The role holder will assist the Regulatory affairs manager to ensure full compliance of the Life Business, assist in ensuring that the company is compliant with internal Jubilee Insurance policies, all external regulations, acts and laws applicable in the insurance and financial services industry.
The role holder will also assist in overseeing and implementing the company’s compliance framework, thus mitigating compliance risks, and upholding the highest ethical standards with in the organization.
Main Responsibilities
- Assist in ensuring that applicable regulation is adhered to by the business and support functions through day-to-day monitoring and regular review to ensure compliance to existing legislation, regulations and internal policies and controls.
- Assist in ensuring that compliance risks are identified, assessed, controlled and enforced.
- Assist in identifying suspicious transactions and reporting of these transactions to the Money Laundering Reporting Officer without tipping off.
- Assist in reviewing company processes/operational manuals and systems to ensure that they are regularly updated to meet the set regulations, policies and all other requirements such as mandates, escalations, controls etc.
- Assist in identifying areas of compliance weakness and recommend remedial measures in consultation with the regulatory affairs manager.
- Follow up with the various stakeholder on closure of the Compliance Gap Analysis/Tracker.