Background
Prime Life Insurance Ltd is an Insurance Company, established in 1995 by Rwandan investors, a licensed general and life insurance company authorized by the National Bank of Rwanda (BNR). The Company is seeking to recruit a highly-skilled, self-motivated, and experienced person to fill the following posts:

Risk & Compliance Senior Officer 

Key roles & responsibilities

Under the supervision of the Chief Executive Officer and the Risk, Ethics, Compliance, and Investment Committee; the Risk & Compliance Senior Officer shall have the following key roles and responsibilities:

  • Use suitable processes and tools for identifying, assessing, monitoring, managing, and reporting on risks;
  • Regular reviews of the risk management system and implementation of corrective or additional measures if necessary;
  • Evaluate the company’s capacity to absorb risk given the nature, probability, and impact of identified risks;
  • Identify and manage risks arising from the internal and external environments;
  • Develop a risk register and put in place a management measure to mitigate those risks identified;
  • Identify, assess, monitor, and control foreseeable material risks at both an individual and aggregate level;
  • Communicate to the management and Board of Directors the probability, impact, and time horizon of such risks identified;
  • Maintain an aggregate view of the company’s risk profile;
    • Assess the key compliance risks and steps being taken to address them;
  • Assess how various business units or departments are performing against compliance standards;
  • Identify compliance issues involving management or persons with key responsibilities within the insurer;
  • Follow up on material instances of non-compliance and any associated investigations;
  • Follow up on fines or disciplinary actions taken by the Central Bank or any other regulatory authority in respect of the insurer or any employee.

 Required Skills & Qualities

You may also like:

  • Excellent Organizational Skills
  • Proficient Communication Skills
  • Effective Problem-solving
  • Assessment & Interpretation
  • Critical Thinking Ability
  • Creativity
  • Integrity
  • Strong People Skills
  • Up-to-date Knowledge of Business technology and IT
  • Sound Understanding of Regulatory Guidelines and other Policies
  • Fluent in English, French, and Kinyarwanda.

 Education & Experience

Master’s degree in risk management, actuarial science, finance, accounting, economics, or related field with;

A minimum of consecutive six (6) years working in risk management in insurance or reinsurance companies or similar institutions of which two (2) have been passed in a managerial position

Job application procedure

  • Application letter addressed to Chief Executive Officer,
  • Recent Curriculum Vitae (CV) with proven work Experience,
  • Education certificates,
  • A copy of National Identification;
  • Three referees.

Please send your application to life.recruitment@prime.rw in one document.

The deadline for submitting applications is January 15th, 2023 at 5 pm local time.

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