Head, Group Risk Management & Compliance at ICEA Lion Group

Job Summary:

• Reporting to the Board Audit & Risk Committee (Functionally) and Group CEO, (Administratively), the job holder will be responsible for:
• Risk management: Develop, maintain, manage and execute a comprehensive process for identifying, assessing, mitigating, monitoring and reporting on risks that may impact on organizational performance.
• Compliance: Ensure the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory agencies, laws and that company policies and procedures are being followed, and that behavior in the organization meets the Company’s Standards of Conduct.
• ESG and Sustainability: To provide strategic and governance support for the Group’s ESG/Climate Risk and Natural Capital Agenda

KEY ROLES AND RESPONSIBILITIES

Risk Management

•   Develop, implement and maintain an Enterprise Risk Management (ERM) framework
•   Develop and implement ERM strategic and annual plans
•   Develop and implement appropriate and effective risk assessment methodologies, models and systems in line with best practice principles.

Compliance Management

•   Develop, initiate, maintain, and revise policies and procedures for the general operation of the Compliance Framework and its related activities.
•   Develop and periodically review and update the Code of Conduct and Business Ethics.

Business Continuity

•   Develop and review the Group’s Business Continuity Planning framework, and monitor subsequent updating of the Groups Business Continuity Management framework.

Anti-Money Laundering Reporting

•   Design/build and implement a financial crime (i.e. Anti-money laundering, anti-fraud, combating terrorist financing and anti-bribery and corruption) program to monitor compliance across all relevant parts of the Group and any outsourced functions.

Corporate Governance

•   Develop and review corporate governance processes and procedures and make recommendations to the Board.

Sustainability (ESG, Nature and Climate Change)

•   Ensure the Group remains in good standing with its signatory status including the UNEP PSI, The Net Zero Insurance Alliance, UN Global Compact, among others.
•   Develop and implement the company sustainability strategy to build positive stakeholder relationships, while strengthening the company value proposition.

Legal

• Support the commercial contract negotiation, drafting, review, management and supporting various functions in the business. This includes management of legal and regulatory compliance risks.

Quality Assurance

• Support the quality assurance process during the development and rollout of new technology systems. This includes coordinating post implementation reviews as well as issuance guidance to support go-no-go decisions.

Requirements

•   Bachelor Degree in Risk Management, Business/Commerce, Law, ICT or other relevant field from a reputable university.  A Masters degree is an added advantage.
•   Diploma in Risk Management. Certifications in anti-money laundering (ACAMS), ESG/sustainability, compliance, ICT and cyber risk (CISA, CRISC) are also essential.
•   At least 10 years as a risk practitioner (5 of which should be at senior level).

CORE TECHNICAL COMPETENCIES

•   Strong leadership and management skills.
•   Strong communication and presentation skills including ability to develop proposals, concept papers, position papers as well as write reports and prepare relevant publications.
•   High level interpersonal and cross-cultural skills, including ability to build alliances and collaborative relationships with sensitivity to diversity.
•   Strong strategic thinking, formulation and implementation skills including the ability to communicate strategy and impact concisely and simply.
•   A deep understanding of the financial services sector.
•   Must be a self-starter, highly organized, and able to work well with people at all levels in the organization
•   Laws and regulations: Good understanding and working knowledge of applicable legislative and regulatory requirements relating to the insurance industry.
•   Technical knowledge: In-depth knowledge of principles, methodologies and practice of Enterprise Risk Management as well as ERM internal controls and assurance.
•   Report Writing: Ability to produce reports with in-depth analysis and interpretation of complex business issues; understand business context of report.
•   Quantitative /Qualitative analysis: Carry our complex numerical analysis (e.g. trends, forecasts, scenario building)