Job Description

Key Responsibilities:
Implement and manage an effective compliance program through the development and management of risk and compliance plans.
Develop and review company policies, including effective implementation of policies and guidelines.
Advise management on the company's compliance with laws and regulations through detailed reports.
Create and manage effective action plans in response to audit findings and compliance violations.
Regularly audit company procedures, practices, and documents to identify possible weaknesses or risks.
Track and monitor key risk indicators, controls, and action plans.
Assess company operations to determine compliance risk.
Conduct research on compliance-related topics.
Develop training materials and assist with training to ensure all employees are educated on the latest regulations and processes.
Assist in compiling risk and compliance reports.
Collaborate with other leaders on cross-functional initiatives that focus on mitigating compliance risks.
Work with external partners, such as Internal Audit, to ensure the effectiveness of the compliance function.
Assist in innovating the Compliance program and function and identifying improvements to existing processes and plans.
Provide guidance to the business and assist with implementation of compliance policies and projects.
Draft and compile regulatory submissions.
Ensure compliance with regulations issued by the Prudential Authority.
Stay abreast of Prudential Authority directives and guidelines relating to non-life insurers.
Monitor compliance with Prudential Authority requirements.
Prepare and submit Prudential Authority notifications, applications, and reports.
Experience and Qualifications:
LLB, Legal, or Compliance qualification
Successfully passed the Key Individual Regulatory Examination 1 as required by the FSCA for Licensed
Phase I Approved - Category I FAIS Licensed Compliance Officer would be advantageous
Post Graduate Diploma in Compliance Management would be advantageous
Risk Qualifications will also be an advantage
At least 5 years' Compliance experience in the financial services industry
2nd line compliance experience
In-depth knowledge of legislation relating to non-life insurers, including Financial Sector Regulation Act
On-site meetings and engagements with Regulators
Combined assurance planning and execution
1st line compliance experience
Regulatory Complaints Handling
Competencies Required:
Excellent organisational and administrative skills
Excellent communication skills (verbal and written)
Report writing skills
Accountable, takes ownership and responsibility
Attention to detail
Negotiation skills and problem-solving ability
Strong people skills
Ability to work independently and in a team environment
Analytical thinker with investigative instinct
Self-disciplined and self-motivated
Stress tolerance, tenacity, and resilience
Professional approach
Assertive and tactful with the ability to handle conflict
Results-driven