Head of Compliance at Old Mutual Nigeria

Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.

We are recruiting to fill the position below:

Job Title: Head of Compliance

Ref No: JR-36758
Location: Lagos
Job Type: Full time

Job Description

• Individually accountable for establishing a compliance framework; including Risk Management and Monitoring plan.
• Embeds compliance, directly and/or through staff supervised over periods of 3 months to a year. Initiates and facilitates corrective action where required

Descriptor:

• Establishes and embeds compliance in area of responsibility.
• Ensures compliance within area by implementation of compliance risk management and monitoring plan.
• Reports on compliance breaches to line management and Senior Compliance Officer/Compliance Executive.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Reports to the Senior CO (in functional area), or, if responsible for compliance in a less complex business unit, reports to business head with strategic direction from Compliance Executive.
• Influence is limited to specific assigned functional area or less complex BU.
• Utilises limited legislation, and impact of legislation on the BU/functional area is limited.

Key Result Areas
Compliance:

• Ensures compliance within area by implementation of compliance risk management and monitoring plan, as well as through staff supervised, over periods of up to 3 months.
• Reports on compliance breaches to line management and Senior Compliance Officer/Compliance Executive.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Assists in mitigation of compliance risk.
• Utilises limited legislation and in all probability, the impact of the legislation on the business unit/functional area is limited.
• Assists the GM Finance / Risk Executive with the effective co-ordination and execution of the quarterly audit, risk and compliance for the segment.
• Challenges and escalates (within the defined escalation framework) where deemed appropriate.

Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality for periods of up to 3 months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.

Application Closing Date
17th March, 2023.