Head, Compliance

Responsibilities

• Develop and implement a comprehensive compliance framework aligned with industry regulations and corporate governance standards.
• Monitor and ensure adherence to all relevant laws, regulations, and guidelines set by regulatory authorities (e.g., IFRS, AML/CFT laws).
• Act as the primary liaison with regulatory bodies, responding to inquiries, audits, and regulatory changes.
• Provide strategic advice to senior management and the Board on compliance risks and regulatory developments.
• Identify, assess, and mitigate compliance risks related to insurance operations, underwriting, claims, and sales practices.
• Oversee the development and execution of internal policies and procedures to maintain compliance.
• Conduct regular compliance risk assessments and implement corrective action plans where necessary.
• Ensure the company maintains adequate internal controls to prevent fraud, money laundering, and financial crimes.
• Establish and update compliance policies and procedures to reflect regulatory changes and industry best practices.
• Ensure all business operations comply with ethical and legal standards.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum 10 years of experience in compliance, risk management, or regulatory affairs within the insurance or financial services industry.
• Strong knowledge of insurance regulations, AML/CFT laws, data protection laws, and industry best practices.
• Experience in dealing with regulatory bodies and leading compliance teams.
• Excellent analytical, communication, and leadership skills.