Risk & Compliance Officer at African Reinsurance Corporation (Africa Re)

The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest re-insurer in Africa and the Middle East in terms of net reinsurance written premiums.

We are recruiting to fill the position below:

Job Position: Risk & Compliance Officer
Job Location: Head Office, Lagos
Job Type: Full Time

Responsibilities

• The successful candidate shall support in the Department in risk management & compliance processes.

Duties/Job Details
The duties of the Risk & Compliance Officer shall comprise amongst others the following:

• Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
• Support the Risk & Compliance department in the periodic risk management process
• Update and manage the Corporation’s risk software
• Support in analyzing data and assumptions to be used in risk and capital modelling
• Monitor risk exposures and compliance with risk policies
• Liaise with business units to obtain KYC information on existing and new clients as well as performing due diligence on such clients
• Manage business continuity plans
• Generate and prepare risk reports
• Support in enterprise-wide risk sensitization and communication
• Support in coordinating rating exercises

Minimum Qualifications And Experience

• First University Degree in relevant fields (Finance, Accounting, Risk Management, Actuarial Science);
• 4-5 Years of experience in risk Management & compliance role;
• Relevant work experience in the Insurance and/or Reinsurance industry will be an added advantage.

Main Competencies Required For This Position:

• Sound knowledge in data analysis and interpretation of financial statements;
• Very high numerical and analytical skills;
• Sound knowledge of the financial services industry;
• Very good reporting skills;
• Excellent communication and presentation skills, as well as proven writing and reporting skills;
• Ability to multitask and learnt fast;
• Very high integrity and good sense of responsibility;
• Good interpersonal skills;
• Advanced level of proficiency in Microsoft Excel tool and excellent skills in other MS Office applications (Word, Access, PowerPoint).

Additional Requirements For Candidates For This Position
Applicants must also be:

• Fluent in English, working knowledge of French will be an added advantage;
• Nationals of Members state of Africa-Re
• Not more than 35 years old

Salary and Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Grade Level SS3
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and family;
• Housing Allowance
• Transport Allowance
• Inflation Adjustment