Jubilee Insurance Senior Compliance Officer Job

Senior Compliance Officer, Current Finance Jobs In Kenya,

Job Ref. No: JHIL087 (Re-advertised)

Role Purpose

The Senior Compliance Officer serves as key second line of defense role to ensure compliance with corporate initiatives and to ensure line of business and departmental processes comply with applicable law and regulations. The role holder will play a vital role in promoting a strong compliance culture, identifying potential compliance risks, and implementing effective strategies to mitigate those risks.

Main Responsibilities

  • Develop, implement, and maintain compliance policies, procedures, and controls to address regulatory obligations and minimize compliance risks.
  • Review Company process/operational manuals and systems to ensure that are regularly updated to meet the set regulations, policies, and all other requirements such as mandates, escalations, controls, etc. are in place and aligned.
  • Identifying areas of compliance weakness and recommend remedial measures in consultation with the CEO’s, Heads of Departments, Compliance Manager, and IT Risk & Compliance Manager.
  • Stay abreast of the evolving compliance landscape in the insurance sector, identifying emerging risks and opportunities to enhance the compliance program.
  • Drive continuous improvement initiatives within the compliance function, leveraging technology and process enhancements.
  • Collaborate with executive leadership to communicate compliance-related strategies and their impact on business operations.


  • Implement and maintain effective internal controls to prevent and detect potential compliance violations within insurance operations.
  • Work closely with all departments to ensure a cohesive approach to compliance within the company.
  • Work with Internal Audit on their recommendation on compliance related issues for implementation.
  • Preparing and presenting compliance reports to various stakeholders
  • Coordinating the Anti–Money Laundering, Data Protection, and other regulatory activities.
  • Conducting continuous audits, reviews, and enhancements of compliance on processes/ systems/documents and manuals with reference to laid down policies, regulations, laws and best practices in the line of business.
  • Ensures that applicable regulation is complied with by the business lines and support functions through day-to-day monitoring and regular review of compliance to legislation, regulations and internal policies and controls.
  • Ensures that Compliance risks are identified, assessed, controlled, and enforced through business and support specific policies & procedures.
  • Identification and reporting of suspicious transactions.

Corporate Governance

  • Monitor and interpret insurance-related regulations, and guidelines to ensure the organization’s compliance.
  • Conduct periodic assessments and audits to identify vulnerabilities and recommend appropriate mitigation measures.


  • Promote and reinforce a strong culture of compliance throughout the organization, emphasizing the importance of AML and reporting obligations.
  • Develop and deliver training programs to enhance compliance awareness and knowledge among employees and management.

Key Competencies

  •  AML and Regulatory Expertise
  • Reporting and Documentation
  • Insurance Industry Knowledge
  • Collaboration and Communication
  • Technology and Tools: Familiarity with AML software


  • Bachelor’s degree in business, finance, law, or a related field.
  • Experience with reporting on STR and CTR’s

 Relevant Experience

  • Minimum of 5 years proven experience in AML and reporting compliance within the insurance industry, with at least 2 years in a managerial or supervisory role.

How to Apply

If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com quoting the Job Reference Number and Position by 31st October 2023. Only shortlisted candidates will be contacted.