Business Function: Compliance, Legal, Governance & Risk

Reports to: Chief Executive Officer

Organization Profile; one of the longest standing and most successful global insurers in the world with over 24m clients and £509bn  of assets under management.

Our client is listed on stock exchanges in London, Hong Kong, Singapore and New York.

We provide protection and savings opportunities to our customers, social and economic benefits to the communities in which we operate, jobs and opportunities to our employees and financial benefits for our investors.

By offering security, pooling savings and making investments, we help to drive the cycle of growth.

Our strategy is designed to create sustainable economic value for our customers and our shareholders.

It is focused on a number of long-term opportunities:

• The significant protection gap in Asia;

• The transition of US baby boomers into retirement; and

• The UK ‘savings gap’ and aging population in need of returns and income.

• We continue to develop our new businesses in new markets in Africa, building on the success of our other regional models, particularly Asia. Currently, we have a footprint in 4 countries namely Ghana, Uganda, Kenya and most recently Zambia.

Background and Purpose:

Prudential is establishing new businesses in Africa. We have acquired businesses in Ghana, Kenya,

Uganda and Zambia. To support the sustainable growth of the businesses, it is important for Prudential to ensure that a robust Compliance, Legal, Risk and Governance function is in place to support the regulatory structure in the operating environment.

Job Purpose & Scope: 

The role holder reports to, and acts on behalf of the CEO and the Board by monitoring and reporting results of the risk, financial crime and security efforts of the company and in providing guidance for the

board and senior management team on these matters. The role holder is authorized to implement all the necessary actions to ensure the achievement of the said objectives.

The role holder will be responsible for overseeing Corporate Risk, AML and Security programs,

functioning as an independent and objective role that reviews and evaluates issues and concerns within

the organisation. The position will ensure that the behaviour in the organisation meets the company’s

standard of conduct.

The successful candidate will be a person of high integrity, an ardent team player, with demonstrable

leadership skills and all round familiarity with business operations including financial procedures and

regulations, in addition to other business areas.

• To ensure compliance of the Company, at all times, with the Anti Money Laundering, Counter

Terrorist Financing Policy and Sanctions Policy

• To act as a point of contact for matters with the Insurance Regulatory Authority and other regulatory

bodies.

• To evaluate compliance with internal risk policies and procedures set by the Board of Directors and

Management, including the Group Anti-Fraud Policy.

• To act as the Money Laundering Prevention Officer (MLPO) discharging accountabilities set out in

the Group Anti Money Laundering and Counter-Terrorist Financing Policy and reviewing conducting

sanction screening

Risk

• To act as a member of the Senior Leadership Team, Audit, Risk and Compliance Committee, and presenting the Risk Report for the quarterly Audit Committee Meetings.

Principal Accountability

Financial Crime

• To regularly carry out a gap analysis to ascertain compliance with the Group Risk Framework and

Risk policies

• To create and implement local risk policies, standards and procedures, as appropriate

• To prepare and/or provide support in the preparation of reporting to the Group committees as required.

• To implement the Prudential Africa ERM framework

• To prepare an annual plan with a specific focus on addressing/managing risk

Security

• Monitor and review implementation of the company security policy which sets out the minimum  requirements to be followed for physical security and business travel security

• Assist in the development and implementation of comprehensive physical security standards,  guidelines, procedures and practices that address security risks and requirements

• Ensure implementation of the travel security standards

Experience, Knowledge & Skills 

• Degree in Actuarial Sciences or Finance related field.

• Demonstrated experience in life insurance business and risk management

• Minimum of 5 years’ experience in business management with a risk & compliance component

• A general knowledge and understanding of insurance, as well as legislation, rules and regulations impacting the insurance industry

• Excellent computer skills