PURPOSE:
The role will be charged with the review, design and improvement of the Compliance Framework within the CIC Insurance Group. The role provides compliance oversight from a Group wide perspective and must be competent in regulatory requirements in the financial industry with a vast experience in Insurance compliance and exposure to Fund and pension Management.
Expansive knowledge and demonstrated experience with relevant applicable regulations / compliance practise including Data Protection Act, Unclaimed Financial Asset compliance, Anti Money Laundering (AML), and Counter Terrorist Financing (CTF), Tax Compliance, regulatory Filling/ reporting requirements and standards (Local, Regional and International) in the Financial industry will be required.
PRIMARY RESPONSIBILITIES
Review and Designing of a Compliance framework for the Group complete with monitoring and reporting mechanisms.
Provide high quality Compliance advice to Business and Support functions on applicable internal policies, laws and regulations
Ensure Regulatory compliance and flag areas/ issues of non-compliance
Liaising with relevant regulators and as required from time to time manage regulatory inSspections.
Ensure all regulatory applications, returns, fillings and correspondence are done.
Management of anti-money laundering and know your client Policies, procedures, systems and reporting.
Reviewing existing controls and their alignment to regulatory requirement and adherence to internal procedures and processes
Evaluating the efficiency of controls and improve them continuously
Revising procedures and processes periodically to identify hidden risks or non-conformity issues
Review of products and the product development process to ensure compliance with regulatory requirements
Research on emerging compliance Issues.
Draft and present for approval (Internal and external) operational policies to assist in compliance with laws and regulation for management approval.
Register and communicate written approved policies and procedure across the organization.
Preparation of training materials and the delivery of training to staff.
Report to middle and senior management on the compliance deficiencies
PERSON SPECIFICATIONS
Academic Qualifications
Bachelor’s degree in law, business administration, or Finance.
Professional Qualifications
CISA/CISI/CRM, CISM, Progress in CPA
Experience
Minimum of six (6) years’ relevant experience.
Skills and Attributes
Strong knowledge of industry processes and regulations.
Outstanding communication and interpersonal abilities.
An analytical mind-set with excellent organizational and leadership skills.
Team player adaptable to fast-paced and changing environment and eager to learn.
Ability to manage tight processes, accuracy and attention to detail.
Ability to handle confidential and sensitive information with the appropriate discretion and ethics.
Ability to dive into the details and develop greater understanding of the CIC Group wide compliance requirement.
Excellent time management skills – Be able to organize and meet monthly, quarterly and annual deadlines for multiple regulators.
If you have the aforementioned professional and academic qualifications and you are ready to execute
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