Madison Group Hiring Supervisor

SUPERVISOR – RISK AND COMPLIANCE

Madison Group Limited operates through two insurance subsidiaries in Life and General businesses and an Investment management subsidiary, all based at the Group Headquarters in Upper Hill, Madison House, Nairobi.

Job Summary

Reporting to the Head of Risk and Compliance, the Supervisor–Risk and Compliance must be a self-driven person who will be responsible for initiating and in liaison with the respective departmental heads, manage the operational, insurance risk and compliance initiatives for the company.

Duties & Responsibilities

  1. Creating awareness on risk management to facilitate embedding of a risk-conscious culture across the Company.
  2. Monitoring of  risks  and  preparation  of  reports  to  management  and  other  risk committees on various aspects of risk management e.g. reports of monitoring key risk indicators.
  3. Following up proactively on action plans put in place by management or the various risk committees to address risk exposures and report on the same.
  4. Conducting risk modeling in line with the various established risk analysis models.
  5. Conducting risk analysis and quantification of financial and insurance risks through sensitivity analyses and stress testing for financial and insurance risks as well as major projects in the company.
  6. Implement the risks and compliance policies and procedures in place.
  7. Provide relevant information required by external bodies and regulators on compliance matters such as reporting suspicious transactions related to money laundering and the fight against terrorism financing.
  8. Keep abreast with the applicable laws, regulations, rules and standards in the risk & compliance fraternity and advice on the emerging developments of the same.
  9. Undertake any other tasks as assigned.

Key Competencies Required

  1. Strong analytical skills with ability to pay attention to details;
  2. Knowledge of risk management concepts and principles;
  3. Understanding of Quality Management Systems
  4. Self-driven individual with ability to work with minimum supervision;
  5. Good communication skills, both verbal and written;
  6. Team player with excellent interpersonal skills;

Academic /Professional Qualification

  1. Bachelor’s Degree in Accounting, Finance, Actuarial Science or a related field
  2. Professional qualification in either CPA,ACCA,CISA or IRM;
  3. At least 3 years relevant experience in Audit or Risk Management.

Qualified candidates are requested to forward their applications including comprehensive C.Vs to the Group Human Resources Manager through Email: [email protected]  with the Role as the Subject of the email and not later than 12th July, 2024.

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