JOB DESCRIPTION
This role is tasked with
the implementation of compliance frameworks, and ensuring compliance of the
various entities to applicable laws, regulations and operational controls. The
Officer is responsible for supporting a strong Group-wide Compliance culture
through the day-to-day management of operational and regulatory compliance
framework. The officer will also perform independent reviews on compliance with
the group’s policies and procedures, assess adequacy of risk management
controls, observance of regulatory requirements and highlight exceptions or
violations.
COMPLIANCE OFFICER
- Company:APA Insurance
- Location: HEAD OFFICE
- Employment
Type:Permanent
- Job
Id:KiIsimYb5y
- Date
added:09-Mar-2023
- Deadline:17-Mar-2023
Key Responsibilities
- Develop
and implement an effective legal compliance program for the whole group
- Set
plans to manage a crisis or compliance violation
- Educate
and train employees on regulations and industry practices
- Address
employee concerns or questions on legal compliance
- Keep
abreast of internal standards and business goals
- Sign
off on any marketing and advertising collateral to ensure it is compliant
to applicable laws and regulations
- Coordinating
the Risk & Control Self-Assessment (RCSA) framework across the various
businesses and support units
- Tracking
and analysing incidences of frauds (successful and attempted), identify
causes and working with respective units on their implemention of
comprehensive measures to close loopholes.
- Ensure
that all applicable legislation are complied with by each company within
the group through day to day monitoring and regular review of compliance
to legislation, regulations and internal policies and controls.
- Identify
areas of compliance weakness and recommend remedial measures in consultation
with the Group Head of Risk & Compliance and other senior business
leaders as appropriate.
- Perform
the role of AML/CTF Compliance Officer, including training and awareness,
oversight of customer due diligence and suspicious transaction monitoring
and reporting
- Coordinating
with key internal stakeholders and external authorities to resolve
compliance-related issues and client complaints
- Any
other duty as assigned from time to time
Qualifications
- Bachelor’s
degree in law, accounting, business, public administration, or a related
field
- Knowledge
of insurance operations.
- Good
understanding of regulatory requirements, legal and prudential guidelines.
- Good
communication skills.
- Analytical
skills.
- IT
proficiency.
- Adaptable
to changing environments .
- Possession
of a professional designation such as Certified Compliance Officer,
Certified Internal Auditor, Certified Public Accountant, Certified Public
Secretary, Certified Information Systems Auditor, AML or Certified Fraud
Examiner
- Chartered
Institute for Securities Investment (CISI) certification an added advantage
- At
least two years in a compliance, risk management or legal practice within
a large organization preferably in a financial services industry or a
consulting firm
- Well-grounded
in CMA, IRA and RBA compliance issues.
How to Apply
Strong preference will be
given to candidates with the above qualifications, skills, and experience. If
your career aspirations match this exciting opportunity, please submit your application
to recruitment@apollo.co.ke with
Compliance Officer as the subject of the email on or before 17th March2023.
Only shortlisted candidates will be contacted.
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