Home JOBS IN KENYA Compliance Officer Job at Jubilee Insurance

Compliance Officer Job at Jubilee Insurance

Compliance Officer Job at Jubilee Insurance… See details on how to apply for the opportunities available at Jubilee Insurance.

Descriptions;

Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa, 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general, and Medical insurance.

RESPONSIBILITIES:

  • Ensure that applicable regulation is adhered to by the business and support functions through day-to-day monitoring and regular review to ensure compliance to existing legislation, regulations and internal policies, procedures, and controls.
  • Ensures that compliance risks are identified, assessed, controls put in place and enforced, and effectiveness monitored.
  • Suspicious transactions are identified and reported immediately to the Money Laundering Reporting Officer/Compliance Manager without tipping off.
  • Review company processes/operational manuals and systems to ensure that they are regularly updated to meet the current regulations, policies, and all other requirements such as mandates, escalations, controls, etc.
  • Identifying areas of compliance weakness and recommending remedial measures in consultation with the CEO, Heads of Departments, Head of Compliance, and IT Risk & Compliance Manager.
  • Work with Internal Audit on their recommendation on compliance-related issues for implementation.
  • Preparing departmental compliance training material on relevant legislation and policies, and train staff and third parties within the business. Verify understanding through testing and work with the Compliance team on projects to increase compliance awareness.
  • Preparing and presenting compliance reports to the various stakeholders on a daily, weekly, monthly, quarterly, and annual basis.
  • Coordinating the Anti–Money Laundering, Data Protection, and other regulatory activities to ensure full compliance.
  • Conducting continuous audits, reviews, and enhancements of processes/systems/documents and manuals with reference to laid down policies, regulations, laws, and best practices within the company

Key Competencies;

  • Strong Analytical skills
  • High level of Integrity and Professionalism
  • Team player with excellent Interpersonal and Communication skills
  • Regulatory/Market Awareness
  • Compliance Focus
  • Continuous Innovation
  • Ownership commitment

Requirements:

Qualifications;

  • Bachelor of Commerce in Finance, Business Administration, law, or any other related field.
  • ACAMS or ICA compliance qualification
  • CPA-K Qualification
  • Computer Software Packages

Relevant Experience;

  • Minimum of 3 years of working experience in a compliance/audit environment within the financial services industry, preferably in the insurance or banking industry.
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