Old Mutual Nigeria

Compliance Officer

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Old Mutual Nigeria is recruiting for Full time Compliance Officer

Job Description

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 Officer

REF: 1257/NIGE/AA/Compliance Officer/Nigeria/110619
Location: Nigeria 
Category: Legal 
Available: ASAP
Contract: Permanent

Introduction
Key Focus:

  • 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.

Job Specification
Descriptor:

  • 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.
  • 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.
  • 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 approach to work demands, expected to provide support to the Governance team on 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.

 

Job Requirements
Minimum years of experience

6

Qualifications
FSLC /SSCE /JSCE /NABTEB /ADN /OND /ND /NCE /B.Sc /B.Ed /B.Tech
Other Requirements

Minimum Requirements
Qualifications and Experience:

  • A first Degree or its equivalent in relevant field  (Master’s degree is an advantage), ACAMS or similar certificate in Compliance
  • 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

Offer
Market Related

Application Closing Date
26th June, 2019.

This job is no longer accepting applications.

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About Old Mutual Nigeria
Old Mutual in Nigeria, comprising a Life Assurance and General Insurance business, is a subsidiary of Old Mutual Limited, a premium African financial services group that offers life protection, general insurance, savings, investments and lending services to 11.3 million customers in 13 countries across Africa and China.Old Mutual has been operating in Nigeria since March 2013, having acquired the majority stake in Oceanic Life Assurance Company. In January 2014, Old Mutual also acquired a majori...
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Job Summary
Published
June 13, 2019
Offer Type
Full time
Experience
Minimum of 6years
Deadline
June 26, 2019
Specialization
Risk Management / Compliance
Industries
Banking / Financial Services
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