Risk & Compliance Manager, International Business at Britam

1 month ago


Nairobi, Kenya Britam Full time

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
Strategic Purpose:
This role will coordinate the management of risk management and compliance objectives across the region to help the businesses achieve their strategies and objectives. Be the centre of excellence as the Financial Controls Specialist and oversee best practice in:

Products pricing.
Financial operational leakages and optimization.
Non-Investments financial KRIs monitoring i.e. insurance, credit risks.
Revenue assurance.
Compliance Risk Management.

To drive an appropriate risk management culture, contribute to efficiency gains, minimize losses and ultimately deliver customer satisfaction.

Regulatory Purpose:

Ensure the Business Unit risks, including operational and financial risks are understood and managed within the risk appetite and in line with regulatory and supervisory requirements and expectations.
Key responsibilities:
Enterprise Risk Management:

Responsible for the identification, assessment and management of all risks associated with both new and existing business within the business region / regulated entity. This includes assisting the regions to proactively determine which risks they will accept and retain, and hence actively manage in line with the Group Wide ERM Policy and Risk Appetite.
Development of the risk management culture to support the implementation and effective operation of enterprise risk management.
Advise senior leadership on significant key risk exposures while maintaining a perspective that is both independent and sensitive to the commercial objectives of the enterprise.
Ensure there are risk registers maintained for the Region / Business Unit that comprises key potential risks facing the various BU’s and that the risk registers contain the corresponding risk indicators.
Continuously liaise with the various departments within the Region to identify, quantify, mitigate and monitor operational and financial risk across the region.
Develop and implement risk responses to ensure that risk factors and events are addressed in a cost-effective manner and provide management with information to enable risk response decisions.
Monitor risk and communicate information to the relevant stakeholders to ensure the continued effectiveness of the enterprise’s risk management strategy.
Report on all risks on the group risk taxonomy, capture and report on risk events.
Develop and maintain risk management guidance materials, controls, training resources and an internal ERM manual for use at Board, BU / Region and departmental level.

Business Continuity:

Develop a Business Continuity Policy, Strategy and BCP & DR Plans and ensure roll out across the entire region.
Ensure that key parameters such as RPO and RTO are articulated by the business and ensuring appropriate BCM capabilities are in place for the Region / BU.
Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Board and Management.
Monitor and track BAU capabilities through liaison with BUs / region.

Compliance:

Ensure compliance in the organization by conducting regular assessments of compliance issues that will result in early address of the same.
Ensure financial crime compliance including AML, Anti-bribery, Counter-terrorist financing, sanctions etc.
Maintain an up-to-date adequate level of knowledge and understanding of regional regulations, internal policies and procedures on AML, Anti-bribery, Treating Customers Fairly etc and implications on business activities.
Work closely with the business leads to ensure all business processes are compliant with policies and procedures.
Compile the compliance obligations register incorporating the RACI matrix and communicate statutory requirements.
Work with the Business units, to identify all compliance requirements.
Perform on-going compliance risk assessments, testing and monitoring and facilitate remediation of control deficiencies based on observations or findings from compliance monitoring and internal audit.

General:

Manage the operations, performance and development of the regional Risk & Compliance team, ensuring all team members have clear objectives and targets.
Build the required risk management and compliance skills. Ensure training of the boards is carried out to provide a more effective management of risk and compliance and to keep up with increasingly complex regulatory requirements.
Represents Britam in industry associations on matters related to risk, compliance and ethics and in interactions with regulators.
System owner and functional administrator for enterprise risk management, compliance and business continuity information system and analysis software.
Driving and embedding the appropriate risk and compliance culture across Britam.
Driving of risk & compliance technology and ensure the appropriate functioning of the risk committees.
Perform any other duties as may be assigned from time to time.

Key Performance Measures:

As described in your Personal Scorecard.

Knowledge, experience and qualifications required

Master’s degree in finance, business administration or a related field is preferred.
Bachelor’s Degree in Finance, Business Administration or a related field is required.
At least 10 years’ work experience and at least 3 years in a managerial role in a risk management department in a busy and high performing insurance company or group.
Accreditations in Risk Management and Compliance would be an added advantage.



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