Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks such as Fire, Marine, Aviation, Personal Accident, Motor, Liability, Agriculture, Property, and Micro Insurance. We also underwrite Health Insurance i.e. Corporate, Individual & Family Health Insurance. APA Life Assurance is one of the leading insurance companies in Kenya providing Life Insurance and Pension benefits.It has been recognised as The Best Insurance Company in Claims Settlement (Life Business). Our Individual products, APA Elimu,Pumzisha, Imarika and HosiCare aim to protect generations as well as help people from all walks of life to meet common needs. Apollo Asset Management which is an investment and wealth management firm licensed by the Retirement Benefits Authority (RBA) and the Capital Markets Authority (CMA) to conduct fund management and investment advisory services. Gordon Court (Apollo Conference Centre) is the premier event hosting location for both business and private functions in the city. From business conferences to private occasions, Apollo Conference Centre provides the ultimate meeting place. Established in 1977 as one of the first locally owned insurance companies, Apollo has achieved impressive growth over the years thanks to commitment to service and confidence of policyholders and a sound management policy. APA Apollo has been at the fore front of Innovations and taking bold and daring steps in the Insurance and Financial service sectors.KEY PRIMARY RESPONSIBILITIES Risk In conjunction with management, facilitating the identification and assessment of risks in line with the Group’s Enterprise Risk Management framework and updating outcomes in the risk registers. Monitoring of risks and preparation of reports to management and other risk committees on various aspects of risk management Following-up proactively on action plans put in place by management to address risk exposures and report on the same Conducting risk analysis and quantification of financial risks through sensitivity analyses and stress testing for financial and insurance risks as well as major projects in the company. Implement the risk and compliance policies and procedures in place. Keep abreast with the applicable laws, regulations, rules and standards in the risk & compliance fraternity and advice on the emerging developments of the same. Scanning environmental risks and identifying new threats and opportunities that may impact on the business. Creating awareness on risk management to facilitate embedding of a risk-conscious culture across the Company Coordinate BCP in conjunction with the Group Head of Risk and Compliance and ensure the group’s business continuity risks are adequately mitigated Compliance Implement the annual compliance program incorporating legal, regulatory and internal policies & procedures for all the entities in the group Ensure that all applicable legislation are complied with by each company within the group through day to day monitoring and regular review of compliance to legislation, regulations and internal policies and controls. Maintain correspondence with all regulators on all regulatory and supervisory issues. Implement an ethics program and report on the status of compliance Anti-Money Laundering Implement a robust Anti-Money Laundering and Counter Terrorist Financing Programme as well as on any new laws and regulation affecting the group as they emerge. Inform and advise Apollo Group, employees and third-parties of their obligations under the POCAMLA Act Monitor compliance with POCAMLA Act and Apollo Group Compliance and AML policies in relation to Money Laundering, including raising awareness of these policies amongst Apollo Group employees, ensuring relevant and continuous staff training, and auditing and reviewing Apollo Group systems and procedures Act as the contact point with regulators and the Board on issues relating to Apollo Group’s AML/CFT Activities such as reporting suspicious transactions related to money laundering and the fight against terrorism financing Provide advice to Apollo Group, where requested, regarding AML/CFT Compliance Risk Assessments and to monitor their performance Other Responsibilities Provide training to Management and Staff at Apollo Group by organizing, designing and delivery of Risk and Compliance training programmes. ACADEMIC QUALIFICATIONS Bachelor’s degree in Finance/Business/IT/Risk Management or an equivalent JOB SKILLS AND REQUIREMENTS Proven exposure to Risk Management and excellent understanding of principles of risk management An understanding of the Regulatory environment within a Financial Services and Insurance company. This includes AML laws and regulations Proven exposure to Internal Control Systems Excellent report writing, presentation and communication skills IT proficiency i.e. experience in analysis using statistical packages, MS Excel and other analytical tools Continuous Process Improvement understanding Analytical thinking and Problem solving skills with attention to detail Team Player and People skills Understanding of Quality Management Systems will be an added Advantage PROFESSIONAL QUALIFICATIONS CPA (K), CISA, CIA or QMS Lead Auditor Risk Management qualification Compliance qualifications AML Certifications will be an added advantage EXPERIENCE At least 4-8years in a risk management environment within a large organization preferably in a financial services industry
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Senior Risk & Compliance Officer At Apa Life Assurance Company Ltd
Apa Life Assurance Company Ltd
Insurance
full time
Nairobi
Posted 1 day ago