Compliance Supervisor at

1 month ago


Nairobi, Nairobi Area, Kenya Madison Group Limited Full time
Madison Group Limited is a locally owned financial services holding company that specializes in Insurance and wealth management services. The Group comprises of Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited.

Madison Life Assurance Kenya was originally incorporated under Kenyan Laws in 1988 as Madison Insurance Company Limited (MICK) after a successful merger between Crusader Plc and Kenya Commercial Insurance Corporation.

Job Summary

Reporting to the Head of Risk and Compliance, the Supervisor–Risk and Compliance must be a self-driven person who will be responsible for initiating and in liaison with the respective departmental heads, manage the operational, insurance risk and compliance initiatives for the company.

Duties & Responsibilities

Creating awareness on risk management to facilitate embedding of a risk-conscious culture across the Company.

Monitoring of risks and preparation of reports to management and other risk committees on various aspects of risk management e.g.

reports of monitoring key risk indicators.

Following up proactively on action plans put in place by management or the various risk committees to address risk exposures and report on the same.

Conducting risk modeling in line with the various established risk analysis models.

Conducting risk analysis and quantification of financial and insurance risks through sensitivity analyses and stress testing for financial and insurance risks as well as major projects in the company.

Implement the risks and compliance policies and procedures in place.

Provide relevant information required by external bodies and regulators on compliance matters such as reporting suspicious transactions related to money laundering and the fight against terrorism financing.

Keep abreast with the applicable laws, regulations, rules and standards in the risk & compliance fraternity and advice on the emerging developments of the same.

Undertake any other tasks as assigned.

Requirements
Key Competencies Required

Strong analytical skills with ability to pay attention to details;
Knowledge of risk management concepts and principles;
Understanding of Quality Management Systems
Self-driven individual with ability to work with minimum supervision;
Good communication skills, both verbal and written;
Team player with excellent interpersonal skills;

Academic /Professional Qualification

Bachelor's Degree in Accounting, Finance, Actuarial Science or a related field
Professional qualification in either CPA,ACCA,CISA or IRM;
At least 3 years relevant experience in Audit or Risk Management.
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