Organization Name: Botswana Life (a member of the BIHL Group)

Job Title: Compliance & Legal Manager

Role Purpose:
This is a senior management role responsible for overseeing all compliance and legal matters for the company, providing assurance to the business and advisory services to management.

The role provides assurance to the business with respect to compliance and legal risks by monitoring and ensuring adherence to legal instruments, regulatory requirements, industry standards, and codes of good governance. It also provides legal advisory services, contract management, and oversight of litigation.

Key Responsibilities

Regulatory Compliance: Ensure timely submission of monthly, quarterly, and annual regulatory returns.
Legal Advisory: Draft and review commercial contracts, provide legal guidance to management, and manage litigation with external counsel.
Legislative Monitoring: Assess the impact of changes in legislation and guide the business on implementing necessary controls.
Policy & Framework Development: Develop and monitor the Compliance Risk Management Framework, policies, and procedures.
Compliance Auditing: Develop the compliance audit scope and conduct quarterly audits to assess regulatory adherence.
Training & Awareness: Plan and deliver compliance training and workshops for staff and distribution partners.
AML/CFT Oversight: Develop, maintain, and monitor the implementation of internal AML/CFT compliance programs.
Stakeholder Engagement: Liaise with internal stakeholders (Executive Management, Departments) and external stakeholders (Regulators NBFIRA, FIA, Distribution Partners).
Timeous regulatory returns and submissions.
Legislative reviews, impact assessments, and implementation plans.
Compliance policies, standard operating procedures, and a maintained regulatory universe.
Quarterly compliance audit reports.
Monthly (Exco) and Quarterly (Board & SEM) compliance reports.
Annual training plan and compliance awareness training sessions.
Fully reviewed contracts and a maintained contract repository.

Requirements

Minimum Qualifications: Degree in Law (LLB).
Preferred Qualifications: Professional qualification (AIISA or Postgraduate Diploma in Compliance Management or Financial Intelligence); AML qualification; Compliance Accreditation from a Compliance Institute.
Experience: Minimum of 7 years in the financial services sector, with 5 years in a managerial role.
In-depth knowledge of Financial Services laws governing the Insurance Industry.
Knowledge of Financial Intelligence and AML principles.
Knowledge of Corporate and Board Governance.
Strong communication, influence, advocacy, and stakeholder management skills.