• Job in a Top-Notch Insurance Firm via Fosad Consulting Limited

  • Posted on: 4 August, 2015 Deadline: Not Specified
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  • Fosad Consulting Ltd is a business support services firm with offerings in Human Resource Management, Immigrations and Real Estate Consulting. We leverage our expertise and strategic alliances to support businesses. Our proposition is based on a deep understanding of the drivers of high performing businesses and the required business solutions that supports it. We work with clients to support their non-core business tasks to strategically position them for business success.

    Legal and Compliance Officer

     

    Company Description

    Our Client, a top notch player in the insurance Industry is seeking to hire apt and dynamic candidates who will function as the Legal and Compliance Officer who will amongst other things be responsible for the reviewing of all relevant statutory laws and regulations applicable to the Company and ensure compliance with these.

    Job Description

    The Legal and Compliance Officer will report to the Head, Legal Unit

    Responsibilities

    Compliance

     Review of all relevant statutory laws and regulations applicable to the Company and ensure compliance with these
     Ensure that business activities are conducted in conformity with all applicable laws, regulations, internal policies and procedures.
     Ensure that all regulatory permissions remain current and appropriate for business needs.
     Continual compliance risk assessment of company practices together with the development of internal policies and procedures, compliance training and protocols.
     Serve as liaison for all regulatory bodies as well as maintaining relationships with relevant legal bodies and trade associations.
     Keep abreast of regulatory developments and industry initiatives and advise management accordingly.
     Liaise with third parties, together with the company’s management, that wish to understand the company’s control environment, compliance policies and procedures. 
     Provide reporting with respect to regulatory requirements and developments
     Develop compliance checklists and prepare compliance reports, as and when due
     Inform the Internal Audit unit of any findings as regards non-compliance that may require investigation
     Ensuring compliance with best practices
     Participate in Business Process Re-engineering exercises to ensure controls therein
     Carry out review of SLA Manuals to ensure applicable regulatory laws are incorporated
     Any other duties as required by the Unit head

    Legal 

     Liaise with auditors, external lawyers, tax advisers, bankers and shareholders.
     Preparation of compliance documentation with relevant constitutive documents for statutory, legal, regulatory purposes.
     Liaison with all the subsidiaries within the Company’s Group, service providers, external legal advisers, and government agencies.
     Maintenance and review of Legal Agreements
     Developing and overseeing that the company meets its compliance obligations under relevant laws and the requirements of regulatory authorities 
     Negotiation, drafting and implementation of the terms of agreements in all business contracts and agreements. 
     Responsible for providing legal support in controlling customer complaints to mitigate the risk of litigation
     Review all documentation that has legal implications for the company prior to signing and implementing.

    Education

    • Bachelor’s Degree in Law.
    • LLM (an advantage)
    • A minimum of 3 years compliance experience preferably within the Financial Services environment

    Person Specification

    • A minimum of 7 years working experience with 3 years compliance experience preferably within the financial services environment Insurance Industry experience preferable.
    • I.T knowledge (particularly in Excel and Word)
    • High level of determination and tenacity
    • Good understanding of Compliance activities in Financial Services.
    • Experience of developing and managing compliance monitoring programmes.
    • Articulate, effective communication skills with the ability to communicate internally and externally (lawyers, regulators, auditors) at all levels
    • Fully conversant with NAICOM, SEC, NSE, CAC, NFIU, IFRS, and other regulatory Directives and Guidelines.

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