Risk Compliance Manager at Old Mutual Kenya

Reporting to the Chief Risk Officer, the incumbent will be responsible for providing an effective compliance risk management framework and appropriately resourced specialized regulatory compliance support to the Group. The Compliance Manager will to lead the Compliance Functions within the Group providing strategic direction and focus and needs to develop Group-wide compliance coverage plans and achieve the Compliance Function’s targets.

The key objectives for this position are: -

1. Establish and continuously improve a consistent operating framework for the identification, management, monitoring and reporting of Compliance risks and issues.

2. Responsible for ensuring that the operating framework meets internal GOM and statutory requirements.

3. Develop an appropriate and effective compliance officer training strategy.

4. Develop and appropriate compliance communication strategy and facilitate the implementation across the Group

5. Responsible for the review, challenge and roll-out of Compliance Policies and standards.

6. Participate in industry bodies to ensure alignment of Compliance methodology to industry good practice and regulatory requirements

7. Develop valued and value-for-money advice and guidance to business units and management on all compliance issues.

8. Report to relevant governance committees such as the Group’s Executive Management Committee; Board Audit Risk and Compliance Committee and Group Board

9. Promote a compliance culture throughout Group

10. Ensure that internal policies do not contravene current and/or proposed legislation, rules and regulations.

11. Monitor that policies are applied consistently across business units.

12. Determine the impact of current and new legislation, rules and regulations on the Group, its current/new projects and current/new products.

13. Assist Line Management to comply with applicable statutory, regulatory and supervisory requirements and to avoid sanctions related to none compliance.

14.  Evaluate new laws and regulations and stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the Group.

15. Monitor non-compliance and escalate any issues where non-compliance is not addressed.

16. Liaise with Risk Management and Internal Audit on risk related issues, as well as non-compliance with internal policies, legislation, rules and regulations.

Qualifications and experience

• Bcom/BA/LLB

• 7 years relevant experience.

Knowledge and Skills

• Minimum of 7 years’ experience in compliance preferably in financial institutions

•  A general knowledge and understanding of financial services industry (Insurance, Banking and Asset Management), as well as legislation, rules and regulations impacting the industry.

• Ability to communicate effectively, verbally and in writing, to clearly express logically reasoned ideas.

• Ability to think clearly and asses matters quickly and to solve problems with the minimum fuss and time Ability to make/take calculated decisions and to think forward and act accordingly.

• Knowledge of sourcing information

• Ability to influence Senior and Executive Management