Job For Risk & Compliance Officer at the African Reinsurance Corporation

⏲ Sep 4, 2018, 10:21 AM
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The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest re-insurer in Africa and the Middle East in terms of net reinsurance written premiums. We are recruiting to fill the position below: Job Title: Risk & Compliance Officer Location: Head Office, Lagos Job Type: Full Time Responsibilities

The successful candidate shall support in the Department in risk management & compliance processes.

Duties/Job Details The duties of the Risk & Compliance Officer shall comprise amongst others the following:

Manage business continuity plans
Generate and prepare risk reports
Support in enterprise-wide risk sensitization and communication
Support in coordinating rating exercises
Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
Support the Risk & Compliance department in the periodic risk management process
Update and manage the Corporation’s risk software
Support in analyzing data and assumptions to be used in risk and capital modelling
Monitor risk exposures and compliance with risk policies
Liaise with business units to obtain KYC information on existing and new clients as well as performing due diligence on such clients

Minimum Qualifications And Experience

First University Degree in relevant fields (Finance, Accounting, Risk Management, Actuarial Science);
4-5 Years of experience in risk Management & compliance role;
Relevant work experience in the Insurance and/or Reinsurance industry will be an added advantage.

Main Competencies Required For This Position:

Very high integrity and good sense of responsibility;
Good interpersonal skills;
Advanced level of proficiency in Microsoft Excel tool and excellent skills in other MS Office applications (Word, Access, PowerPoint).
Sound knowledge in data analysis and interpretation of financial statements;
Very high numerical and analytical skills;
Sound knowledge of the financial services industry;
Very good reporting skills;
Excellent communication and presentation skills, as well as proven writing and reporting skills;
Ability to multitask and learnt fast;

Additional Requirements For Candidates For This Position Applicants must also be:

Fluent in English, working knowledge of French will be an added advantage;
Nationals of Members state of Africa-Re
Not more than 35 years old

Salary and Benefits The successful candidate shall have the following benefits:

Competitive Basic Salary on the Corporation’s Grade Level SS3
Variable pay (Annual Performance Bonus)
Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
Children education subsidy for each child up to 26 years (maximum 4 children)
Medical cover for staff and family;
Housing Allowance
Transport Allowance
Inflation Adjustment