Risk and Compliance Leadership Expert
7 days ago
The Chief Risk and Compliance Executive will spearhead the organization's risk management and compliance functions, ensuring seamless operation within Kenya's insurance sector regulatory frameworks.
Key Responsibilities- Develop and implement comprehensive risk management strategies tailored to the insurance industry.
- IDentify, assess, and monitor risks across the organization, including financial, operational, regulatory, and reputational risks.
- Ensure continuous monitoring and analysis of risk trends, developing action plans to address identified risks.
- Oversee the creation and maintenance of a risk register, documenting, assessing, and prioritizing risks.
- Ensure compliance with local and international regulations, including insurance-specific laws, data protection laws, and anti-money laundering regulations.
- Develop, implement, and monitor compliance policies and procedures, ensuring alignment with regulatory requirements.
- Conduct regular compliance audits and reviews to identify potential areas of vulnerability, implementing corrective actions.
- Liaise with regulatory bodies, ensuring all necessary filings and reports are completed accurately and on time.
- Provide leadership and direction to the risk and compliance teams, ensuring alignment with the company's 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, providing training and support to staff.
- Lead the response to any regulatory or compliance investigations, protecting the organization's interests.
- Develop and maintain the company's risk and compliance policies, ensuring they are up-to-date with current regulations and industry best practices.
- Ensure risk management and compliance policies are communicated effectively across the organization, understood by all staff.
- Develop and lead the implementation of crisis management plans, ensuring the organization can respond effectively to incidents impacting operations or reputation.
- Coordinate the response to significant risk events, ensuring timely and effective communication with stakeholders.
- Bachelor's degree in Law, Business Administration, or a related field.
- A Master's degree is preferred.
- Professional certifications in risk management or compliance (e.g., Certified Risk Manager (CRM), Certified Compliance & Ethics Professional (CCEP)).
- 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.
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