Job Title: Underwriting Assistant (Fresher Jobs) Organisation: Britam Asset Managers…
Entry Level Risk & Compliance Officer Jobs – Britam Asset Managers Company (Uganda)
Job Title: Risk & Compliance Officer (Fresher Jobs)
Organisation: Britam Asset Managers Company (Uganda)
Duty Station: Kampala, Uganda
About the Company:
Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the East African region and offers a wide range of financial products and services in Insurance, Asset Management, Banking and Property. The product range includes life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, property development and private equity.
Job Summary: This role will support the development, implementation, and monitoring of risk management and compliance frameworks within our life assurance operations. The ideal candidate will be passionate about ensuring adherence to regulatory standards and fostering a culture of compliance.
Key Duties and Responsibilities:
- Assist in the identification and assessment of risks associated with business operations.
- Support the development and implementation of risk management policies and procedures.
- Monitor compliance with regulatory requirements and internal policies.
- Conduct regular audits and reviews to ensure compliance and risk mitigation.
- Ensure there are risk registers maintained for Segment / Business Unit that comprises key potential risks facing the BU and that the risk register contains the corresponding risk indicators Assist in training staff on compliance and risk management practices.
- Collaborate with various departments to promote a culture of compliance and risk awareness.
- Stay updated on relevant laws and regulations affecting the life assurance industry in Uganda.
- Support in the development of a Business Continuity Policy, Strategy and BCP & DR Plans and ensure roll out across the entire Britam Group.
- Support and monitor testing of the Business Continuity Plans and provide appropriate status reports to the Board and Management.
- Perform any other duties as may be assigned from time to time.
- Coordinate and improve risk management within departments.
- Review all internal & external audit reports to extract relevant risk and control information for use in reporting and remediation.
- Monitor resolution of all associated internal audit recommendations post audit issues.
- Coordinate the recording of the risk incidents and carrying out the root cause analysis.
- Regularly collate the operational loss data and maintain the database.
- Control Self Assessment (RCSA) Framework Coordinating Risk & across the various departments.
- Ensure sufficient follow through on management actions to mitigate risks identified.
- Champion documentation of interdepartmental SLAs during quality assurance reviews.
- Review key outsourcing arrangements for the company in line with the Regulator outsourcing guidelines.
- Prepare board pack for the management Risk Committee meeting.
- Coordinate Secretarial work for the MRC meetings.
- Prepare any risk reports to any other management committee.
Qualifications, Skills and Experience:
- Bachelor’s Degree in Finance, Business Administration or a related field is required.
- 2-3 years’ work experience in the risk and compliance field.
- Accreditations in Risk Management would be an added advantage.
Technical/ Functional competencies:
- Knowledge of the insurance industry and regulatory environment in Uganda.
- Familiarity with risk management frameworks and compliance standards.
- Previous internship or work experience in a related field is a plus but not required.
How to Apply:
All candidates should apply online at the link below.
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