Head of Legal, Risk, and Compliance ( Fresher Insurance Job ) – AAR Health Services (U) Limited

Organization: AAR Health Services (U) Limited (AHSU)

Location: Kampala, Uganda

Department: Risk and Compliance

Reports to: Managing Director

Job Summary: The Head of Legal, Risk, and Compliance will monitor and evaluate day-to-day regulatory compliance, support AHSU in meeting statutory and regulatory requirements, and establish an effective enterprise risk management framework.

Responsibilities:

Compliance:

• Advise on compliance-related legislation affecting AHSU.
• Coordinate the implementation of Insurance Regulatory Authority (IRA) recommendations across the business.
• Maintain an up-to-date inventory of IRA Circulars.
• Monitor compliance with legal and regulatory requirements, identify areas for improvement, and detect significant unlawful practices and compliance breaches.
• Conduct quarterly tests to assess compliance with legal and regulatory requirements.
• Develop and monitor the performance of a compliance plan/programme.
• Assist in filing and monitoring regulatory returns, including IRA and company returns.
• Engage and manage stakeholders, including regulatory bodies, board members, and senior management.

Risk Management:

• Develop and maintain a risk management strategy for AHSU.
• Develop and implement systems, policies, and procedures for the identification, collection, and analysis of risk-related information.
• Conduct comprehensive risk assessments across business and functional areas in line with the risk management framework.

Legal Advisory:

• Review and provide legal advice on contracts, MOUs, and other documents.
• Review and update policy documents or other legal binding documents related to the company’s business.
• Prepare Board reports.
• Provide legal advisory services to senior management and the company at operational and strategic levels.
• Conduct regular assessments of key legal risks and advise on mitigating factors.
• Manage internal and external complaints.
• Provide regular training on legal and regulatory obligations, particularly for employees in high-responsibility or high-risk positions.
• Facilitate confidential reporting by employees for concerns, shortcomings, or potential violations of internal policies, legal or regulatory obligations, or ethical considerations.
• Liaise with all departments to ensure that legal risks are identified and appropriate actions are taken.
• Provide and interpret legal information and disseminate appropriate legal requirements to all departments.
• Review progress of outstanding litigation, manage claims recovery disputes, and liaise with external lawyers.

AML/CFT:

• Analyze anti-money laundering (AML) activities and ensure accurate and timely reporting to the Financial Intelligence Authority.
• Act as the Money Laundering Control Officer for AHSU.
• Conduct investigations on all suspicious transactions.
• Provide AML training for new and ongoing employees.

Feedback, Reporting & Escalation:

• Report and resolve non-compliance with regulatory requirements.
• Immediately report material compliance-related matters to the line manager.
• Prepare weekly, monthly, and quarterly compliance reports as required by the line manager.
• Perform other duties as assigned by the supervisor.

Qualifications:

• University degree in insurance, actuarial science, law, banking, finance, or a relevant discipline.
• Professional diploma in risk management or actuarial science.
• 3 years’ working experience in compliance or a relevant related discipline.
• 4 years’ experience in senior management.
• Proven team player with good interpersonal skills and the ability to build personal and impartial relationships in the workplace.
• Strong communication, presentation, and problem-solving skills.
• Proven leadership skills and result-oriented.
• Demonstrated confidentiality and integrity.

Application Instructions: Interested candidates should send their application letters along with their curriculum vitae to the Head People and Culture at hr.recruitment@aar-insurance.com no later than May 24, 2024, at 1:00 PM. Interviews will be held concurrently, so timely application is recommended.

About AAR Insurance:

• Industry: Insurance
• Location: Kampala, Uganda