RISK, COMPLIANCE AND INSURANCE MANAGER – Diamond Trading Company Botswana (DTCB) 169 views

An exciting opportunity exists for you to be a part of the Diamond Trading Company Botswana (DTCB) team to implement its 2026 Strategy. If you are motivated and inspired by a transformation journey to unlock diamond value, DTCB offers you the chance to be a part of this journey towards a high performing organization.

• RISK, COMPLIANCE AND INSURANCE MANAGER

Main Purpose of the job:
We are looking for a versatile, driven, and dynamic individual to join our team as Risk, Compliance and Insurance Manager. The individual will develop, execute and coordinate the implementation of the company’s risk management and compliance framework.

Key Activities:

• Provides guidance in the identification, assessment, monitoring and mitigation of risks and reports formulations (risk logs) to ensure uniformity in terms of interpretation and application of the risk management guiding principles.
• Coordinates project risk assessments by ensuring risks in respect of new projects that are identified, evaluated, mitigated, monitored, and reported and carry out a cost-benefit analysis of insurance.
• Researches and analyses regional and global events which impact on the risk management and recommends appropriate action.
• Promotes risk awareness across the company by educating staff and providing guidance as and when new risk management controls are put in place.
• Formulates a robust risk management framework and process that is supported by clearly defined guidelines and procedures to ensure the successful delivery of effective risk management across business units.
• Advises the Board of Directors, Senior Management and DTCB employees of emerging risks.
• Prepares risk reports for GRC, The Board and Audit Committee meetings.
• Guides the business units during the production of insurance data to prevent possible under-insurance leading to protracted claims negotiations or outright rejection of the loss or conversely, over-insurance culminating in high premiums due to unnecessary cover.
• Prepares insurance budgets for the short term and long-term insurance covers.
• Engages with Brokers and Insurers and Internal
Stakeholders to ensure the company has the right insurance covers in place.
Develops and maintains the Business Continuity Management Strategy, Methodology, and approach to ensure that the company recovers its business/operations after a disaster.
Coordinates the process of ensuring that all the departmental business continuity plans are reviewed and signed off.
Develops, initiates and revises policies, procedures, processes and methodologies for the general operation of the compliance programme and its related activities to prevent illegal, unethical or improper conduct.
Collaborates with the business in planning and conducting compliance inspections with the intent of assessing compliance with applicable laws and policies.
Ensures compliance with company statutory/ regulatory requirements by notifying the business on changes or new legislature published through the Government Gazette.
Implements a legal and non-legal compliance assessment methodology.
Appointed as the Money Laundering Compliance Officer as per requirements of the Financial Intelligence Act 2022 including fulfilment of all stated responsibilities.
Develop and maintain anti-money laundering, counter terrorist financing policy and internal procedures in line with local laws and regulations.
Establishes and maintains effective relationships with all key stakeholders and partners (internal and external) to ensure achievement of business objectives.
Coordinates the safety, health, and environment programme in area of responsibility.
• Manages/implements knowledge management principles through application of tools and methodologies to continuously improve and sustain business performance.
• Carry out insurance claims process and ensure claims are processed timely.

Behavioural or Technical Competencies:
• Excellent Risk Management principles and practices.
• Extensive knowledge and understanding of local laws and regulations.
• Experience in developing and implementing risk and compliance policies and procedures.
• Strong health and safety principles and practices.
• Strong presentation and facilitation skills.
• Strong analytical and problem-solving skills.
• Excellent interpersonal and communication skills.
• Sound safety, health and environment practices.
• Ethical conduct in accordance with recognized professional and organizational codes of ethics.
• Must be self-starter and have the ability to work with minimal supervision.

Minimum Requirements:
• A minimum of Degree in Risk Management, or related qualification.
• Minimum of 5 years’ experience at management level in a Risk Management, Insurance and Compliance/ Regulatory environment.
• Certificate of Proficiency in Insurance (COP).
• Certified Anti-Money laundering specialist (ACAMS).