Job Vacancies at Old Mutual Nigeria

Ref: 1107/NIGE/EU/Risk and Compliance officer (contract)/Nigeria/140718
Contract: Temporary / Contract
Available: ASAP
Category: Insurance
Offer: Market Related

Introduction

• This role is individually accountable for supporting the team in establishing and embedding compliance through own efforts, as well as supporting the team in facilitating corrective action where required.
• He or she will work under direct supervision.

Description

• Assists in mitigation of compliance risk.
• Influence is limited to specific assigned functional area or less complex BU.
• Utilises limited legislation, and impact of legislation on the BU/functional area is limited.
• Provides relevant support to the Corporate Governance team as required by the department head

Key Result Areas
Compliance:

• Assists in resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Utilises limited legislation and in all probability, the impact of the legislation on the business unit/functional area is limited.
• Supports the Chief Compliance Officer with the effective co-ordination and execution of compliance monitoring exercises
• Reviews relevant laws and monitors the regulatory universe

Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality for periods of up to 3 days
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.

Minimum Requirement

• BA/B.Com/LLB.

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REF: 1108/NIGE/EU/Head of Corporate Governance/Nigeria/140718
Location: Nigeria
Contract: Permanent
Available: ASAP
Category: Insurance
Offer: Market Related

Introduction

• This role manages risk & compliance processes and structures for all Old Mutual Nigeria businesses , providing legal advice as required through others.
• It is also individually accountable for promoting the development of reporting structures to meet information requirements of the CEO & EXCO of all Old Mutual Nigeria businesses and also for risk aggregation & concentration of risk exposure in OMN.

Description

• Establishes & embeds compliance across the business unit by analysing the impact of applicable legislation and regulation and applying this to business processes and procedures.
• Ensures compliance by the business unit with applicable legislation by means of the implementation of compliance risk management & monitoring plans.
• Reports compliance breaches to business unit management.
• Facilitates, & in appropriate circumstances partakes in, remedial actions developed by the business unit to help eliminate non-compliance with legislation & regulation.
• Represents Old Mutual Nigeria businesses on litigation matters OMGICN & OMNILAC).
• Accumulates all pertinent facts, identifies relevant issues, researches applicable legal principles & applies them to the facts.
• Provides legal opinions/comments on legislation.
• Drafts contracts.
• Provides company secretarial, corporate governance & administrative services to OMN Group. Ensures that Corporate Governance guidelines & Companies Act requirements are adhered to.
• Reports to the Group CEO, Old Mutual West Africa

Key Result Areas
Company Secretarial Services:

• Provides company secretarial, corporate governance & administrative services to the Old Mutual Group in Nigeria through other managers and their teams.

Reporting:

• Promotes development of reporting structures for risk aggregation & concentration of risk exposure.
• Ensures risk aggregation reports and management risk self-assessment results are produced and provided.

Risk Management:

• Develops, communicates & assists in implementation of Enterprise Risk management policy, supporting guidance & procedures.
• Provides oversight for risk management activities, ensuring Group Risk Policy statements are met through other managers and their teams.
• Provides challenges to risk management information received from reporting entities through other managers and their teams.
• Drives operational excellence throughout the area of supervision.
• Defines and implements risk best operating practice.
• Defines performance parameters (incl. balanced scorecard) and measurements for area under supervision.

Compliance:

• Establishes & embeds compliance across the business unit by analyzing the impact of applicable legislation and regulation and applying this to business processes and procedures.
• Ensures that Corporate Governance guidelines & Companies Act requirements are adhered to.
• Ensures compliance by the business unit with applicable legislation by means of the implementation of compliance risk management & monitoring plans.
• Reports compliance breaches to business unit management.
• Facilitates, & in appropriate circumstances partakes in, remedial actions developed by the business unit to help eliminate non compliance with legislation & regulation.

Legal Advice:

• Represents company on litigation matters.
• Accumulates all pertinent facts, identifies relevant issues, researches applicable legal principles & applies them to the facts.
• Provides legal opinions/comments on legislation.
• Drafts contracts.

Team Effectiveness:

• Contributes to the talent management process, developmental interventions and on-the job-coaching.
• Individually accountable for staff time, tasks and output quality, over periods of 3 months to a year.
• Balances own priorities with directing and motivating others.
• Plans & assigns work over periods of 3 months to a year.
• Guides and directs staff to achieve operational excellence standards.
• Creates a climate for optimal performance.
• Manages performance.
• Selects potential staff to sustain customer/client service delivery.

Requirements, Qualifications and Experience

• Bachelor's degree in Law
• Master's degree an advantage
• Very Good knowledge of the Companies Act, NAICOM (Local regulators’) policies, Corporate Governance policies and Compliance Laws.
• Working knowledge of tax laws
• A minimum of 12 years’ work experience
• Experience in management of team.