Compliance and Internal Control Officer at Coronation Insurance Plc

Principal Duties & Responsibilities

• Support the implementation of the company’s compliance and internal control system.
• Support the implementation of risk management and compliance processes throughout the organization.
• Identify risks within the organization and develop preventive strategies
• Make meaningful contribution to the development of the company's overall approach to controls testing and assurance techniques
• Contribute to the development of the company's overall approach to controls testing and assurance techniques.
• Detect and eliminate fraud by ensuring compliance with relevant regulations
• Identify the range of factors that can influence the perception of risk.
• Conduct analysis to assess business performance and to monitor risk.
• Report on areas where controls could be instituted to mitigate the risk of fraud.
• Identify reporting gaps and works with the business to identify new reports to meet business needs.

What we are looking for

Educational Qualification and Experience

• Bachelor’s Degree in Accounting, Business Administration or related field.
• Possession of relevant professional certifications is an added advantage
• Minimum 4-6 years relevant experience in the insurance industry is mandatory.
• Experience with data protection regulations and compliance is mandatory
• Experience in Information Technology Control will be a huge advantage

Required Skills and Competencies

• Knowledge of regulations and associated company policies related to internal controls and governance and how these policies are applied within the organization
• Good knowledge of data protection regulations and compliance
• Ability to documents processes, perform risk or control assessments to identify risk areas and mitigations and control design weaknesses
• Understanding of the methods, tools and techniques used for assurance and audit processes
• Ability to carry out control testing process by following the company testing approach, including recording results and developing conclusions based on internal guidance
• Ability to keep updated with industry, regulatory changes and professional standards in internal controls and audits
• Excellent report writing skills.
• Must be solutions driven, proactive and have acceptable knowledge of the business environment.
• An analytical mind able to “see” the complexities of procedures and regulations.