GA Insurance Limited · 6 months ago
Enterprise Risk & Compliance Officer
Vinings, GA
Full-time
Onsite
Mid Level
3+ years expGA Insurance Limited is a top-tier insurer in East Africa, offering a broad spectrum of personal, commercial, and medical insurance solutions. They are seeking an experienced Enterprise Risk & Compliance Officer to assist in identifying, assessing, mitigating, reporting, and monitoring enterprise risks while ensuring compliance with regulatory standards and best practices.
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Responsibilities
Co-develop and maintain a risk management strategy for the group
Carry out comprehensive risk assessments across the business & functional areas in line with the risk management framework
Co-develop and implement systems, policies and procedures for the identification, collection and analysis of risk related information
Evaluate the adequacy and effectiveness of controls established by management to ensure that identified risks are appropriately mitigated at both departmental and process levels
Maintain the risk registers and assist management in tracking progress on the implementation of risk mitigation action plans
Continuously liaise with the various departments to identify, quantify, mitigate and monitor operational and financial risk across the region
Co-develop and implement risk response strategies to ensure that risks are addressed accordingly
Monitor risk and communicate information to the relevant stakeholders to ensure the continued effectiveness of the enterprise’s risk management strategy
Review new and on-going products to ensure that they are carried out only after a comprehensive risk assessment is done
Facilitate awareness and training programs on risk management, controls, and compliance activities
Carry out portfolio stress tests
Provide reports on a monthly and quarterly basis, and as directed or requested
Coordinating the Anti–Money Laundering, Data Protection, and other regulatory activities
Implement and maintain effective internal controls to prevent and detect potential compliance violations within insurance operations
Ensures that applicable regulations are complied with by the business units through day-to-day monitoring and regular review of compliance to legislation, regulations and internal policies and controls
Ensures that Compliance risks are identified, assessed, controlled, and enforced through the organization
Identification and reporting of suspicious transactions
Stay updated on industry regulations, compliance requirements, and best practices
Review the business continuity programme within the company and ensure that regular tests are conducted and the policies and frameworks are regularly updated
Identifying areas of weakness with regards to business continuity and recommend remedial measures in consultation with all the relevant stakeholders
Qualification
Required
Bachelor's degree in Business, Finance, Actuarial, IT, Law or any other related course
Risk Certification or Equivalent Professional qualification
3-5 years' experience within risk management or compliance space
In-depth knowledge of the financial services industry
Proven track record of successfully implementing strategic initiatives and driving process improvements
Strong analytical and organizational skills
Personal attributes: integrity, dependable, initiative-taking, results-oriented, creative, and strong interpersonal skills
Ability to operationalize strategy into action for the function
Effective communication skills, both verbal & written
Proactive approach to staying updated on regulatory developments
Knowledge in automation in risk management
Data analytics
Preferred
Member of a relevant professional body will be an added advantage
Company
GA Insurance Limited
GA Insurance Limited is one of the oldest insurance companies operating in Kenya specializing in all classes of general and medical insurance.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase