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Risk and Compliance Officer at Britam April, 2024

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Job Purpose

To execute the compliance program and facilitate the risk management and compliance activities of the firm

Key Responsibilities

  • Responsible for the timely identification, assessment, mitigation and reporting, and escalation of all identified operational and compliance risk exposures.
  • Conduct workshops with the business for risk and control assessments as per the Business Unit annual RCA plan.
  • Keep up to date with, and understand, relevant laws and regulations governing the business entity
  • Monitor compliance with laws, regulations and internal policies and procedures
  • Advise management and the board on the company’s compliance with laws and regulations and other compliance risks through detailed reports
  • Participate in the development and review of organizational policies and procedures
  • Collaborate with other departments to create a culture of compliance
  • Ensure AML and KYC policies are in place are adhered to
  • Ensure timely, efficient reporting of suspicious transactions
  • Monitor and provide advice to management to minimize risk resulting from poor internal controls
  • Secretary to the Management Risk Committee Meetings and ensure papers and minutes are circulated in a timely manner
  • In conjunction with the International Business Risk and Compliance Manager, perform annual BCP/DR risk analysis, planning, testing or live execution for your specific line of business
  • Monitor BU compliance with specific obligations, including risk and control assessment and support incident management related to compliance failures. incident perform root cause analysis
  • Conducting staff training programs that build risk awareness within the business entity;
  • Perform any other duties as may be assigned from time to time as described in your Personal Score Card
  • Bachelor’s degree in actuarial science, finance, business administration or related field
  • Accreditation in risk management is an added advantage.
  • 2 – 4 years’ experience in compliance and / risk management
  • Compliance risk management experience in insurance or banking sector is an added advantage.
  • Experience in law will be an added advantage

Primary Location

Tanzania, United Republic of-Dar es Salaam-Dar es Salaam

Organization

Britam Insurance Tanzania Limited

Job Type

Permanent

Shift

Day Job

Contract Type

Full-time

Job Posting

23-04-2024

Unposting Date

02-05-2024

Number of Openings

1

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