JOB ADVERTISEMENT

Job position: Risks & Compliance Manager.

Introduction

Mayfair Insurance Company Rwanda Ltd is a General insurance company providing various general insurance products in Rwanda since May 201. It is regulated by the National Bank of Rwanda and since inception the company has been on an upward trend, experiencing phenominal steady growth both on the turnover and profitability. Mayfair Insurance Company Rwanda Ltd belongs to a network of Mayfair insurance companies operating in Kenya (since 2005), Zambia (since 2010), Tanzania (since 2016), Uganda (since 2017) and soon in DRC.

The Head-office of Mayfair Insurance is located in Makuza Peace Plaza, 2^nd Floor.

Job Purpose Statement

The Risks and Compliance Manager will be responsible and accountable for ensuring the effectiveness of comprehensive Risks and compliance functions within the company.

Key Responsibilities

1. Risks Management responsibilities

• Risks and compliance managers shall assess the company’s capacity to absorb insurable risks given their nature, probability, and impact.
• She /He shall assess and report to the Board risks arising from the internal and external environments as well as risks arising from remuneration and incentive structures.
• She/he shall ensure the implementation of an effective risk management system within the company that are adequate to the nature, scale, and complexity of Mayfair Insurance Company Rwanda businesses.

2. Compliance responsibilities

Risks and Compliance Manager shall contribute to the establishment and implementation of appropriate mechanisms of compliance to:

• Promote an ethical corporate culture, including managing the implementation of and compliance with Mayfair Insurance Company Rwanda’s code of conduct and code of ethics;
• Ensure Mayfair Insurance Company Rwanda policies and controls in respect of legal, regulatory and ethical obligations are in place and are effectively implemented;

• Organize regular training on key legal and regulatory obligations for employees;

• Facilitate confidential reporting by employees of concerns, potential or actual violations (whistle-blowing), ensuring the protection of such employees from retaliation;

• Address compliance shortcoming and violations, including proposing any disciplinary actions by the Management or/and the Board;

• Ensure full compliance with taxes laws, BNR regulations, RSSB laws, Special Guarantee Fund laws, CRB requirements, and other laws;

• Follow up on the implementation of shareholders and Board resolutions.

Reports to:

         MD & Board.

Requirements for the Role:

A. Educational Qualifications:

The Risks and Compliance Manager must have:

1° at least a master’s degree in risk management, actuarial science, finance, accounting, economics or related field with;

2° at least 6 years working in risk management in insurance or reinsurance companies.

B. Job-related experience:

• At least 3 years’ experience in similar institutions to insurance and reinsurance passed in a managerial position.

C. Technical skills:

• Adequate working knowledge of risks management, laws and insurance regulations;
• Excellent computer skills including word processing, Excel and Power-point;
• Excellent ability to prepare concise report in English and present it to the Board and management;
• Ability to work with a variety of personnel;
• Ability to remain independent from other functions within the organization;
• Good verbal and written communication skills in English and Kinyarwanda; basic French knowledge would be a plus;
• Ability to work independently with minimal close-support from the Managing Director.

D. Required documents

• Application letter addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd;
• Updated signed CV;
• Academic documents;
• Professional course progress report or certificate;
• Copy of national ID card/passport.

The application addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd shall be submitted at the head-office of Managing Director of Mayfair Insurance Company Rwanda Ltd located in the building Makuza Peace Plaza, 2^nd Floor, not later than 2^nd March 2020 at 5h:00 PM (Local time).

NB:

1. Only shortlisted candidates will be contacted.
2. The successful candidate will be required to bring more required documents for her/his approval by the National Bank of Rwanda.

Done at Kigali, on 10^th February 2020.

MUHIMUZI Mugisha Daniel

Managing Director.