs are updated and follows up with various Line Managers
- Establishes and embeds compliance across the various entities within the business.
- Ensures compliance within area by implementation of compliance risk management and monitoring plans
- Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem
- Interacts with senior management on compliance and legislative developments that may influence the company direction.
- Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate noncompliance with legislation and regulation
- Manages relationships with various stakeholders
Competencies
- Innovation
- Business Awareness
- Technical Knowledge
- Execution
- Initiating Action
- Decision Making
Qualifications And Experience
- A minimum of a Bachelor’s degree (from an accredited university) in Actuarial science, Mathematics/Statistics, Risk Management, Law or related field.
- 2-3 years’ experience in Risk, Legal, compliance and audit and /or enterprise risk management function
- Working Knowledge of Life Insurance business’
Closing Date : 24th September. 2021
HOW TO APPLY
Click Here to Submit your CV and Application on Company Website