Organization Name: Botswana Life. Role Purpose: This is an operational role focused on assisting with the monitoring and implementation of risk and compliance initiatives across business units. Assists in monitoring and ensuring adherence to risk and compliance initiatives within Botswana Life business units, in line with the Risk & Compliance Management Framework. This involves monitoring compliance, providing support to distribution partners, and assisting with regulatory requirements.
Key Responsibilities
- Compliance Auditing: Conduct quarterly departmental compliance audits and monitor the implementation of recommendations.
- Framework Implementation: Implement and monitor the ERM & Compliance management framework, including AML/CFT.
- Regulatory Reporting: Prepare and submit periodic monthly, quarterly, and annual regulatory reports and returns (incl. CTR, STR to FIA).
- Legislative Analysis: Conduct impact assessments of legislative changes.
- Training & Awareness: Prepare, plan, and conduct ongoing training and awareness for staff and stakeholders.
- Regulatory Queries: Coordinate the resolution of queries from regulators like NBFIRA and FIA.
- Vetting: Conduct Fit and Proper assessments and vetting for new corporate agencies and brokers.
- Risk Assessment: Conduct periodic risk assessments to identify business risk exposures.
Requirements
- Minimum Qualifications: Bachelor’s Degree in Risk, Insurance, Finance, Business, Economics, or Law.
- Preferred Qualifications: Long-term Certificate of Proficiency in Insurance; any other compliance or risk-related qualification.
- Experience: 3 years’ experience with thorough knowledge of insurance regulatory requirements.
- Insurance Industry knowledge.
- Familiarity with Prudential Rules and other regulatory requirements.
- Understanding of compliance risk management.
- Strong interpersonal, analytical, administrative, and communication skills.
- Ability to multi-task, work under pressure, and adhere to deadlines.
How to Apply
(Note: No application emails or deadline dates are provided in the image.)