Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients’ circumstances.
We are recruiting to fill the position below:
Job Title: Compliance & Legal Officer
Job Requisition ID: JR-31902
Location: Lagos
Job Type: Full-time
Job Description
- Individually accountable for establishing and embedding compliance through own efforts, over periods of 1 day to 3 months.
- Initiates and facilitates corrective action where required.
- Assists management to develop risk management and compliance strategy & policy through own efforts.
- Establishes and embeds compliance in the holding company (Old Mutual West Africa Company and its subsidiaries, namely Old Mutual Nigeria Life Assurance Company and Old Mutual Nigeria General Insurance Company).
- Ensures compliance within area by implementation of compliance risk management and compliance monitoring plans per each operating entity.
- Ensure compliance with internal Old Mutual governance policies, procedure and requirements. Shall be primarily responsible for updating policy manuals, AML/CFT manuals, Compliance Plans etc and changes as required by the business.
- Implements the compliance monitoring plan.
- Reports on compliance breaches to line managementand the Governance Executive.
- Prepares detailed up to date compliance reports as required by the line manager to various governance channels and management committees.
- Ensures all regulatory returns are filed as required.
- Facilitates resolution of compliance breaches.
- Assists in mitigation of compliance risks.
- Reports to the Governance Executive.
- Influence is limited to specific assigned functional area.
- Focuses on legislation and impact of legislation on the BU/functional area.
- Flexible and dynamic approach to work demands, expected to provide support to the Governance team on team related tasks as required by line manager.
- Ensures internal Group compliance requirements are adhered to and responsible for ensuring all compliance attestations are concluded within deadlines.
- Ensures regular stakeholder engagements (including regulatory engagements), coordinates all regulatory engagements under the supervision of the Governance Executive.
- Develops and embeds the regulatory strategy and regulatory engagement framework.
Key Result Areas
Compliance:
- Ensures compliance within area by implementation of compliance risk management and monitoring plan, as well as through staff supervised, over periods of up to 3 months.
- Reports on compliance breaches to line management and Governance Executive.
- Facilitates resolution of compliance breaches.
- Assists in mitigation of compliance risk.
- Focuses on legislation and impact of legislation on the BU/functional area.
- Assists the Governance Executive with the effective co-ordination and execution of the quarterly audit, risk and compliance meetings for Old Mutual Nigeria and all the subsidiary companies.
- Challenges and escalates (within the defined escalation framework) where deemed appropriate.
Personal Effectiveness:
- Accountable for service delivery through own efforts.
- Individually accountable for managing own time, tasks and output quality for periods of up to 3 months.
- Makes increased contributions by broadening individual skills.
- Collaborates effectively with others to achieve personal goals.
- Accepts and lives the company values.
Qualifications and Experience
- A First Degree or its equivalent in relevant field (Master’s Degree is an advantage), ACAMS or similar certificate in Compliance.
- Bachelor of Laws (LLB): Law
- At least 6 years work experience (three of which must be at middle management level)
- Relevant industry experience is required.
- Excellent communication skills (verbal and written).
- Strong analytical skills.
- Good Excel and PowerPoint skills.
Deadline: 7th July, 2023.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Leave a Reply