Risk and Compliance Officer Job Vacancy at Britam Insurance

Risk and Compliance Officer Job Vacancy at Britam Insurance

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