Chief Risk and Compliance Executive

1 month ago


Roodepoort, South Africa Network International Full time
Role's Purpose:
This role involves developing, implementing, and overseeing policies and procedures that mitigate risks and ensure compliance with all relevant laws, regulations, and industry standards.

Key Responsibilities:

- Risk Management:

  • Develop and implement comprehensive risk management frameworks and strategies tailored to the insurance industry.
  • Identify, assess, and monitor risks across the organization, including financial, operational, regulatory, and reputational risks.
  • Ensure the continuous monitoring and analysis of risk trends and the development of action plans to address identified risks.
  • Oversee the creation and maintenance of a risk register, ensuring that risks are documented, assessed, and prioritized.
- Compliance Oversight:
  • Ensure compliance with all local and international regulations, including insurance-specific laws, data protection laws, and anti-money laundering regulations.
  • Develop, implement, and monitor compliance policies and procedures to ensure they align with regulatory requirements.
  • Conduct regular compliance audits and reviews to identify potential areas of vulnerability and implement corrective actions.
  • Liaise with regulatory bodies and ensure that all necessary filings and reports are completed accurately and on time.
- Leadership and Strategy:
  • Provide leadership and direction to the risk and compliance teams, ensuring alignment with the companys strategic objectives.
  • Advise senior management and the board on risk and compliance issues, including the potential impact of regulatory changes.
  • Foster a culture of risk awareness and compliance throughout the organization, including providing training and support to staff.
  • Lead the response to any regulatory or compliance investigations, ensuring that the organizations interests are protected.
- Policy Development:
  • Develop and maintain the companys risk and compliance policies, ensuring they are up-to-date with current regulations and industry best practices.
  • Ensure that risk management and compliance policies are communicated effectively across the organization and understood by all staff.
- Reporting and Documentation:
  • Prepare and present regular reports to the board and senior management on the status of risk management and compliance activities.
  • Ensure that all risk and compliance documentation is accurate, up-to-date, and accessible.
- Crisis Management:
  • Develop and lead the implementation of crisis management plans, ensuring that the organization can respond effectively to incidents that could impact operations or reputation.
  • Coordinate the response to significant risk events, ensuring timely and effective communication with stakeholders.
Required Qualifications:
  • Bachelors degree in Law, Finance, Business Administration, or a related field. A Masters degree is preferred.
  • Professional certifications in risk management or compliance (e.g., Certified Risk Manager (CRM), Certified Compliance & Ethics Professional (CCEP)).
Experience:
  • At least 10 years of experience in risk management, compliance, or a related field within the insurance industry, with at least 5 years in a senior leadership role.
  • In-depth knowledge of Kenya's regulatory environment, particularly in relation to insurance.
  • Strong analytical, leadership, and communication skills.
  • Proven ability to develop and implement risk management and compliance strategies.
  • Experience in leading and managing teams.
Skills:
  • Strategic thinking and decision-making
  • Strong ethical standards and integrity
  • Excellent problem-solving skills
  • Ability to work under pressure and manage complex issues
  • Strong interpersonal and communication skills
  • Proficiency in risk management and compliance tools and software
Working Conditions:
Full-time position based in Kenya.

How to Apply:
If you meet the above requirements, please send your resume DIRECTLY to:

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