Job Ref. No: JHIL126
Role Purpose
The main purpose is to ensure that the organization
operates in adherence to legal and regulatory requirements, industry standards,
and internal policies. You will be responsible for establishing and maintaining
a robust compliance program, conducting compliance reviews, and providing
guidance to ensure the company’s compliance with applicable laws and
regulations.
Key Responsibilities
Operational
- Develop and implement a comprehensive compliance program to
ensure adherence to applicable laws, regulations, and industry standards.
- Monitor regulatory changes and industry developments to assess
their impact on the organization and implement necessary updates to
policies and procedures.
- Conduct regular compliance reviews and assessments to identify
gaps, risks, and areas for improvement.
- Develop and deliver compliance training programs to enhance
awareness and understanding of compliance requirements across the
organization including Anti–Money Laundering, Data Protection, and other
recommended by the regulator.
- Collaborate with internal stakeholders, such as senior
management, head of compliance, legal counsel, risk management, and audit
teams, to address compliance issues and develop appropriate solutions.
- Establish and maintain effective compliance reporting
mechanisms, including whistleblower channels, to encourage reporting of
potential compliance violations.
- Ensure that suspicious transactions are identified and
reported immediately to the Money Laundering Reporting Officer without
tipping off.
- Investigate and respond to compliance incidents, violations,
or breaches, ensuring appropriate actions are taken and corrective
measures are implemented.
- Conduct compliance audits, reviews and monitor the
effectiveness of internal controls to mitigate compliance risks in line
with laid down policies, regulations, laws, and best practices within the
company.
- Prepare and submit regulatory reports and filings in a timely
and accurate manner.
- Stay updated on emerging regulatory trends, changes in laws,
and industry best practices to ensure ongoing compliance and recommend
necessary actions to senior management.
- Address employee concerns or questions on legal compliance.
Corporate Governance
- Stay updated on emerging trends, best practices, and industry
benchmarks related to compliance.
- Adherence to the laws and regulations of Kenya, the policies
and regulations within the insurance industry and all internal company
policies and procedures.
- Ensuring compliance with applicable statutory and regulatory
requirements and establishing mitigation measures against emerging
business risks.
Culture
- Demonstrate continued personal development within the
compliance space.
- Fostering a corporate culture that promotes ethical practices
and good corporate citizenship while maintaining a conducive work
environment.
- Collaborate with cross-functional teams to develop initiatives
that promote a positive and inclusive company culture.
- Individualized Development Planning: Create personalized
development plans that align with your career aspirations and the
organization’s objectives.
- Laws, Regulations, Company Policies & Regulatory
Guidelines: Stay informed about applicable laws and regulations, including
Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws,
Data Protection laws, as well as the Insurance law; Ensure that your
actions and activities align with these legal requirements;
- Understand and adhere to internal company policies, processes,
and procedures; Promptly report any instances of non-compliance to
management and the designated compliance officer; Take proactive measures
to mitigate compliance risks within your role and department; Participate
in training programs and awareness sessions organized by the company to
enhance your understanding of compliance requirements.
Key Skills and Competencies
- Regulatory Knowledge: In-depth understanding of insurance
laws, regulations, and industry compliance requirements.
- Analytical Thinking: Strong analytical skills to assess
compliance risks, conduct reviews, and develop effective solutions.
- Attention to Detail: Thoroughness and accuracy in reviewing
policies, procedures, and regulatory requirements.
- Problem-Solving: Ability to identify and address compliance
issues, violations, and breaches in a timely and effective manner.
- Communication Skills: Excellent verbal and written
communication skills to provide guidance and training on compliance
matters and interact with stakeholders at all levels.
- Collaboration: Ability to collaborate with cross-functional
teams and build effective working relationships to address compliance
challenges.
- Ethical Conduct: Commitment to ethical conduct and high
standards of integrity in all compliance-related activities.
- Continuous Learning: Proactive attitude towards staying
updated on regulatory changes and industry best practices.
Qualifications
- Bachelor’s degree in business administration, Finance, or Law.
- Professional qualification from International Compliance
Association or Association of Certified Anti Money Laundering
Relevant Experience
- Minimum of 5 years working experience in a compliance/audit
environment within the financial services industry, preferably in the
insurance or banking industry.
How To Apply
If you are qualified and seeking an exciting new
challenge, please apply via Recruitment@jubileekenya.com
quoting the Job Reference Number and Position by 24th July 2024
Only shortlisted candidates will be contacted
