Legal and Compliance Officer in an Insurance Company

The Legal and Compliance Officer will report to the Head, Legal Unit

Responsibilities
Compliance
 Review of all relevant statutory laws and regulations applicable to the Company and ensure compliance with these
 Ensure that business activities are conducted in conformity with all applicable laws, regulations, internal policies and procedures.
 Ensure that all regulatory permissions remain current and appropriate for business needs.
 Continual compliance risk assessment of company practices together with the development of internal policies and procedures, compliance training and protocols.
 Serve as liaison for all regulatory bodies as well as maintaining relationships with relevant legal bodies and trade associations.
 Keep abreast of regulatory developments and industry initiatives and advise management accordingly.
 Liaise with third parties, together with the company’s management, that wish to understand the company’s control environment, compliance policies and procedures.
 Provide reporting with respect to regulatory requirements and developments
 Develop compliance checklists and prepare compliance reports, as and when due
 Inform the Internal Audit unit of any findings as regards non-compliance that may require investigation
 Ensuring compliance with best practices
 Participate in Business Process Re-engineering exercises to ensure controls therein
 Carry out review of SLA Manuals to ensure applicable regulatory laws are incorporated
 Any other duties as required by the Unit head

Legal 
 Liaise with auditors, external lawyers, tax advisers, bankers and shareholders.
 Preparation of compliance documentation with relevant constitutive documents for statutory, legal, regulatory purposes.
 Liaison with all the subsidiaries within the Company’s Group, service providers, external legal advisers, and government agencies.
 Maintenance and review of Legal Agreements
 Developing and overseeing that the company meets its compliance obligations under relevant laws and the requirements of regulatory authorities
 Negotiation, drafting and implementation of the terms of agreements in all business contracts and agreements.
 Responsible for providing legal support in controlling customer complaints to mitigate the risk of litigation
 Review all documentation that has legal implications for the company prior to signing and implementing.