Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.
We are recruiting to fill the position below:
Job Title: Team Lead, Compliance & Internal Control
Location: Yaba, Lagos
Employment Type: Full-time
Job Overview
To Implement measure that would ensure the adherence to appropriate compliance and internal control framework and procedures so as to minimize loss from non-compliance with the regulatory requirement and company’s policies & procedures.
Job Responsibilities
Implement methodologies for identifying, assessing, monitoring, controlling and reporting compliance risks.
Agree on the type and frequency of monitoring in relation to the company’s scale of the activity.
Ensures company-wide compliance with established policies and controls and ensures that violations are thoroughly investigated.
Ensure Compliance with NAICOM’s code of Corporate Governance from Legal and other regulatory requirements
Monitoring of compliance with AML/CFT guidelines for all the policies booked by the company
Creation of awareness/training on KYC/AML/CFT/PEP
Branch visitation to ascertain adherence to KYC
Monitoring of regulatory renditions to ensure compliance with deadlines for submission
Review of transactions & identify regulatory and control exceptions
Preparing KYC and AML Risk matrix for the company along product, customer, business and location lines and assigning these to Team Leads for monitoring
Prepare AML/CFT training plan for the company and ensure adherence to the plan
Ensure prompt response to auditors’ requests
Continuous update of company’s bank authorized signatory list.
Ensure Daily call-over of Transaction Checks/Reviews- Underwriting (Both Life and general)
Ensure transactions processed by CPU, Claims, Underwriting and Re-Insurance are reviewed daily to identify any area of non-compliance with the company policies
Ensure prompt closure of control and audit exceptions
Device Measure that will mitigate against reoccurrence of exceptions
Ensure reports are rendered periodically based on unit reviews carried out.
Prepare quarterly Spot-Check plan and ensure that Spot-Checks reviews of non-processing are carried out in line with the plan
Ensure Security sweep on the Head Office and branches and collate reports
Ensure only authorized users are given access to the system
Requirements
A good first degree in any discipline. Masters’ degree will be an advantage
Minimum of 5 years post qualification experience in Compliance & Internal Control within the financial services industry, of which at least 3 years must have been in the Insurance sector.
Professional certifications such as CFA, CIS, ACCA, ACA, CFP,CFE,ACAMS, IT Certifications, etc
Required Knowledge, Skills & Abilities:
Insurance Operations
Accounting
Credit Analysis / Appraisal
Environmental / Industry Analysis
Risk Management
Operational risk
Investment / Portfolio Management
Assets & Liabilities Management
Financial analysis / interpretation
TQM
Documentation
Generic Skills
Strategic Focus/ Orientation
Integrity and Discretion
Initiative/ Proactive
Entrepreneurship
Analytical skills / Problem solving
Resilience, Tenacity and Integrity
Interpersonal skills
Communication (oral & written)
Supervisory Skills
Leadership
Coaching /Leadership / Influencing
Initiative/Entrepreneurship/ taking ownership
Team building / conflict management
Organization & coordination
General managerial /administration.
Application Closing Date
14th July, 2024.
Method of Application
Interested and qualified candidates should forward their CV to: [email protected] using the Job Title as the subject of the email.