Risk and Compliance Officer job at Sanlam Life Insurance Zambia Limited
Website :
393 Days Ago
Linkedid Twitter Share on facebook

Vacancy title:
Risk and Compliance Officer

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Management ]

Jobs at:

Sanlam Life Insurance Zambia Limited

Deadline of this Job:
Thursday, June 01 2023 

Duty Station:
Within Zambia , Lusaka, South - Central Africa

Date Posted: Friday, May 26 2023, Base Salary: Not Disclosed

Similar Jobs in Zambia
Learn more about Sanlam Life Insurance Zambia Limited
Sanlam Life Insurance Zambia Limited jobs in Zambia

We’re in the business of planning for tomorrow. The never-ending pursuit of meticulously crafting our clients’ futures. We do this by truly appreciating the value of money and turning the materials we’re given into something more. It’s our trade and it is something we are passionate about. It’s what makes us Live with Confidence. Sanlam Life Insurance Zambia Limited seeks to recruit qualified and experienced professionals to fill in the position of Risk and Compliance Officer.

Job Summary
Reporting to the Assistant Manager-Risk and Compliance, the Risk and Compliance Officer will be responsible for assisting to ensure a strong internal control environment through monitoring compliance to policies and standard operating procedures. The position will work closely with the Assistant Manager to foster Sanlam’s full governance, compliance and assurance portfolio and collaborate with business units as well as internal and external stakeholders to ensure consistency with the business strategy.

Purpose of the role
1. To assist in operationalizing the enterprise-wide risk management framework and conducting ongoing compliance monitoring as per annual compliance plan.
2. Assist with performing risk assessment, testing, monitoring and manage reporting processes within the broader context of the company’s regulatory requirements, policies, processes, regulations and rules.
3. Assist in driving compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) policies and guidelines through analysis and Quality Assurance checks.
4. Coordinate incident reporting procedures by conducting investigations and recommending mitigating controls to minimize operational risks.
5. Assist with risk Register internal controls reviews.
6. Assist with monitoring customer screening alerts and conducting enhanced due diligence.
7. Assist with suspicious transaction monitoring, drafting and filling of Suspicious Activity Reports (SARs) in line with the FIC reporting guidelines as well as the PIA guidelines.
8. Track overdue open audit findings and assist with follow ups to ensure timely closure.
9. Providing support to the Departmental Risk Reporting Champions with compliance related matters.
10. Assist with process reviews to ensure operational efficiency and cost effectiveness.
11. Participate in fraud prevention awareness activities including trainings.
12. Coordinate the documentation and review of Key Risk Indicators.
13. Conduct due diligence on monthly new business and claims.
14. Assist in preparation of monthly and quarterly risk and compliance reports.
15. Stay abreast of changing regulations that impact Sanlam business to continuously evolve best-in-class review processes, policies and procedures.

16. Conduct branch inspections to ensure compliance with regulatory standards and internal operating procedures.

Minimum qualifications and experience

1. Full Grade 12 certificate (or equivalent)
2. Bachelor’s Degree or Professional Qualification equivalent to a degree in Business/Accounting/Insurance/Economics/Internal Audit or related fields.
3. Minimum of two (2) year’s relevant experience in financial services sector
4. Conversant with Pensions and Insurance (PIA) regulatory environment.
5. Computer knowledge-Microsoft office package
6. Strong oral and written communication skills
7. Strong investigative skills
8. Adaptable to working in a fast-paced, ever-changing environment.
9. Excellent organizational and interpersonal skills
10. Striving for continuous improvement and optimization
11. Must be flexible to travel at short notice.

Work Hours: 8

Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure
Interested candidates who meet the minimum qualifications should apply to the Head of Human Capital, Sanlam Life Insurance Zambia Limited, Zenera House, Corner Lagos and Lubuto Roads P.O. Box 31991, Lusaka Zambia or email to vacancies@sanlam.co.zm  not later than 2nd June 2023.

Only shortlisted candidates will be contacted.

All Jobs


Job Info
Job Category: Administrative jobs in Zambia
Job Type: Full-time
Deadline of this Job: June 2, 2023
Duty Station: lusaka
Posted: 26-05-2023
No of Jobs: 1
Start Publishing: 26-05-2023
Stop Publishing (Put date of 2030): 30-05-2066
Apply Now
Notification Board

Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.

Caution: Never Pay Money in a Recruitment Process.

Some smart scams can trick you into paying for Psychometric Tests.