Regulatory Affairs Manager at Jubilee Insurance

Main Responsibilities

Compliance

• Review of all relevant statutory laws and regulations applicable to the Company and ensure compliance.
• Ensure that business activities are conducted in conformity with all applicable laws, regulations, internal policies, and procedures.
• Ensure that all regulatory permissions remain current and appropriate for business needs. Provide reporting with respect to regulatory requirements and developments.
• Continual compliance risk assessment of company practices together with the development of internal policies and procedures, compliance training and protocols.
• Serve as the liaison for all regulatory bodies as well as maintaining relationships with relevant legal bodies and trade associations.
• Keep abreast of regulatory developments and industry initiatives and advise management accordingly.
• Liaise with departments to understand the regulatory and internal control gaps. Follow up to ensure implementation of mitigating controls.
• Develop compliance checklists and prepare compliance reports.
• Inform the Management unit of any findings with regards to non-compliance that may require investigation.
• Ensure compliance with best practices and participate in business process re-engineering exercises to ensure controls.
• Carry out review of SLAs and Manuals to ensure applicable regulatory laws are incorporated.

Data Protection

• Preparation of compliance documentation with respect to Data Protection for statutory, legal and regulatory purposes.
• Maintenance and review of Agreements with respect to Data Protection.
• Develop and oversee Data Protection obligations under relevant laws and the requirements of regulatory authorities.
• Liaise with the Data Protection Officer to understand the requirements and ensure implementation for the Company.

Risk

• Identifying potential regulatory and non-regulatory risks through ongoing risk assessments with relevant business leads.
• Liaising with the business to identify team specific risks to maintain & update the Business Risk Assessment.
• Evaluating identified risks against a variety of information & factors (e.g., documents /statistics /reports/trends) to provide commentary and recommendations on how to mitigate these risks.
• Driving service levels from the Risk & Compliance function to ensure that the operational risk needs of the business are serviced appropriately, through maintenance/reporting and controls of key areas.
• Initiating action to address any gaps or deficiencies identified during the remediation process.
• Providing insightful and quality reporting to the Head of Department, CEO, and other key stakeholders to support risk processes.

Key Competencies

• Understanding of insurance risk and compliance legislation in Kenya
• Market Awareness
• Ownership & Commitment
• Team Spirit
• Effective verbal and written communication skills on complex technical topics to a non- technical audience
• Ability to multitask and ensure delivery of set goals
• Change Management

Qualifications

• Bachelor’s Degree in Law, Business, or any other relevant field
• CPA/ACCA, ACII or Forensics qualification will be an added advantage.

Relevant Experience

• Minimum of 7 years relevant experience with at least 3 years within the Compliance Space, preferably within the Financial Services Industry. Experience within the insurance industry will be an added advantage.

Closing Date: March 2, 2022