Job Vacancy UAP Old Mutual Tanzania: Risk & Compliance Officer (OMAO)

 

UAP Old Mutual Group

UAP Insurance Tanzania is a member of the UAP Old Mutual Group in East Africa, which is a subsidiary of Old Mutual Limited (OML). UAP Insurance has been in operations in Tanzania since 2013 following the acquisition of the majority stake in Century Insurance Company.
We are proud of our contribution in the growth of the Insurance Industry and our commitment is to enable our customers achieve their financial goals through the provision of innovative insurance solutions.

UAP Insurance Tanzania contributes to the communities that we operate in through CSR activities in education, health and social welfare and participates in industry initiatives aimed at improving financial literacy and inclusiveness in the country.
The Company operates a large footprint in the country with offices in all major cities and now wishes to recruit a high caliber individual to fill the following position below...

Risk & Compliance Officer (OMAO)
Position: Risk & Compliance Officer (OMAO)
Your time is now to be your exceptional best at Old Mutual!

Job Description
This role is individually accountable for assisting the BU in establishing and embedding a culture of compliance as well as ensuring that risk processes are implemented at BU level. The individually is accountable for achieving results through own efforts over periods of up to 3 months

1. Challenges risk management information received from reporting entities
2. Ensures risk processes (risk assessment, identification, management, reporting and optimization) are occurring at BU level
3. Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues
4. Provides oversight for risk management activities ensuring Group Risk Policy statements are met
5. Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures
6. Ensures compliance by the BU with applicable legislation by means of the implementation of compliance risk management and monitoring plans
7. Ensures monthly risk control logs are updated and follows up with various Line Managers
8. Performs quarterly compliance audits on processes
9. Performs monthly quality assurance audits on claims processes
10. Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem
11. Reports compliance breaches to management on a monthly/quarterly basis
12. Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate noncompliance with legislation and regulation

Skills

• Accountable, Auditing, Audits Compliance, Compliance Risk Management, People Management, Risk Compliance, Risk Control, Risk Management, Standard Operating Procedures (SOPs)

Education

• Bachelors Degree (B): Accounting Finance (Required)

Closing Date:
The deadline for submitting the application is 02 June 2022.

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