To support and lead under the Compliance Officers areas of responsibility, to operate in accordance
with all applicable laws, regulations, organizational compliance norms, and Munich Re group standards and norms
related to governance, compliance, financial crime, sanctions, and Anti Money Laundering (AML). In some
jurisdictions the Compliance Officer will be registered as such with the Regulator and also assume the regulated
role of MLRO.
To support the General Manager and Senior Management Teams in conducting operations in a compliant way at
all given times through fostering a sound compliance culture, providing suitable and up-to-date compliance norms
based on robust compliance risk identification and assessment, by undertaking effective monitoring, and by
providing adequate and timely training to address all relevant compliance risks and topics. The Compliance Officer
will be the lead advisor on compliance and regulatory matters and when required, support the business in contract
reviews and the development of legal letters and supporting documents.
The role involves developing, implementing, monitoring, and reviewing annual Compliance Plans by undertaking
Annual compliance Maturity Assessments aligned to the principles of Culture, Prevent, Discover, Respond and
Compliance Organization as set out LH2 Compliance Policy.
The Compliance Officer will be responsible for the identification and assessment of all relevant compliance risks
within the assigned entities and for providing suitable and sufficient controls to address those risks.
In addition, the Compliance Officer has a direct reporting line to the General Manager and the Board of Directors
and a functional reporting line Regional Head of Compliance.
The Compliance Officer must work closely with the Head of Compliance and Munich Re Regional Legal
and Compliance Manager Africa & Middle East to ensure all and Munich Re group requirements are taken
into consideration and implemented. The Compliance Officer within is responsible for the implementation,
monitoring and undertaking of internal control functions and as such compliance activities will be subject to
internal reviews.
· All compliance and legal risks, including emerging legal changes will be identified, assessed, monitored, and
controlled to a level accepted by the business and when appropriate, reported accordingly, including to the
Board of Directors.
· An annual Compliance Maturity Assessment will be undertaken and reported, supplemented by the
Governance and Compliance Self-Assessment with all gaps documented, implemented and monitored within
the annual Compliance Plan.
· Compliance incidents and events will be reported (including on BKMS) and the necessary investigations will be
undertaken and reported.
· Training will be conducted for all relevant compliance risks and topics with all training activities adequately
· All compliance norms including Financial Crime and AML will be reviewed and validated at least annually. · The Senior Management Team will be fully supported through the provision of sound advice and where necessary they will be actively challenged when fulfilling their compliance obligations. · All licensing requirements will be met. · will be compliant with all applicable laws and regulatory requirements. · Good relationships will be formed with Regulators.
اطلب مساعدة الخبراء لكتابة سيرة ذاتية مميزة.