Team Lead, Compliance and Internal Control at Coronation Insurance Plc

Coronation Insurance is a leading West African full line insurance company offering a diverse range of products and services covering life, general and special risk businesses. Coronation Insurance is licensed to underwrite all classes of insurance, such as fire and special perils, goods-in-transit, all risk insurance and life insurance for both Individuals and Corporate entities.

We are recruiting to fill the position below:

Job Title: Team Lead, Compliance and Internal Control

Location: Lagos
Employment Type: Full Time

Responsibilities

• Develop compliance controls to mitigate compliance risk exposure of organization
• Review control processes, risk assessments to identify risk areas and mitigations and control design weaknesses and drive the implementation of recommendations for remediating those weaknesses.
• Support the formulation of the organization’s compliance programs and compliance strategies to incorporate relevant legislative and regulatory requirements and adapt to changing regulatory environment
• Develop detailed operational plans and procedures for compliance programs
• Support the development of the company's controls testing approach and teaches others about this approach to build their knowledge and capability.
• Partner with business stakeholders to develop and help implement solutions to complex controls issues in an efficient manner while also maintaining independence
• Advise on best practices and foresees the impact of changes in regulations, policies and procedures.
• Evaluate interdependencies between risks, uncertainties and opportunities, critical failure points and resource implications
• Establish compliance monitoring and surveillance strategies and objectives for the organization
• Evaluate root causes and potential organizational impact or risks of non-compliance and/or areas of high potential for compliance breaches
• Report recommendations for improvements based on systematic analysis of information at agreed intervals.
• Promote relationships with internal and external assurance providers
• Provide advice and opinions on optimal IT controls for new applications
• Diligently monitor standard general IT controls, such as proper security management segregation of duties, adequate documents and records and access controls, and independence checks.
• Create and maintain effective relationships with a wide range of internal and external stakeholders to drive compliance.
• Discover and teach others about best practices in compliance management and stay abreast of industry, regulatory and market trends.
• Engage with regulators, external parties, board, senior management, and other key stakeholders to facilitate decision-making on regulatory compliance and/or legal issues

Education and Work Experience

• Bachelor’s Degree in Accounting or related discipline
• Must possess a professional accounting qualification (e.g. ACA, ACCA etc.) and membership of one or more relevant professional bodies
• Minimum of 10 years post qualification experience in Compliance and Internal Control preferably in the financial services industry with at least 4 years leading a team
• Demonstrated knowledge in internal controls, risk management, audit, ethics and fraud awareness

Required Skills and Competencies:

• Sound knowledge of the various types of controls and how they work together to form a strong internal control environment, including understanding relevant controls frameworks used by the company.
• Ability to articulate requirements and drive the implementation of a strong internal control environment
• Demonstrate detailed knowledge of the processes for developing internal control frameworks in simple and complex situations.
• Demonstrate an understanding of the interdependencies of the organization’s systems, processes and business strategies
• Demonstrate professional judgement to determine appropriate course of action for complex legal and/or compliance situations
• In-depth knowledge of the industry’s standards and regulations
• Excellent knowledge of reporting procedures and record keeping
• Attention to detail and a well-organized approach to work
• Time management and stakeholder management skills
• Strong research skills

Application Closing Date
Not Specified

Method of Application
Interested and qualified candidates should send their Resume and Credentials to: [email protected] using the Job Title as the subject of the mail.