Team Lead, Compliance & Internal Control at Guinea Insurance Plc

Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.

We are recruiting to fill the position below:

Job Title: Team Lead, Compliance & Internal Control

Location: Yaba, Lagos
Employment Type: Full-time

Job Overview

• To Implement measure that would ensure the adherence to appropriate compliance and internal control framework and  procedures so as to minimize loss  from non-compliance with the regulatory requirement and company’s policies & procedures.

Job Responsibilities

• Implement methodologies for identifying, assessing, monitoring, controlling and reporting compliance risks. 
• Agree on the type and frequency of monitoring in relation to the company’s scale of the activity.
• Ensures company-wide compliance with established policies and controls and ensures that violations are thoroughly investigated.
• Ensure prompt response NFIU/EFCC/NAICOM enquiries.
• Regulatory reporting to NFIU
• Ensure Compliance with NAICOM’s code of Corporate Governance from Legal and other regulatory requirements
• Monitoring of compliance with AML/CFT guidelines for all the policies booked by the company
• Creation of awareness/training on KYC/AML/CFT/PEP
• Branch visitation to ascertain adherence to KYC
• Monitoring of regulatory renditions to ensure compliance with deadlines for submission
• Review of transactions & identify regulatory and control exceptions
• Preparing KYC and AML Risk matrix for the company along product, customer, business and location lines and assigning these to Team Leads for monitoring
• Prepare AML/CFT training plan for the company and ensure adherence to the plan
• Ensure prompt response to auditors’ requests
• Continuous update of company’s bank authorized signatory list.
• Ensure Daily call-over of Transaction Checks/Reviews- Underwriting (Both Life and general)
• Ensure transactions processed by CPU, Claims, Underwriting and Re-Insurance are reviewed daily to identify any area of non-compliance with the company policies 
• Ensure prompt closure of control and audit exceptions
• Device Measure that will mitigate against reoccurrence of exceptions
• Ensure reports are rendered periodically based on unit reviews carried out.
• Prepare quarterly Spot-Check plan and ensure that Spot-Checks reviews of non-processing are carried out in line with the plan
• Ensure Security sweep on the Head Office and branches and collate reports
• Ensure only authorized users are given access to the system

Requirements

• A good first degree in any discipline.  Masters’ degree will be an advantage
• Minimum of 5 years post qualification experience in Compliance & Internal Control within the financial services industry, of which at least 3 years must have been in the Insurance sector.
• Professional certifications such as CFA, CIS, ACCA, ACA, CFP,CFE,ACAMS, IT Certifications, etc

Required Knowledge, Skills & Abilities:

• Insurance Operations
• Accounting
• Credit Analysis / Appraisal
• Environmental / Industry Analysis
• Risk Management
• Operational risk
• Investment / Portfolio Management
• Assets & Liabilities Management
• Financial analysis / interpretation
• TQM
• Documentation
• Generic Skills
• Strategic Focus/ Orientation
• Integrity and Discretion
• Initiative/ Proactive
• Entrepreneurship
• Analytical skills / Problem solving
• Resilience, Tenacity and Integrity
• Interpersonal skills
• Communication (oral & written)
• Supervisory Skills
• Leadership
• Coaching /Leadership / Influencing
• Initiative/Entrepreneurship/ taking ownership
• Team building / conflict management
• Organization & coordination
• General managerial /administration.

Application Closing Date
14th July, 2024.