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Legal and Compliance Officer Job in an Insurance Industry

Our Client, a top notch
player in the insurance Industry is seeking to hire apt and dynamic
candidates
who will function as the Legal and Compliance Officer who
will amongst other things be responsible for the reviewing of all
relevant statutory laws and regulations applicable to the Company and
ensure compliance with these.

Applications are invited for the position below:

Job Title : Legal and Compliance Officer

Job Description

The Legal and Compliance Officer will report to the Head, Legal Unit

Qualifications
Education

Bachelor’s Degree in Law.
LLM (an advantage)
A minimum of 3 years compliance experience preferably within the Financial Services environment

Responsibilities
Compliance:

Review of all relevant statutory laws and regulations applicable to the Company and ensure compliance with these
Ensure that business activities are conducted in conformity with all
applicable laws, regulations, internal policies and procedures.
Ensure that all regulatory permissions remain current and appropriate for business needs.
Continual compliance risk assessment of company practices together with
the development of internal policies and procedures, compliance training
and protocols.
Serve as liaison for all regulatory bodies as well as maintaining
relationships with relevant legal bodies and trade associations.
Keep abreast of regulatory developments and industry initiatives and advise management accordingly.
Liaise with third parties, together with the company’s management, that
wish to understand the company’s control environment, compliance
policies and procedures.
Provide reporting with respect to regulatory requirements and developments
Develop compliance checklists and prepare compliance reports, as and when due
Inform the Internal Audit unit of any findings as regards non-compliance that may require investigation
Ensuring compliance with best practices
Participate in Business Process Re-engineering exercises to ensure controls therein
Carry out review of SLA Manuals to ensure applicable regulatory laws are incorporated
Any other duties as required by the Unit head

Legal:

Liaise with auditors, external lawyers, tax advisers, bankers and shareholders.
Preparation of compliance documentation with relevant constitutive documents for statutory, legal, regulatory purposes.
Liaison with all the subsidiaries within the Company’s Group, service
providers, external legal advisers, and government agencies.
Maintenance and review of Legal Agreements
Developing and overseeing that the company meets its compliance
obligations under relevant laws and the requirements of regulatory
authorities
Negotiation, drafting and implementation of the terms of agreements in all business contracts and agreements.
Responsible for providing legal support in controlling customer complaints to mitigate the risk of litigation
Review all documentation that has legal implications for the company prior to signing and implementing.

Person Specification

A minimum of 7 years working experience with 3 years compliance
experience preferably within the financial services environment
Insurance Industry experience preferable.
I.T knowledge (particularly in Excel and Word)
High level of determination and tenacity
Good understanding of Compliance activities in Financial Services.
Experience of developing and managing compliance monitoring programmes.
Articulate, effective communication skills with the ability to
communicate internally and externally (lawyers, regulators, auditors) at
all levels
Fully conversant with NAICOM, SEC, NSE, CAC, NFIU, IFRS, and other regulatory Directives and Guidelines.

How to Apply
 
Click here to apply online

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