Posted:August 14, 2023
By:Semasocial
Company Details
Industry:
Insurance
Description:
The company was incorporated in 1982 by the Al Fateem Group of Dubai and was later acquired by Kenyans in 1988. Kenya Orient Insurance was then formed in 2004 after a transfer of ownership from the previous proprietors to its current owners. We have since enjoyed steady growth as a company and are fast becoming a force to reckon with in the industry.
Job Description
JOB PURPOSE:
- Establish, implement and enforce a robust Company-wide risk management and compliance framework and systems (policies, processes and tools) covering a broad spectrum of risk categories.
- Provide risk advice and guidance for the Company by integrating risk concepts into governance, strategic planning, and risk identification and mitigation activities.
- Champion a culture of compliance throughout the company to ensure everyone complies with external regulatory requirements and internal policies and procedures.
KEY TASKS, DUTIES AND RESPONSIBILITIES
- File all regulatory reports and returns of the risk and compliance department to the authorities as and when they fall due.
- Continuously review whether all regulatory reports and returns for the company are done as required and report as necessary.
- Keep abreast of all new legislative and regulatory requirements, review, and summarize legal documents and guidelines.
- Assist in the coordination of the development and implementation of the Business Continuity Plan (BCP) through administrative support, co-ordinations of meetings and training.
- Carry out a corporate risk assessment and develop the KOIL risk profile.
- Conduct periodic risk assessments for the business and develop a compliance management framework.
- Develop risk mitigations and responses in coordination with business units and monitor the progress of implementation.
- Carry out independent risk reviews or assessments for the various departments.
- Develop various policies on risk and compliance management, AML, whistleblowing, code of conduct and fraud management.
- Develop risk management Standard Operating Procedure (SOP).
- Carry out independent risk reviews or assessments for the various departments.
- Identify requirements for an automated risk management system and implement.
REQUIREMENTS
- A Bachelor’s degree in a business-related course (Insurance Option, Finance and Banking, Accounting and Risk or equivalent from a recognized university.
- Master’s degree in a business-related field will be an advantage.
- Member of a relevant professional qualification, IRM/GARP/ICPAK.
- Six (6) years’ experience, two (2) of which should be at supervisory level or above
Education: Degree, Diploma
Contact Information
Name: Hiring Kenya