Head of Compliance at Old Mutual Nigeria

Old Mutual Nigeria provides financial solutions that are designed to help our customers achieve their long term goals and create a positive future for them, their families and their businesses. Old Mutual Nigeria is made up of Old Mutual Nigeria Life Assurance Company Limited and Old Mutual General Insurance Company Nigeria Limited.

We are recruiting to fill the position below:

Job Title: Head of Compliance

Job Requisition ID: JR-36758
Location: Lagos, Nigeria
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
23rd October, 2023.