Job Title:        Risk and Compliance Officer

Organization: East African Underwriters Limited (EAUL)

Duty Station: Kampala, Uganda

Reports to: Chief Executive Officer

About US:

East African Underwriters Limited (EAUL) is a member of the Liberty Group and a joint venture with the Madhvani Group. Liberty is a multinational group of companies operating in the financial services industry.

Job Summary: The Risk and Compliance Officer will act as the subject matter expert to maintain, support and monitor the implementation of the relevant components of Enterprise Risk Management and Compliance to ensure that they are fully complied to.

Key Duties and Responsibilities:  

• Support the CEO in driving and supporting the implementation of all risk and compliance frameworks and policies within the business and to provide oversight and monitoring of risk and compliance.
• Build and maintain networks and relationships with internal and external stakeholders in order to achieve and promote the development of Enterprise Risk Management and Compliance.
• Keenly analyse and manage data quality within the relevant risk and compliance systems including reports, and to drive actions to improve data quality.
• Offer support in the development of standards, procedures, guidelines, templates to support the implementation of Risk and Compliance policies and frameworks.
• Ensure that adherence to statutory, supervisory and regulatory requirements are monitored and reported on to the relevant stakeholders.
• Continuously and proactively liase, advise, communicate, and provide risk and compliance support to relevant internal and external stakeholders to assist and support the meeting of statutory, supervisory and regulatory requirements.
• Prepare and consolidate compliance and risk reports to inform management decision making.
• Offer support in the implementation of business continuity.
• Ensure that a compliance and risk culture is embedded within the organisation by means of appropriate training and development, and awareness initiatives.
• Assist with ensuring that all methodologies are in line with best practices, both nationally and internationally.
• Assist with insuring that required legislation is implemented in the business by means of relevant processes and controls.
• Provide support to the business in identifying, assessing, treating, monitoring and reporting of all risks in terms of controlled self-assessments.
• Support the business in identifying root causes of control breakdowns in terms of both risk and compliance.
• Convening board meetings as well as shareholder meetings and regular management Committee meetings
• Compiling and circulating agenda, board/committee packs, attending meetings, taking and preparing minutes and resolutions as well as maintaining statutory records for companies.
• Ensure that the Board is run in terms of King III principles.
• Prepare statutory returns to the regulators and resolutions for companies
• Ensure compliance with legislation and regulatory requirements as well as Best International Practices on Corporate Governance
• Ensure the lodging of correct information and forms with Regulators
• Attend to shareholder queries and act as liaison officer between the shareholders and Transfer Secretaries
• Assist with the preparation of the annual financial statements for the company.
• Establish & maintain healthy relationship with all Regulators.
• Get Board approval of all Policies required for the day to day running of the business.
• Provide support to the Board by arranging training for the Board Members
• Ensure implementation of board resolutions.
• Provide legal advice upon request and on a pro¬active basis in anticipation of changes in the business environment.

Qualifications, Skills and Experience: 

• The applicant must hold a BA (Law) or LLB
• Possession of a Post Graduate Diploma in Risk and/or Compliance Management would be an advantage.
• A minimum of five years of risk and compliance experience within the Financial Services Industry
• A minimum of two years of risk and compliance experience in general insurance industry.
• Financial services industry
• General Insurance knowledge
• Legislation and regulations pertaining to risk and compliance (Working knowledge of principles of project management
• Broad knowledge and understanding of processes and controls
• Governance practices and procedures – best practice
• Knowledge of Company structure, articles of association for respective entities, delegation of authority and meeting procedures in terms of the board charter and terms of reference for the various board sub-committees
• Shareholder administration and communicating with Transfer Secretaries
• Presenting and Communicating Information
• Analysing
• Learning and Researching
• Delivering Results and Meeting Customer Expectations
• Adhering to Principles and Values
• Persuading and Influencing
• Creating and Innovating
• Planning and Organising
• Following Instructions and Procedures
• Adapting and Responding to Change

How to Apply:

All suitably qualified and interested candidates should send their applicationsto:  ghrm@madhvani.org

Deadline: 15^th February, 2017