Kenya
Orient Insurance Limited
Job
Title: Assistant
Manager, Risk & Compliance
Division
/ Department: Audit,
Risk and Compliance
Immediate
Supervisor: Head
of Audit, Risk & Compliance
Overall
Responsibility: The
position is responsible to establish an unmistakable linkage between
strategies, operations and the underlying risks inherent in achieving
them.
Key
Tasks, Duties and Responsibilities
Risk
Management
- Develop
and maintain a comprehensive process for identifying, assessing, reducing,
monitoring, controlling and reporting key business risks that might impair
the achievement of the company’s goals and objectives.
- Plan,
design and implement an overall risk management process for the
organization by developing operating models such as COSO framework &
stress tests on key risks and KRIs.
- Develop
corporate risk register and review departmental risk registers annually.
- Conduct
annual reviews of the company policies.
- Conduct
follow ups on actionable areas on a quarterly basis.
- Conduct
risk rating for the entire company per function.
- Develop
an annual risk plan.
- Assist
in identifying and evaluating emerging risks in the departments &
business as well as proving trends and support in mitigating the
identified risks.
- Assist
management with integrating risk management policy within the strategic
development process.
- Work
with all departments to establish, maintain and continuously improve risk
management capabilities.
- Monitor
normal business activities and major decisions to ensure there are no
hidden risks from the decisions made.
- Create
and continuously update the Risk policy manual that defines the company’s
risk appetite reinforcing it to all staff.
Compliance
Role
- Be
responsible for efforts throughout the Company to ensure compliance with
internal policies and procedures and with external requirements imposed by
law, regulations, and contracts.
- Review
compliance to regulatory and statutory standards.
- Keep
abreast with Legal changes and update and communicate changes to the Legal
Requirements.
- Design
& implement a monitoring mechanism on risk management and compliance
programs.
- Identify
compliance issues that require follow-up or investigation.
- Facilitate
training on the compliance and risk management.
- Keep
informed regarding pending industry changes, trends, and best practices
and assess the potential impact of these changes on organizational
processes.
- Assist
in preparation of the annual compliance plan.
- Any
other duties as may be assigned from time to time.
Reporting
- Prepare
report regularly to senior management of the company regarding the analysis
of the company’s risks.
- Prepare
comprehensive monthly, quarterly and annual risk reports to be used for
internal analysis by the various departments, the Board of Directors and
also for evaluation of the Company’s financial status by external and
internal stakeholders.
- File
reports necessary to comply with law and the insurance regulatory
authorities.
- Prepare
monthly reports to the management on the departments’ performance or on
any other issue affecting the risk & compliance department.
- Report
violations of compliance or regulatory standards to duly authorized
enforcement agencies as appropriate or required.
Requirements
- Bachelor
of Commerce Degree (Accounting Option) or any other relevant Degree. (A
degree in Risk Management will be an added advantage)
- CPA
(K), ACCA, ACA or any other recognized professional accounting
qualification
- MBA
will be an added advantage
- Minimum
7 years’ Relevant working experience 3 of which should be in risk
management in a financial institution
- Knowledgeable
about processes, risks and control/ controls design
- Excellent
Interpersonal & Communication Skills.
How to
Apply:
If you
are interested in the position and have the required qualifications, skills and
experience, kindly visithttp://www.korient.co.ke/careers.html and submit your application on or
before Friday, September 16th 2016.
Only shortlisted candidates will be contacted.
“We are an equal opportunity employer”
“We are an equal opportunity employer”