Team Lead, Compliance & Internal Control at Guinea Insurance plc

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 prompt response NFIU/EFCC/NAICOM enquiries.
• Regulatory reporting to NFIU
• 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