Job Summary

To support the Risk & Compliance function in identifying, assessing, monitoring, and reporting risks across the business; ensure adherence to regulatory requirements, company policies, and internal control standards; and promote a culture of compliance and good governance within Noor Takaful.

Key Responsibilities

Risk Management Functions:

• Assist in maintaining and updating the organisation’s risk register.
• Conduct periodic Risk and Control Self-Assessments (RCSA) with business units.
• Support in Monitoring Key Risk indicators (KRIs) and escalating breaches or exceptions.
• Participate in incident reporting and follow-up of remediation actions.
• Assist in preparing risk management and Compliance reports for management and Board committees.
  

Compliance Functions:

• Monitor compliance with regulatory requirements (e.g., NAICOM, NDPC, CBN, SEC as applicable).
• Assist in preparing and filing regulatory returns within stipulated timelines.
• Support in policy and procedure reviews to ensure alignment with regulations and best practices.
• Track implementation of compliance recommendations from audits, inspections, and regulatory exams.
• Conduct basic compliance monitoring checks on core business activities (e.g., underwriting, claims, data protection, AML/CFT)
  

Key Relationships

• Internal: All business departments, Internal Audit, Legal, Finance, IT.
• External: Regulators (e.g., NAICOM, NDPC), consultants, auditors.
  
  

Data Protection and Confidentiality

• Uphold the highest standards of confidentiality in handling company-related information, ensuring compliance with data protection laws and internal policies.
• Adhere to the company’s information security guidelines, including proper storage, transmission, and disposal of sensitive materials.
• Promptly report any suspected data breaches or unauthorized access to the appropriate company authority.
• Participate in periodic data protection training to stay informed about evolving security risks and best practices.

General Assignment

• Execute any other duties and tasks that may be designated or assigned by the Company.
• Participate in the knowledge sharing programme of the department and the company
• To provide supports to your manager, Managing Director and Vice Chairman as may be required towards serving the Board, Management and staff members.
  

Qualification

Education

• Bachelor’s degree in Accounting, Finance, Business, Economics, or related discipline.

Experience

• Minimum 3 years’ experience in risk management, compliance, internal audit, or
  related function.
• Basic knowledge of regulatory frameworks (e.g., NAICOM Guidelines, NDPA 2023/NDPC directives, AML/CFT laws).
• Knowledge of Microsoft Office (Excel, Word, PowerPoint).

Skills and Competencies

• Strong analytical and problem-solving skills.
• Attention to detail and ability to work with data.
• Good communication and report-writing ability.
• Integrity, confidentiality, and sound judgment.
• Willingness to learn and develop professionally (certifications like CISA, ISO 31000, ICA, CFE, related courses are an advantage).

KPIs and Performance Metrics

1. Risk Identification & Assessment
2. Risk Mitigation Implementation: Ensure 80% completion rate of recommended risk mitigation actions.
3. Regulatory Compliance: Ensure 100% adherence to risk and internal control policies.
4. Timeliness of Reports: Submit all assigned control and risk reports before deadlines.