Risk & Compliance Officer at GA Insurance

GA Insurance Ltd was incorporated in 1979 after the exit of General Accident Insurance. The company has over 50 years’ experience in general insurance underwriting inherited from its parent firm, General Accident Insurance (UK). It continues to underwrite various classes of risks in the general insurance segment, which includes medical and travel insurance. Few companies in the Kenyan market can match its experience within the industry. It continues to play a key role in maintaining the traditions of the insurance Kenya, and it is constantly evolving to meet emerging market needs of the Kenyan insurance market

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.

The post Risk & Compliance Officer at GA Insurance appeared first on Jobs in Kenya - http://jobcenterkenya.com/.