Business Assurance Manager at Hollard Insurance

Job Advert Summary    

• An Exciting new opportunity has become available within Hollard Group Risk. We are looking to recruit a Business Assurance Manager

KEY OUTPUTS:

• Management of the team
• Ensure that the legal, risk and compliance team are aware of their specific roles and responsibilities
• Assist with the development plan for each member of the legal, risk and compliance team
• Provide guidance and ensure there is a skill transfer within the legal, risk and compliance team
• Policy wording and Communication templates
• Assist with maintaining and drafting of all policy documentation (HGR, partner and new partners): -Master policies, Policy schedules and Policy endorsements
•  Review communication templates, forms, and disclosures:
• Internal and external communication i.e., letters, fact sheets, forms
• Disclosure documents to ensure compliance with relevant legislation
• Assist with member communication and partner communication
• Compliance Processes (ex gratia, complaints, intermediary accreditation, FICA)
• Ensure that the various processes are aligned with the required legislative and regulatory requirements
• Assist with providing legal, risk and compliance support on any queries relating to these processes
• Assist with reviewing legal responses that are required for complaints and FICA
• Intermediary and partners
• Ensure sufficient oversight over partners and intermediaries
• Engage with partners on any compliance issues that may arise
• Assist with process changes required with the implementation of legislative and regulatory requirements
• Ensure important changes are communicated to partners and intermediaries
• Legal Agreement and Opinions
• Assist business with drafting of legal agreements
•  Assist with negotiating clauses in legal agreements to ensure the best outcome for HGR
• Provide legal opinions to business
• Governance and Forensics
• Assist with developing and implementing a governance framework (structure, committee terms of reference) in HGR
• Assist in engagement on forensics matters and providing opinions
• Engage with third party providers on forensic matters
• Regulatory Updates and Implementation
• Keep abreast of changing legislation
• Communicate changes in legislation to business
•  Assist with regulatory implementation within business
• Combined Assurance and enterprise risk management
• Assist with developing an enterprise risk framework with HGR
•  Review and risk rate the processes in HGR through control self-assessments
• Identify controls and test adequacy of the controls
•  Assist with managing the risk committee engagements
• Compliance Monitoring
• Develop and maintain a first line compliance monitoring plan
• Engage with business on reviews and results
• Ensure adequate reporting is in place
• Reporting and Regulatory Engagement
• Ensure sufficient reporting to Exco and the Board
•  Assist with regulatory reporting
•  Engage with the FSCA and PA on behalf of HGR
• Training
• Providing training to HGR staff and partners regarding compliance processes
• Provide training to HGR staff and partners regarding new legislation and regulations

Required Knowledge and Experience    

• Experience in liaising effectively with all internal clients (Legal, Compliance, Forensics, Internal Audit, etc.)
• Experience in liaising effectively with all external clients (policyholders, insurers, outsourced partners, intermediaries)
• Attend meetings with various stakeholders
• Accurate filing and record keeping
• Experience in ad hoc projects and general business assistance
• Maintain acceptable level of competence through on-going training
• Experience in training on relevant legal and compliance matters
• Experience with sharing legal and compliance information to the business

Educational Requirements    

• LLB Degree or BCom Law
• Admitted Attorney
• Good understanding of the financial industry specifically insurance
• Microsoft IT skills are mandatory at an advanced level. Outlook, Excel, Word, and PowerPoint