Chief Compliance Officer at a Reputable Publicly Quoted Insurance Company

A reputable publicly quoted insurance company with its head office in Lagos, is recruiting successful, versatile, and highly experienced persons for the position below:

Job Title: Chief Compliance Officer

Location: Nigeria

Key Competencies and Responsibilities

• Proven experience in managing compliance risk functions within the Insurance Industry.
• Plan and design risk management processes and recommend controls in respect of identified compliance vulnerability and risks.
• Design and continuous update of the Regulatory Universe, Compliance Risk Monitoring Program, and conduct Post Risk Acceptance documentation for risk mitigation
• Draft and monitor reviews of the risk management and compliance policy. Review and assess the Company's control processes and policies to ensure compliance across all the departments of the Company.
• Ensure compliance with legal and regulatory authorities (NAICOM, NFIU/EFCC CAC, SEC, NSE) and oversee the remittance/filling of regulatory returns.
• Analyse statistical data and reports the identified compliance gaps and compliance issues.
• Performing operational, financial and compliance audits through examination of financial and controls.
• Ensuring that the company's business operations conform with both external and Internal laws and regulations and is not exposed to risks associated with non-compliance.
• Enforcing compliance with global Know your Customer (KYC)/Customer Due Diligence (CDD) requirements and procedures across all operational locations.
• Developing an extensive and efficient Anti-Money Laundering & Combating the Financing of Terrorism framework and policy and driving its adoption company-wide as well as reviews.
• Develop and embed processes to ensure that all businesses are screened against the Sanctions list, document and maintain Sanctions Screening data.
• Support in the implementation of compliance risk management and monitoring plan via quarterly Compliance Monitoring within the business.
• Monitor changes within the business regulatory environment and advise the Management accordingly.
• Creating AML/CFT compliance awareness and visit Branches to inspect level of compliance to regulatory demands. Acts as a designated Money Laundering Compliance/Reporting Officer (MLRO).
• Design and deliver regulatory compliance program and trainings to support organizational risk management culture and Anti-Money Laundering/Countering of Financing Terrorism to the employees.
• Develop regulatory compliance program, trainings (AML/CFT) and ensure that all employees and management are knowledgeable of and comply with NAICOM standard.
• Provide quarterly reports to the Board/Audit, Risk and Compliance Committee as well as the management as it relates to compliance issues.

Qualifications

• First Degree in Law from a reputable institution (2:1) LLM/MBA is an added advantage Relevant professional qualifications (e.g. ACIIN) Minimum of 10 years' experience in a Compliance Risk Management role within the Insurance Industry.
• Possession of advanced skills in Microsoft Suites.

Candidate's Profile:

• The ideal candidates must possess a minimum of 10 years cognate experience in the Insurance industry and not more than 40 years in age.

Application Closing Date
17th January, 2023.

Method of Application
Interested and qualified candidates should forward a copy of their Applications with detailed CV to: [email protected] using the Job Title as the subject of the email.

Note

• Only shortlisted candidates shall be invited for interview
• Successful candidates will be expected to resume duty immediately.