Risk & Compliance Officer job at Britam | Apply Now

Responsibilities:

• Assist in the identification and assessment of risks associated with business operations.

• Support the development and implementation of risk management policies and procedures.

• Monitor compliance with regulatory requirements and internal policies.

• Conduct regular audits and reviews to ensure compliance and risk mitigation.

• Ensure there are risk registers maintained for Segment / Business Unit that comprises key potential risks facing the BU and that the risk register contains the corresponding risk indicators Assist in training staff on compliance and risk management practices.

• Collaborate with various departments to promote a culture of compliance and risk awareness.

• Stay updated on relevant laws and regulations affecting the life assurance industry in Uganda.

• Support in the development of a Business Continuity Policy, Strategy and BCP & DR Plans and ensure roll out across the entire Britam Group.

• Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Board and Management.

• Perform any other duties as may be assigned from time to time.

• Coordinate and improve risk management within departments.

• Review all internal & external audit reports to extract relevant risk and control information for use in reporting and remediation.

• Monitor resolution of all associated internal audit recommendations post audit issues.

• Coordinate the recording of the risk incidents and carrying out the root cause analysis.

• Regularly collate the operational loss data and maintain the database.

• Control Self Assessment (RCSA) Framework Coordinating Risk & across the various departments.

• Ensure sufficient follow through on management actions to mitigate risks identified.

• Champion documentation of interdepartmental SLAs during quality assurance reviews.

• Review key outsourcing arrangements for the company in line with the Regulator outsourcing guidelines.

• Prepare board pack for the management Risk Committee meeting.

• Coordinate Secretarial work for the MRC meetings.

• Prepare any risk reports to any other management committee.