Risk Compliance Manager

Falane Solutions Limited

About the job

  • Makes sure that the company’s policies and procedures are in line with all rules and regulations.
  • Implements and manages new rules and regulations when they are passed by the state or regulatory bodies, e.g. PIA
  • Ensures all policies and procedures are being followed precisely and with no corners cut.
  • Analyses and reviews of policy documents/contracts and various underwriting manuals to ensure consistency with company objectives.
  • Analyses and reviews of underwriting, reinsurance and claims procedure manuals.
  • Consolidates and analyses periodic production performance reports
  • Establishes and maintains strong working relationships with direct clients, brokers & Agents to ensure adherence to PIA regulations & intermediary agreements.
  • To facilitate the implementation of the Company’s Risk Management Framework Identifying, assessing, mitigating and reporting all operational risk exposures
  • Identifies and assesses the compliance risks associated with the Company’s business objectives
  • Establishes a well-documented risk- based compliance program outlining the planned activities and how these will enhance performance
  • and activities.
  • Sustains a compliance culture & awareness in the Company by developing the Compliance Risk Management Plan.
  • Participates and where appropriate leads in the development, implementation and evaluation of strategic plans, business plans, operational policies & procedures for the Company.
  • Initiates investigations when possible non-compliance takes place within the institution.
  • Monitors implementation of action plans to address operational risks.
  • Ensures that appropriate periodic business performance information is available to report on performance against business objectives and financial targets.
  • Evaluates compliance systems and ensures adequate software is in place.
  • Offers advice to the company on compliance issues when need arises.
  • Maintains a working knowledge of relevant legislation, regulations and codes of practice and ensures these are adhered to by advising Management on compliance laws, regulations, rules and standards.
  • Ensures optimum implementation of audit findings and recommendations.
  • Prepares periodic reports on compliance to applicable laws, regulations and internal policies; and
  • Prepares quarterly reports on significant risk exposure.

The COO may assign any other related duties to the job holder as and when required

To apply for this job please visit www.linkedin.com.

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