Risk & Compliance Senior Officer at Prime Life Insurance Limited: (Deadline 15 January 2023)
1. Background
Prime Life Insurance Ltd is an Insurance Company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR). The Company is seeking to recruit a highly-skilled, self-motivated, and experienced person to fill the following posts:
2. Risk & Compliance Senior Officer
Key roles & responsibilities
Under the supervision of the Chief Executive Officer and the Risk, Ethics, Compliance, and Investment Committee; the Risk & Compliance Senior Officer shall have the following key roles and responsibilities:
- Use suitable processes and tools for identifying, assessing, monitoring, managing, and reporting on risks;
- Regular reviews of the risk management system and implementation of corrective or additional measures if necessary;
- Evaluate the company’s capacity to absorb risk given the nature, probability, and impact of identified risks;
- Identify and manage risks arising from the internal and external environments;
- Develop a risk register and put in place a management measure to mitigate those risks identified;
- Identify, assess, monitor, and control foreseeable material risks at both an individual and aggregate level;
- Communicate to the management and Board of Directors the probability, impact, and time horizon of such risks identified;
- Maintain an aggregate view of the company’s risk profile;
• Assess the key compliance risks and steps being taken to address them; - Assess how various business units or departments are performing against compliance standards;
- Identify compliance issues involving management or persons with key responsibilities within the insurer;
- Follow up on material instances of non-compliance and any associated investigations;
- Follow up on fines or disciplinary actions taken by the Central Bank or any other regulatory authority in respect of the insurer or any employee.
Required Skills & Qualities
- Excellent Organizational Skills
- Proficient Communication Skills
- Effective Problem-solving
- Assessment & Interpretation
- Critical Thinking Ability
- Creativity
- Integrity
- Strong People Skills
- Up-to-date Knowledge of Business technology and IT
- Sound Understanding of Regulatory Guidelines and other Policies
- Fluent in English, French, and Kinyarwanda.
Education & Experience
Master’s degree in risk management, actuarial science, finance, accounting, economics, or related field with;
A minimum of consecutive six (6) years working in risk management in insurance or reinsurance companies or similar institutions of which two (2) have been passed in a managerial position
Job application procedure
- Application letter addressed to Chief Executive Officer,
- Recent Curriculum Vitae (CV) with proven work Experience,
- Education certificates,
- A copy of National Identification;
- Three referees.
Please send your application to life.recruitment@prime.rw in one document.
The deadline for submitting applications is January 15th, 2023 at 5 pm local time.
Innocent HABARUREMA
Chief Executive Officer
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