Compliance & Legal Officer 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: Compliance & Legal Officer

Job Requisition ID: JR-31902
Location: Lagos
Job Type: Full-time

Job Description

• Individually accountable for establishing and embedding compliance through own efforts, over periods of 1 day to 3 months.
• Initiates and facilitates corrective action where required.
• Assists management to develop risk management and compliance strategy & policy through own efforts.
• Establishes and embeds compliance in the holding company (Old Mutual West Africa Company and its subsidiaries, namely Old Mutual Nigeria Life Assurance Company and Old Mutual Nigeria General Insurance Company).
• Ensures compliance within area by implementation of compliance risk management and compliance monitoring plans per each operating entity.
• Ensure compliance with internal Old Mutual governance policies, procedure and requirements. Shall be primarily responsible for updating policy manuals, AML/CFT manuals, Compliance Plans etc and changes as required by the business.
• Implements the compliance monitoring plan.
• Reports on compliance breaches to line managementand the Governance Executive.
• Prepares detailed up to date compliance reports as required by the line manager to various governance channels and management committees.
• Ensures all regulatory returns are filed as required.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risks.
• Reports to the Governance Executive.
• Influence is limited to specific assigned functional area.
• Focuses on legislation and impact of legislation on the BU/functional area.
• Flexible and dynamic approach to work demands, expected to provide support to the Governance team on team related tasks as required by line manager.
• Ensures internal Group compliance requirements are adhered to and responsible for ensuring all compliance attestations are concluded within deadlines.
• Ensures regular stakeholder engagements (including regulatory engagements), coordinates all regulatory engagements under the supervision of the Governance Executive.
• Develops and embeds the regulatory strategy and regulatory engagement framework.

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 Governance Executive.
• Facilitates resolution of compliance breaches.
• Assists in mitigation of compliance risk.
• Focuses on legislation and impact of legislation on the BU/functional area.
• Assists the Governance Executive with the effective co-ordination and execution of the quarterly audit, risk and compliance meetings for Old Mutual Nigeria and all the subsidiary companies.
• 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.

Qualifications and Experience

• A First Degree or its equivalent in relevant field (Master's Degree is an advantage), ACAMS or similar certificate in Compliance.
• Bachelor of Laws (LLB): Law
• At least 6 years work experience (three of which must be at middle management level)
• Relevant industry experience is required.
• Excellent communication skills (verbal and written).
• Strong analytical skills.
• Good Excel and PowerPoint skills.

Application Closing Date
7th July, 2023.