Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in
Mombasa. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest
Composite insurer in East Africa, handling Life, Pensions, General and Medical Insurance. Today, Jubilee is the
number one insurer in East Africa with over 450,000 clients. Jubilee Insurance has a network of offices in Kenya,
Uganda, Tanzania, Burundi. It is the only ISO certified insurance group listed on the three East Africa stock
exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities
Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded
an AA- in Kenya and Uganda, and an A+ in Tanzania. For more information, visit www.JubileeInsurance.com.
We currently have an exciting career opportunity for a Senior Compliance Officer within Jubilee Health
Insurance Limited. The position holder will report to the Manager, Risk, Compliance & Anti Money
Laundering and will be based at our Head Office in Nairob
Role Purpose
The main purpose is to ensure that the organization operates in adherence to legal and regulatory requirements,
industry standards, and internal policies. You will be responsible for establishing and maintaining a robust
compliance program, conducting compliance reviews, and providing guidance to ensure the company’s compliance
with applicable laws and regulations.
Key Responsibilities
Operational
1. Develop and implement a comprehensive compliance program to ensure adherence to applicable laws, regulations,
and industry standards.
2. Monitor regulatory changes and industry developments to assess their impact on the organization and implement
necessary updates to policies and procedures.
3. Conduct regular compliance reviews and assessments to identify gaps, risks, and areas for improvement.
4. Develop and deliver compliance training programs to enhance awareness and understanding of compliance
requirements across the organization including Anti–Money Laundering, Data Protection, and other recommended
by the regulator.
5. Collaborate with internal stakeholders, such as senior management, head of compliance, legal counsel, risk
management, and audit teams, to address compliance issues and develop appropriate solutions.
6. Establish and maintain effective compliance reporting mechanisms, including whistleblower channels, to encourage
reporting of potential compliance violations.
7. Ensure that suspicious transactions are identified and reported immediately to the Money Laundering Reporting
Officer without tipping off.
8. Investigate and respond to compliance incidents, violations, or breaches, ensuring appropriate actions are taken
and corrective measures are implemented.
9. Conduct compliance audits, reviews and monitor the effectiveness of internal controls to mitigate compliance risks
in line with laid down policies, regulations, laws, and best practices within the company.
10. Prepare and submit regulatory reports and filings in a timely and accurate manner.
11. Stay updated on emerging regulatory trends, changes in laws, and industry best practices to ensure ongoing
compliance and recommend necessary actions to senior management.
12. Address employee concerns or questions on legal compliance.
Corporate Governance
1. Stay updated on emerging trends, best practices, and industry benchmarks related to compliance.
2. Adherence to the laws and regulations of Kenya, the policies and regulations within the insurance industry and all
internal company policies and procedures.
3. Ensuring compliance with applicable statutory and regulatory requirements and establishing mitigation measures
against emerging business risks.
Culture
1. Demonstrate continued personal development within the compliance space.
2. Fostering a corporate culture that promotes ethical practices and good corporate citizenship while maintaining a
conducive work environment.
3. Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
4. Individualized Development Planning: Create personalized development plans that align with your career aspirations
and the organization’s objectives.
Laws, Regulations, Company Policies & Regulatory Guidelines: Stay informed about applicable laws and
regulations, including Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws, Data Protection
laws, as well as the Insurance law; Ensure that your actions and activities align with these legal requirements;
Understand and adhere to internal company policies, processes, and procedures; Promptly report any instances of
non-compliance to management and the designated compliance officer; Take proactive measures to mitigate
compliance risks within your role and department; Participate in training programs and awareness sessions
organized by the company to enhance your understanding of compliance requirements.
Key Skills and Competencies
1. Regulatory Knowledge: In-depth understanding of insurance laws, regulations, and industry compliance
requirements.
2. Analytical Thinking: Strong analytical skills to assess compliance risks, conduct reviews, and develop effective
solutions.
3. Attention to Detail: Thoroughness and accuracy in reviewing policies, procedures, and regulatory requirements.
4. Problem-Solving: Ability to identify and address compliance issues, violations, and breaches in a timely and effective
manner.
5. Communication Skills: Excellent verbal and written communication skills to provide guidance and training on
compliance matters and interact with stakeholders at all levels.
6. Collaboration: Ability to collaborate with cross-functional teams and build effective working relationships to address
compliance challenges.
7. Ethical Conduct: Commitment to ethical conduct and high standards of integrity in all compliance-related activities.
8. Continuous Learning: Proactive attitude towards staying updated on regulatory changes and industry best practices.
Qualifications
1. Bachelor’s degree in business administration, Finance, or Law.
2. Professional qualification from International Compliance Association or Association of Certified Anti Money
Laundering
Relevant Experience
Minimum of 5 years working experience in a compliance/audit environment within the financial services industry,
preferably in the insurance or banking industry.
If you are qualified and seeking an exciting new challenge, please apply via [email protected] quoting the Job Reference Number and Position by 24th July 2024
Only shortlisted candidates will be contacted.
