JOB OPPORTUNITIES: Head Risk & Compliance at Prime Insurance Ltd: (Deadline 16 June 2022)

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Head Risk & Compliance at Prime Insurance Ltd: (Deadline 16 June 2022)

Job Vacancy HEAD RISK & COMPLIANCE 

  1.  BACKGROUND

Prime Insurance Limited is an insurance company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR).

The Company is seeking to recruit a highly skilled, self- motivated and experienced person to fill the following post:

  1. KEY ROLES & RESPONSIBILITIES

Under the supervision of Chief Executive Officer and the Risk Management, Ethics and Compliance Committee the Head Risk & Compliance shall have the following key roles and responsibilities:

  • Use suitable processes and tools for identifying, assessing, monitoring, managing and reporting on risks;
  • Regular reviews of the risk management system and implementation of corrective or additional measures if necessary;
  • Evaluate the company’s capacity to absorb risk given the nature, probability and impact of identified risks;
  • Identify and manage risks arising from the internal and external environments;
  • Develop a risk register and put in place a management measure to mitigate those risks identified;
  • Identify, assess, monitor, and control foreseeable material risks at both an individual and aggregate level;
  • Communicate to the management and Board of Directors the probability, impact and time horizon of such risks identified;
  • Maintain an aggregate view of the company’s risk profile;
  • Assess the key compliance risks and steps being taken to address them;
  • Assess how various business units or departments are performing against compliance standards;
  • Identify compliance issues involving management or persons with key responsibilities within the insurer;
  • Follow up on material instances of non-compliance and any associated investigations;
  • Follow up on fines or disciplinary actions taken by the Central Bank or any other regulatory authority in respect of the insurer or any employee.
  1. Required Skills & Qualities
  • Excellent Organizational Skills
  • Proficient Communication Skills
  • Effective Problem-solving
  • Assessment & Interpretation
  • Critical Thinking Ability
  • Creativity
  • Integrity
  • Strong People Skills
  • Up-to-date Knowledge of Business technology and IT
  • Sound Understanding of Regulatory Guidelines and other Policies
  • Fluent in English, French, and Kinyarwanda.
  • Rwandan Nationals of age between 35-50 years are only eligible Candidates.
  1. Education & Experience
  • Master’s degree in risk management, actuarial science, finance, accounting, economics or related field with;
  • Having completed CPA, ACCA or any other related professional qualification;
  • A minimum of consecutive six (6) years working in risk management in insurance or reinsurance companies or similar institutions of which 3 have been passed in managerial position.
  1. APPLICATION PROCEDURE
  • Application letter addressed to Chief Executive Officer,
  • Recent Curriculum Vitae (CV) with proven work Experience,
  • Notarized education certificates,
  • A copy of National Identification;
  • Three referees.

Please send your application on hrm@prime.rw

The deadline for submitting applications is June 16th, 2022 at 5pm local time.

NB:  Only shortlisted candidates will be contacted.

Chief Executive Officer.

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