Team Lead, Compliance and Internal Control at Coronation Insurance Plc

About the Role

Coronation Insurance Plc is expanding its dynamic team and seeking talented professionals to join as Team Lead for Compliance and Internal Control in Lagos, Nigeria.

Principal Duties & Responsibilities

• Review control processes and risk assessments to identify risk areas, mitigations, and control design weaknesses; drive implementation of recommendations for remediation
• Support formulation of the organization's compliance programs and strategies to incorporate relevant legislative and regulatory requirements and adapt to changing regulatory environments
• Develop detailed operational plans and procedures for compliance programs
• Support development of the company's controls testing approach
• Partner with business stakeholders to develop and implement solutions to complex controls issues efficiently while maintaining independence
• Stay abreast of and advise on best practices and the impact of regulatory changes
• Evaluate interdependencies between risks, uncertainties, opportunities, critical failure points, and resource implications
• Establish compliance monitoring and surveillance strategies and objectives for the organization
• Evaluate root causes and potential organizational impact or risks of non-compliance and areas of high potential for compliance breaches
• Report recommendations for improvements based on systematic analysis of information at agreed intervals
• Promote relationships with internal and external assurance providers
• Provide advice and opinions on optimal IT controls for new applications
• Monitor standard general IT controls, including security management, segregation of duties, adequate documentation and records, access controls, and independence checks
• Create and maintain effective relationships with a wide range of internal and external stakeholders to drive compliance
• Discover and train others on best practices in compliance management and stay abreast of industry, regulatory, and market trends
• Engage with regulators and external parties at board level