Risk & Compliance Officer, GK Life

Summary

GraceKennedy Financial Group is seeking a Risk & Compliance Officer for GK Life, responsible for managing enterprise risk, ensuring regulatory compliance, and driving dynamic policy and procedure improvements to safeguard and enhance the organization’s operations across all territories.

Responsibilities

• Enterprise Risk:

  • • Monitoring and updating policies and procedures for risk measures in GK Life.
  • • Assist in monitoring the risk register and identifying potential changes in the environment affecting the segment.
  • • Ensuring risk registers align with key business objectives.
  • • Providing support to risk owners in defining and rating risks.
  • • Conducting risk assessments for all countries of operation, recommending control changes.
  • • Drafting and reporting on risk assessments, trends, and control weaknesses to the Management Committee.
  • • Attending and presenting at board and committee meetings.
  • • Conducting self-audits to ensure adequate controls and compliance with policies and procedures.
  • • Assisting in annual business continuity planning (BCP) activities, including risk assessment, business impact analysis, and testing exercises.
  • • Assessing and reviewing scripts for UATs in key projects and initiatives.

• Compliance:

  • • Developing and updating policies, procedures, and programmes related to Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) compliance.
  • • Developing and revising the compliance matrices, programmes and policies to reflect changes in the organization’s needs, laws, regulations, and procedures related to compliance issues, at least annually, or sooner where required.
  • • Monitoring and testing, on an ongoing basis, the effectiveness of the compliance programmes and the taking of the required corrective actions when and where required
  • • Ensuring the completion and timely submission of all regulatory reports to the responsible bodies within the respective territories.
  • • Conducting testing of new policies opened and pre-existing policies to ensure they are opened and maintained in accordance with the established policies and laws.
  • • Reporting to the Boards of Directors, at least quarterly, on the compliance programme of the businesses.
  • • Ensuring the annual independent audit of the AML/CFT/CPF compliance programme for each business is conducted.

Required Skills

• • Strong working knowledge with understanding and interpreting legislation
• • Knowledge of the Regulations and Acts governing the Financial Services industry
• • Knowledge of the various regulations governing AMLA/CFT/CPF
• • Global and deep knowledge of the Financial Services industry
• • Ability to facilitate the identification and mitigation of enterprise risk for a group of regulated companies
• • Knowledge of Microsoft Office suite e.g. WORD, EXCEL, POWERPOINT
• • Strong understanding of the use of information technology and the operation environment in financial institutions
• • Strong communication and presentation skills
• • Ability to develop policy and procedure documentation
• • Excellent interpersonal and analytical skills
• • Ability to maintain a high level of integrity and confidentiality
• • Ability to work in a high-paced environment

Qualifications

• • Bachelor’s Degree in Risk Management, Accounts, Finance
• • Anti-money laundering and risk management certifications would be an asset
• • Three (3) years’ experience in a similar capacity

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