Risk & Compliance Senior Officer job at Prime Life Insurance Limited

Vacancy title:
Risk & Compliance Senior Officer

[ Type: FULL TIME , Industry: Insurance , Category: Accounting & Finance ]

Jobs at:

Prime Life Insurance Limited

Deadline of this Job:
15 January 2023  

Duty Station:
Within Rwanda , Kigali , East Africa

Date Posted: Thursday, January 12, 2023 , Base Salary: Not Disclosed

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Learn more about Prime Life Insurance Limited
Prime Life Insurance Limited jobs in Rwanda

Risk & Compliance Senior Officer
Prime Life Insurance Limited is an insurance company, established in 2011 by Rwandan investors, a licensed life insurance company authorized by the National Bank of Rwanda (BNR).

1. Background
Prime Life Insurance Ltd is an Insurance Company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR). The Company is seeking to recruit a highly-skilled, self-motivated, and experienced person to fill the following posts:

Key roles & responsibilities
Under the supervision of the Chief Executive Officer and the Risk, Ethics, Compliance, and Investment Committee; the Risk & Compliance Senior Officer shall have the following key roles and responsibilities:
• Use suitable processes and tools for identifying, assessing, monitoring, managing, and reporting on risks;
• Regular reviews of the risk management system and implementation of corrective or additional measures if necessary;
• Evaluate the company’s capacity to absorb risk given the nature, probability, and impact of identified risks;
• Identify and manage risks arising from the internal and external environments;
• Develop a risk register and put in place a management measure to mitigate those risks identified;
• Identify, assess, monitor, and control foreseeable material risks at both an individual and aggregate level;
• Communicate to the management and Board of Directors the probability, impact, and time horizon of such risks identified;
• Maintain an aggregate view of the company’s risk profile;
• Assess the key compliance risks and steps being taken to address them;
• Assess how various business units or departments are performing against compliance standards;
• Identify compliance issues involving management or persons with key responsibilities within the insurer;
• Follow up on material instances of non-compliance and any associated investigations;
• Follow up on fines or disciplinary actions taken by the Central Bank or any other regulatory authority in respect of the insurer or any employee.

Required Skills & Qualities
• Excellent Organizational Skills
• Proficient Communication Skills
• Effective Problem-solving
• Assessment & Interpretation
• Critical Thinking Ability
• Creativity
• Integrity
• Strong People Skills
• Up-to-date Knowledge of Business technology and IT
• Sound Understanding of Regulatory Guidelines and other Policies
• Fluent in English, French, and Kinyarwanda. Education & Experience
• Master's degree in risk management, actuarial science, finance, accounting, economics, or related field with;
• A minimum of consecutive six (6) years working in risk management in insurance or reinsurance companies or similar institutions of which two (2) have been passed in a managerial position
Job application procedure
• Application letter addressed to Chief Executive Officer,
• Recent Curriculum Vitae (CV) with proven work Experience,
• Education certificates,
• A copy of National Identification;
• Three referees.

Job Experience: No Requirements

Work Hours: 8

Level of Education:
Bachelor Degree

Job application procedure
Please send your application to life.recruitment@prime.rw  in one document.
The deadline for submitting applications is January 15th, 2023 at 5 pm local time.
Chief Executive Officer

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Job Info
Job Category: Accounting/ Finance jobs in Rwanda
Job Type: Full-time
Deadline of this Job: 15 January 2023
Duty Station: Kigali
Posted: 12-01-2023
No of Jobs: 1
Start Publishing: 12-01-2023
Stop Publishing (Put date of 2030): 12-01-2056
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