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