Vacancy title:
Risk & Compliance Officer
Jobs at:
GA InsuranceDeadline of this Job:
04 July 2023
Summary
Date Posted: Wednesday, June 28, 2023 , Base Salary: Not Disclosed
JOB DETAILS:
Job Summary:
To initiate, implement and liaison with the respective functional heads, manage the risk and compliance initiatives for GA.
Duties and Responsibilities:
• Develops and monitors risk registers for all departments and performs risk assessments for new products and vendors.
• Prepares risk register reports and analysis for review by the manager.
• Develop Templates for Data Collection and assisting with the mapping.
• Monitor, and as necessary, coordinate risk and compliance activities through respective departments to ensure GA remains abreast of the status of all insurance related risks & compliance activities.
• Follow up of any identified deficiencies and make recommendations for amendment.
• Implement the risks and compliance policies and procedures in place.
• Provide reports on a monthly and quarterly basis, and as directed or requested.
• Provide relevant information required by external bodies and regulators on compliance matters such as reporting suspicious transactions related to money laundering and the fight against terrorism financing.
• Act as the contact point for data subjects and the Office of the Data Commissioner.
• Monitor the performance of the compliance program and related activities on a continuous basis, taking appropriate steps to improve its effectiveness.
• Guiding various departments on the implementation of the Data Privacy requirements and supporting then to ensure compliance with the Data Protection Act.
• Ensuring that IT systems and procedures comply with all relevant data privacy and protection law, regulation, and policy.
• Implementing an effective risk training program as will be developed.
• Keep abreast with the applicable laws, regulations, rules, and standards in the risk & compliance fraternity and advise on the emerging developments of the same.
• Team participation both within the department and other departments.
Job Holder Specifications:
Education/Qualifications:
• Bachelor’s degree in Law, Finance, IT or its equivalent from a recognized institution.
• Risk Certification or Equivalent Professional qualification.
• Member of a professional body e.g., ISACA etc. will be an added advantage.
Working Experience:
• 3 – 5 years’ experience.
• Background in the financial industry will be an added advantage.
Competencies
• Strong analytical and organizational skills.
• Personal attributes: integrity, dependable, initiative-taking, results-oriented, creative, and strong interpersonal skills.
• Ability to operationalize strategy into action for the function.
• Effective communication skills, both verbal & written.
Work Hours: 8
Experience in Months: 48
Level of Education: Bachelor Degree
Job application procedure
If you meet the above minimum requirements, send your C.V to careers@gakenya.com indicate the position applied for on the email subject line to be received on or before 4th July 2023. Only shortlisted candidates will be contacted.
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