Risk and Compliance Officer at Prudential Life Assurance Kenya

The Risk and Compliance Officer will play a crucial role in an organization by identifying, assessing, and mitigating potential risks to safeguard the company’s assets and reputation. The role holder will assist the Head of Risk & Compliance or manage designated activities and tasks in the Risk & Compliance Department which are necessary to meet the Risk & Compliance Department’s objectives.

Principal Accountabilities

• Conduct risk assessment, identification, management, reporting and optimization for Prudential.
• Review adherence to internal processes and procedures and the Prudential risk framework and other Prudential policies.
• Conduct compliance monitoring as per the approved Compliance plan and assess the level of regulatory compliance of PLAK processes and procedures to the legislation.
• Support departments in conducting Policy attestation ensuring gaps identified clearly defined with action plans to address the gaps and timelines to ensure compliance.
• Co-ordinate with the risk champions to implement departmental risk management and maintaining of department risk registers.
• Support in enhancing the processes for the collection and aggregation of data and reports and creation of new reports necessary to satisfy risk and compliance requirements.
• Support successful deployment of key risk and compliance objectives/projects.
• Such additional functions and duties as the CEO or the Head of Risk and Compliance may from time to time require to achieve the objectives of the organization.

Required Skills and Competencies

• Ownership - Assuming responsibility and accountability for the successful completion of own tasks and adhering consistently to standards of excellence. Ensuring that all relevant detail has been considered.
• Planning & organizing - Self-driven, with the ability to establish a course of action for self and others to ensure that goals are achieved. This includes the effective management of time and resources; and the ability to adapt plans when appropriate.
• Decision Making - The ability to make balanced and sound recommendations and decisions, by understanding issues and problems, evaluating the consequences of alternative solutions and to select the most appropriate alternative. Recommendations and decisions need to be implementable, effective and well thought through.
• Business Awareness - High level understanding of insurance and regulatory environment.
• Aligning Performance for Success - Working with the team to ensure focus and accomplishment of work objectives.
• Culture fit - Ability to demonstrate and live out the Prudential values.

Required Qualifications

• Bachelor’s degree in Actuarial science/Accounting/Mathematics or any other degree in finance.
• At least two years of experience preferably in the finance sector.
• Conversant with Ms Office Suite.