To support and lead under the Compliance Officers areas of responsibility, to operate in accordancewith all applicable laws, regulations, organizational compliance norms, and Munich Re group standards and normsrelated to governance, compliance, financial crime, sanctions, and Anti Money Laundering (AML). In somejurisdictions the Compliance Officer will be registered as such with the Regulator and also assume the regulatedrole of MLRO.To support the General Manager and Senior Management Teams in conducting operations in a compliant way atall given times through fostering a sound compliance culture, providing suitable and up-to-date compliance normsbased on robust compliance risk identification and assessment, by undertaking effective monitoring, and byproviding adequate and timely training to address all relevant compliance risks and topics. The Compliance Officerwill be the lead advisor on compliance and regulatory matters and when required, support the business in contractreviews and the development of legal letters and supporting documents.The role involves developing, implementing, monitoring, and reviewing annual Compliance Plans by undertakingAnnual compliance Maturity Assessments aligned to the principles of Culture, Prevent, Discover, Respond andCompliance Organization as set out LH2 Compliance Policy.The Compliance Officer will be responsible for the identification and assessment of all relevant compliance riskswithin the assigned entities and for providing suitable and sufficient controls to address those risks.In addition, the Compliance Officer has a direct reporting line to the General Manager and the Board of Directorsand a functional reporting line Regional Head of Compliance.The Compliance Officer must work closely with the Head of Compliance and Munich Re Regional Legaland Compliance Manager Africa & Middle East to ensure all and Munich Re group requirements are takeninto consideration and implemented. The Compliance Officer within is responsible for the implementation,monitoring and undertaking of internal control functions and as such compliance activities will be subject tointernal reviews.· All compliance and legal risks, including emerging legal changes will be identified, assessed, monitored, andcontrolled to a level accepted by the business and when appropriate, reported accordingly, including to theBoard of Directors.· An annual Compliance Maturity Assessment will be undertaken and reported, supplemented by the MedNetGovernance and Compliance Self-Assessment with all gaps documented, implemented and monitored withinthe annual Compliance Plan.· Compliance incidents and events will be reported (including on BKMS) and the necessary investigations will beundertaken and reported.· Training will be conducted for all relevant compliance risks and topics with all training activities adequately· All compliance norms including Financial Crime and AML will be reviewed and validated at least annually. · The Senior Management Team will be fully supported through the provision of sound advice and where necessary they will be actively challenged when fulfilling their compliance obligations. · All MedNet licensing requirements will be met. · MedNet will be compliant with all applicable laws and regulatory requirements. · Good relationships will be formed with Regulators.RequirementsMinimum Qualifications:· Bachelor's degree in Law or any other relevant field.· Diplomas or professional certification in Compliance and/or Anti Money Laundering an advantage.· Ability to pass a Fit & Proper assessment by the Regulator (where required).Minimum Experience:· Experience in Health Insurance regulations and applicable laws· A minimum of 3 years of experience in compliance and regulatory business affairs within health insurance or acomparable sector.· Experience in managing a Compliance Management System and providing competent compliance advice.· Experience in dealing with regulators as well as higher management levels.Job-Specific Knowledge & Skills:· Good working knowledge of the applicable laws and regulations relating to company governance andobligations.· Knowledge of governance and compliance management systems and processes· .· Health Insurance/ TPA/ Reinsurance background or similar industry· Excellent oral and written communication skills, with fluency in English is a must; Arabic is an advantage.· Excellent organizational skills and who can deliver tasks and objectives on time.· Ability to work autonomously with minimal supervision.Required Competencies· Solid governance and compliance skills· Good interpersonal and communication skills· Conviction in advice provided and the ability to act with integrity.· Distinct analytical skills, drive and clarity in thinking.· Good problem-solving skills· A high quality detailed and diligent work attitude, investigative.· Team playing capabilities and a can-do attitude.· A high degree of judgment and independence required.· Must respect the confidentiality of all information received incl. high ethical conduct.· Good knowledge of Microsoft applications
