Chief Compliance Officer at Allianz Nigeria Insurance Limited

Allianz Nigeria Insurance Limited is a composite Insurance company licensed to transact Life and Non-Life Insurance business in Nigeria, delivering a range of retail products such as Motor, Life, Home Insurance an corporate products to more than 30,000 customers.

Incorporated in 1993 as Union Assurance Company plc, the company was relaunched as Ensure Insurance plc in 2016. It was acquired in 2018 by Allianz and rebranded as Allianz Nigeria Insurance Limited In 2017, the company generated gross written premiums of N7.67billion representing an 86% growth over 2016 (N4.19billion). In May 2018, Allianz Nigeria Insurance Ltd officially became a company of The Allianz Group.

We are recruiting to fill the position below:

Job Title: Chief Compliance Officer

Location: Lagos
Job Type: Full time

Job Description

• Review and evaluates compliance issues / concerns within the organization and ensures compliance with all statutory regulations/internal policies. 
• Collaborates with other units (e.g. Legal) to direct compliance issues to appropriate existing channels for investigation and resolution. 
• Consults with the Legal Officer as needed to resolve difficult legal compliance issues.
• Develops, initiates, maintains, and revises policies and procedures for the 
• general operation of the compliance program and its related activities to prevent illegal, unethical, or improper conduct. 
• Responds to alleged violations of rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures. 
• Acts as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated,  investigated and resolved.
• Monitors, and coordinates compliance activities of other departments/units to remain abreast of the status of all compliance activities and to identify trends.
• Provides reports on a regular basis, and as directed or requested, to keep the 
• Board and Management informed of the operation and progress of compliance efforts.
• Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
• Ensure preparation of weekly NFIU returns
• Responsible for monthly, quarterly, half-yearly and yearly returns to NAICOM and NFIU
• Review of underwriting files and ensuring that “know your customer (KYC) forms are maintained in underwriting files.

Job Requirements

• Candidate must possess a Bachelor's Degree in Accounting or any other related discipline
• Minimum of 12 years post NYSC work experience in Compliance, preferably in the financial industry with at least 6 years in a managerial position
• Membership of one or more relevant professional bodies (i.e. ICAN, ACCA) is required
• Broad experience in creating risk analysis and control, service standards, operational policies and guidelines.
• Excellent knowledge of insurance operations, structure, policies and procedures.

Application Closing Date
18th September, 2023.