Chief Compliance Officer at Allianz Nigeria Insurance Ltd.

Job Description

• Review and evaluates compliance issues / concerns within the organization and ensures compliance with all statutory regulations/internal policies. 
• Collaborates with other units (e.g. Legal) to direct compliance issues to appropriate existing channels for investigation and resolution. 
• Consults with the Legal Officer as needed to resolve difficult legal compliance issues.
• Develops, initiates, maintains, and revises policies and procedures for the 
• general operation of the compliance program and its related activities to prevent illegal, unethical, or improper conduct. 
• Responds to alleged violations of rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures. 
• Acts as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated,  investigated and resolved.
• Monitors, and coordinates compliance activities of other departments/units to remain abreast of the status of all compliance activities and to identify trends.
• Provides reports on a regular basis, and as directed or requested, to keep the 
• Board and Management informed of the operation and progress of compliance efforts.
• Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
• Ensure preparation of weekly NFIU returns
• Responsible for monthly, quarterly, half-yearly and yearly returns to NAICOM and NFIU
• Review of underwriting files and ensuring that “know your customer (KYC) forms are maintained in underwriting files.

Job Requirements

• Minimum of 12 years post NYSC work experience in Compliance, preferably in the financial industry with at least 6 years in a managerial position
• Candidate must possess a bachelor's degree in Accounting or any other related discipline
• Membership of one or more relevant professional bodies (i.e. ICAN, ACCA) is required
• Broad experience in creating risk analysis and control, service standards, operational policies and guidelines.
• Excellent knowledge of insurance operations, structure, policies and procedures.