Risk & Compliance Officer at GA Insurance Ltd

Reports To: Head of Risk & Compliance

Department: Risk & Compliance

Job Summary: To initiate, implement and liaison with the respective functional heads, manage the risk and compliance initiatives for GA.

Duties and Responsibilities:

• Develops and monitors risk registers for all departments and also 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 remains 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 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:

• Diploma in Business is a requirement
• CPA II is an added advantage
• Bachelor’s degree is an added advantage

Working Experience:

• 2-3 years’ experience