Risk & Compliance Officer at Africa RE

Responsibilities

• The successful candidate shall support the Department primarily in the Compliance and Risk Management processes, and any other tasks as delegated to them from time to time.

Duties / Job Details
The main duties of the Risk & Compliance Officer shall comprise the following, amongst others:

• Ensure the Corporation has adequate policies in place for good governance and compliance with international best practices, e.g. AML/CTF, Fraud, Whistleblowing, ESG, etc
• Liaise with business units to obtain KYC information on existing and new clients as well as performing due diligence on such clients.
• Regularly review and monitor the Corporation’s internal policies to ensure there are no gaps in approach
• Respond to queries from internal departments relating to compliance matters
• Support in enterprise-wide risk and compliance policy training, awareness and communication
• Monitor risk exposures and compliance with risk policies
• Support the Risk & Compliance department in the periodic risk management process, including:
• Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
• Update and manage the Corporation’s risk software
• Support in analyzing data and assumptions to be used in risk and capital modelling
• Manage business continuity plans
• Generate and prepare risk reports
• Support in coordinating rating exercises

Qualifications and Professional Experience
Applicants shall be holders of:

• First University Degree in relevant fields (Finance, Accounting, Risk Management, Actuarial Science, Law);
• 4-5 Years of experience in a similar role;
• Advanced knowledge and practical experience with Compliance and Risk Management;
• Relevant work experience in a reputable Insurance / Reinsurance organisation at similar level is required;
• Relevant professional qualifications in Risk Management, Actuarials, Compliance Management, and a strong background in Law will be added advantage

Applicants must also be:

• Fluent in English; a working knowledge of French will be an added advantage;
• Nationals of a members State of Africa Re;
• Not more than 35 years old.

Main Competencies Required for this Position:

• Sound knowledge of generally applicable compliance issues and regulations faced by financial service providers across Africa
• Sound knowledge in data analysis and interpretation of financial statements;
• Excellent communication and presentation skills, as well as proven writing and reporting skills;
• Very high numerical and analytical skills;
• Sound knowledge of the financial services industry;
• Ability to multitask and learnt fast;
• Very high integrity and good sense of responsibility;
• Good interpersonal skills;
• Advanced level of proficiency in Microsoft Excel tool and excellent skills in other MS Office applications (Word, Access, PowerPoint).

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s SS Grade Level
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Child education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and recognized dependents;
• Transport Allowance
• Housing Allowance
• Inflation Adjustment allowance.