Risk & Compliance Officer at GA Insurance

Duties and Responsibilities: 

• Develops and monitors risk registers for all departments and performs risk assessments  for new products and vendors. 
• Prepares risk register reports and analysis for review by the manager. • Monitor, and as necessary, coordinate risk and compliance activities through respective  departments to ensure GA remain abreast of the status of all insurance related risks &  compliance activities. 
• Follow up of any identified deficiencies and make recommendations for amendment. • Implement the risks and compliance policies and procedures in place. • Provide reports on a monthly and quarterly basis, and as directed or requested. • Provide relevant information required by external bodies and regulators on compliance matters such as reporting suspicious transactions related to money laundering and the  fight against terrorism financing.
• Monitor the performance of the compliance program and related activities on a  continuous basis, taking appropriate steps to improve its effectiveness. 
• Implementing an effective risk training program as will be developed. • Keep abreast with the applicable laws, regulations, rules, and standards in the risk &  compliance fraternity and advise on the emerging developments of the same. • Team participation both within the department and other departments. 

Job Holder Specifications: 

Education/Qualifications: 

• Bachelor’s degree in Commerce, Finance, Business Administration, or its equivalent  from a recognized institution. 
• CPA (K), Risk Certification or Equivalent Professional qualification.
• • Member of a professional body e.g., ICPAK, ISACA etc. will be an added advantage.

Working Experience: 

• 3 – 5 years’ experience. 
• Background in financial industry will be an added advantage. 

Competencies 

• Strong analytical and organizational skills. 
• Personal attributes: integrity, dependable, initiative-taking, results-oriented, creative, and strong interpersonal skills. 
• Ability to operationalize strategy into action for the function. 
• Effective communication skills, both verbal & written.