Compliance Officer in Lagos

American International Insurance Company (AIICO) Plc - As an insurance company, AIICO's goal is to be the insurer of choice and the leading insurance company in Nigeriaproviding life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria.

AIICO is the market leader in Retail Life insurance and retirement services and is a market leader in Non-Life insurance in Nigeria. The core insurance franchise is complemented by our leading insurance asset management, and health management businesses.AIICO also owns valuable financial and strategic assets including a controlling stake in Multishield Limited, and a 19% stake in Healthcare International Limited (both healthcare management organizations (“HMOs”)), and AIICO Capital Limited (an asset management wholly-owned subsidiary).

We are recruiting to fill the position below:

Job Title: Compliance Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

• Staying abreast of the regulatory environment to obtain and decipher extant and evolving laws, regulations and/or guidelines to the businesses applicable to the business.
• Managing compliance in the organisation to the extent of reviewing, interpreting, and communicating relevant regulations to enable the company and its employees to operate in compliance with relevant regulatory obligations, guiding our industry and are not found culpable for breaches.
• Providing corrective advisory for identified potential vulnerable areas of compliance risk and for the resolution of problematic issues, as well as providing general guidance on how to avoid or deal with similar situations in the future.
• Developing and periodically reviewing, updating and disseminating the relevant policies dashboard and/or report templates to the business owners to ensure conformity with current regulatory requirements.
• Conducting regular compliance gap analyses to identify the compliance level of the organisation and communicating findings to process owners for resolution.
• Coordinating, supervising, reviewing and evaluating the activities of the SDOs in respect to their assigned compliance obligations to assist them in remaining abreast of requirements, trends and ensure that compliance issues/concerns within the organization are appropriately managed.
• Liaising with the Learning & Development Unit to develop and implement effective company-wide AML/CFT/CPF training programmes, including appropriate on-boarding presentations for new employees.
• Providing regular management reports, and as directed or requested, to keep the Board and Senior Management informed of the operations and progress of all compliance efforts, achievements, and concerns.
• Acting as the principal point of contact between the company and regulatory agencies and responding to all government investigations, enquiries and authorized requests on issues relating to regulatory compliance.
• Representing the company, alongside other internal stakeholders, in the Risk, Audit & Compliance Committee of the Nigeria Insurers Association
• Coordinating and ensuring that all relevant returns to the various regulatory and other relevant government agencies, like NAICOM, SEC, NSE, NFIU, CAC, FRC, etc. are submitted/rendered.
• Ensuring queries from these agencies, where applicable, are responded to in a timely manner.
• Working with other departments to ensure that compliance issues are fleshed out, investigated, and resolved

Requirements

• Candidates should possess an HND / B.Sc. / B.A. Degree.
• Membership of CIN, ACAMS [as an added advantage with 3 – 4 years as a Compliance Officer in an insurance company.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: [Email hidden - Login to reveal] using "Compliance Officer" as the subject of the email.