Compliance and data protection at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Compliance and data protection at Old Mutual Insurance Rwanda: (Deadline 23 December 2022)

Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Job Summary

The role holder will be responsible for embedding the Compliance Framework within the Business and the management and implementation of required legislative / regulatory compliance risk measures in line with the approved Regulatory Compliance Risk Policy. The role holder will be responsible for ensuring compliance with AML/CTF, Data Protection and Privacy laws and other Key Regulatory requirements as outlined by the regulator.

Key tasks and responsibilities

1. Ensure that the Compliance management framework and system is appropriately rolled-out across the Business, ensuring appropriate processes are implemented for identifying, assessing, monitoring, managing and reporting on material compliance-related risks exposure, incidents to the business. Ensure Compliance to the approved Regulatory Compliance Policy
2. Establish and maintain the regulatory universe for the entity.
3. Ensure that appropriate processes are in place to assess the adequacy and effectiveness of operational compliance controls and that appropriate management actions are in place to address any regulatory risks or exposures. Ensure that Management has effective processes controls in place for the identification of regulatory changes and the implementation of processes and controls in response to these changes.
4. Advise the business on the design and implementation of compliance controls and related mitigation processes, projects and change programmes.
5. Coordinate engagement and communication between the entity and the relevant regulators, ensuring that appropriate controls and processes are in place to effectively manage all regulatory interaction applicable to the function and be aware of key issues and concerns raised by regulators, while coordinating regulatory interaction where necessary.
6. Oversee and/or facilitate effective processes to ensure the timely submission of all regulatory applications and returns by the business.
7. Ensure that an appropriate Compliance Monitoring plan is developed and approved by the relevant Board of Directors annually and monitor the execution of the plan throughout the year.
8. Ensure that the Business processes personal data of its staff, customers, providers or any other individuals (also referred to as data subjects) in compliance with the applicable data protection Laws, Regulations and Policy requirements.
9. Driving implementation of essential elements of Data Protection and Privacy, such as the principles of data processing, data subjects’ rights, data protection by design and by default, records of processing activities, security of processing, and notification and communication of data breaches.
10. Ensuring adequate Compliance Training and Awareness is provided across the Business.
11. Monitoring compliance with the Data Protection laws as outlined by the regulator.
12. Report or facilitate the reporting to the relevant Board and Managing Executives on:

• The compliance risks to the business and on material compliance issues, including the outcome of regulatory visits, control breaks, breaches, exposures and mitigating management actions.
• The extent to which the business is ready to comply with new or emerging laws and regulations.
• The level of progress with the delivery of the annual Compliance monitoring plan and the adequacy of resources for the Compliance Function.

Qualifications and experience

• Bachelor’s degree in ICT, Law, Business Administration or any other Business-related.
• 4+ years’ work experience.

Skills and competencies

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks, and output quality
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.
• Legal risk assessments and analysis

Please visit our careers page through this LINK

Interested candidate are requested submit their applications by 12.00 a.m. 23^rd December 2022.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application.

ONLY short-listed candidates will be contacted.

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