Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, General and Medical Insurance. Today, Jubilee is the number one insurer in East Africa with over 1.9 million clients. Jubilee Insurance has a network of offices in Kenya, Uganda, Tanzania, Burundi and Mauritius. It is the only ISO certified insurance group listed on the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AA- in Kenya and Uganda, and an
A+ in Tanzania. For more information, visit www.JubileeInsurance.com.
Role Purpose
The role holder will assist the Assistant Manager, Risk and Compliance to ensure full compliance of the Asset Management Business, assist in ensuring that the company is compliant with internal Jubilee Asset Management policies, all external regulations, acts and laws applicable in the 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 withing the organization.
Main Responsibilities
- Assist in ensuring that applicable regulations are adhered to by the business and support functions through dayto-day monitoring and regular review to ensure compliance with existing legislation, regulations and internal policies, processes, documentations 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 assistant manager, risk and compliance.
- Follow up with the various stakeholders on closure of the Compliance Gap Analysis/Tracker.
