Job Title: Risk and Compliance Officer
Hiring Organization: APA
Insurance
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Insurance
Job Type: Full
Time
Salary: KES
Competitive
Date Posted: 02/26/2024
Responsibilities
Risk
In
conjunction with management, facilitating the identification and assessment of
risks in line with the Group’s Enterprise Risk Management framework and
updating outcomes in the risk registers.
Monitoring
of risks and preparation of reports to management and other risk committees on
various aspects of risk management
Following-up
proactively on action plans put in place by management to address risk
exposures and report on the same
Conducting
risk analysis and quantification of financial risks through sensitivity
analyses and stress testing for financial and insurance risks as well as major
projects in the company.
Implement
the risk and compliance policies and procedures in place.
Keep
abreast with the applicable laws, regulations, rules and standards in the risk
& compliance fraternity and advice on the emerging developments of the
same.
Scanning
environmental risks and identifying new threats and opportunities that may
impact on the business.
Creating
awareness on risk management to facilitate embedding of a risk-conscious
culture across the Company
Coordinate
BCP in conjunction with the Group Head of Risk and Compliance and ensure the
group’s business continuity risks are adequately mitigated
Compliance
Implement
the annual compliance program incorporating legal, regulatory, and internal
policies & procedures for all the entities in the group
Ensure
that all applicable legislation are complied with by each company within the
group through day to day monitoring and regular review of compliance to
legislation, regulations and internal policies and controls.
Maintain
correspondence with all regulators on all regulatory and supervisory issues.
Implement
an ethics program and report on the status of compliance
Anti-Money
Laundering
Implement
a robust Anti-Money Laundering and Counter Terrorist Financing Programme as
well as on any new laws and regulations affecting the group as they emerge.
Inform
and advise Apollo Group, employees, and third parties of their obligations
under the POCAMLA Act
Monitor
compliance with POCAMLA Act and Apollo Group Compliance and AML policies in
relation to Money Laundering, including raising awareness of these policies
amongst Apollo Group employees, ensuring relevant and continuous staff
training, and auditing and reviewing Apollo Group systems and procedures
Act as
the contact point with regulators and the Board on issues relating to Apollo
Group’s AML/CFT Activities such as reporting suspicious transactions related to
money laundering and the fight against terrorism financing
Provide
advice to Apollo Group, where requested, regarding AML/CFT Compliance Risk
Assessments and to monitor their performance
Other
Responsibilities
Provide
training to Management and Staff at Apollo Group by organizing, designing, and
delivery of Risk and Compliance training programmes.
Academic
Qualifications
Bachelor’s
degree in Finance/Business/IT/Risk Management or an equivalent
Job
Skills And Requirements
Proven
exposure to Risk Management and excellent understanding of the principles of
risk management
An
understanding of the Regulatory environment within a Financial Services and
Insurance company. This includes AML laws and regulations
Proven
exposure to Internal Control Systems
Excellent
report writing, presentation and communication skills
IT
proficiency i.e. experience in analysis using statistical packages, MS Excel,
and other analytical tools
Continuous
Process Improvement understanding
Analytical
thinking and problem-solving skills with attention to detail
Team
Player and People skills
Understanding
of Quality Management Systems will be an added Advantage professional
qualifications
CPA (K),
CISA, CIA or QMS Lead Auditor
Risk
Management qualification
Compliance
qualifications
AML
Certifications will be an added advantage
Experience
At least
1-3 years in a risk management environment within a large organization
preferably in a financial services industry
