Summary
Date Posted: Wednesday, December 11 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
This role will support the development, implementation, and monitoring of risk management and compliance frameworks within our life assurance operations. The ideal candidate will be passionate about ensuring adherence to regulatory standards and fostering a culture of compliance.

Key responsibilities:
• Assist in the identification and assessment of risks associated with business operations.
• Support the development and implementation of risk management policies and procedures.
• Monitor compliance with regulatory requirements and internal policies.
• Conduct regular audits and reviews to ensure compliance and risk mitigation.
• Ensure there are risk registers maintained for Segment / Business Unit that comprises key potential risks facing the BU and that the risk register contains the corresponding risk indicators Assist in training staff on compliance and risk management practices.
• Collaborate with various departments to promote a culture of compliance and risk awareness.
• Stay updated on relevant laws and regulations affecting the life assurance industry in Uganda.
• Support in the development of a Business Continuity Policy, Strategy and BCP & DR Plans and ensure roll out across the entire Britam Group.
• Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Board and Management.
• Perform any other duties as may be assigned from time to time.
• Coordinate and improve risk management within departments.
• Review all internal & external audit reports to extract relevant risk and control information for use in reporting and remediation.
• Monitor resolution of all associated internal audit recommendations post audit issues.
• Coordinate the recording of the risk incidents and carrying out the root cause analysis.
• Regularly collate the operational loss data and maintain the database.
• Control Self Assessment (RCSA) Framework Coordinating Risk & across the various departments.
• Ensure sufficient follow through on management actions to mitigate risks identified.
• Champion documentation of interdepartmental SLAs during quality assurance reviews.
• Review key outsourcing arrangements for the company in line with the Regulator outsourcing guidelines.
• Prepare board pack for the management Risk Committee meeting.
• Coordinate Secretarial work for the MRC meetings.
• Prepare any risk reports to any other management committee.
Key Performance Measures:
As described in your Personal Scorecard.

Knowledge, experience and qualifications required
• Bachelor’s Degree in Finance, Business Administration or a related field is required.
• 2-3 years’ work experience in the risk and compliance field.
• Accreditations in Risk Management would be an added advantage.
Technical/ Functional competencies:
• Knowledge of the insurance industry and regulatory environment in Uganda.
• Familiarity with risk management frameworks and compliance standards.
• Previous internship or work experience in a related field is a plus but not required.

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure

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