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:

2. 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.

3. 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.

4. 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.

5. 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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