Legal and Compliance Officer

NICO Life Insurance Company Limited

VACANCY ANNOUNCEMENT

LEGAL AND COMPLIANCE OFFICER

NICO Life Insurance Company Limited (NICO Life), a leading provider of innovative life insurance solutions, is an equal opportunity employer and diversity is an integral part of our Business, History, Culture, and Identity. Inclusion is the way we treat and perceive all differences, and all forms of diversity are seen as real value for the Company.

NICO Life has a vacancy for a Legal and Compliance Officer, tenable at the Head Office in Blantyre. The successful candidate, who will be responsible to support the Company Secretary and Compliance Manager in ensuring that NICO Life’s legal, compliance and governance risk management frameworks are implemented effectively to achieve operational efficiency in support of the business’s strategic objectives, will undergo an on-the-job training that will lead to a progressive career in this field.

KEY RESPONSIBILITIES:

The incumbent’s key areas of responsibility shall, amongst others, include:

LEGAL

  • Conducting research and rendering of legal opinions.
  • Assisting with responding to demand letters and complaints.
  • Assisting with the management of litigation matters.
  • Assisting with the review and management of legal documentation.

COMPLIANCE

  • Assisting with preparation and implementation of compliance risk management plans of the external and internal compliance universe.
  • Assisting with monitoring of the compliance universe.
  • Preparation of compliance monitoring reports.
  • Preparation of impact analysis of new laws, directives and regulations.
  • Assisting with the formulation and implementation of annual compliance plan.
  • Assisting with the development and implementation of compliance risk monitoring tools to assess the adequacy of controls for the identified compliance risks.
  • Assisting with preparation of training materials for compliance awareness sessions.
  • Assisting with preparation and submission of regulatory reports to regulatory bodies including the Registrar of Financial Institutions, the Data Protection Authority, Registrar of Companies and Competition and Fair-Trading Commission.
  • Assisting with preparation of responses to regulatory queries.

REQUIRED SKILLS, COMPETENCIES, AND ABILITIES:

  1. Strong analytical and communication (verbal and written) skills.
  2. Ability to plan and organise in line with job requirements.
  3. Ability to prepare analytical and accurate reports.
  4. Be action and result oriented.
  5. Strong judgment and decision-making skills.
  6. Understanding of legal and regulatory frameworks.
  7. Ability to manage complex legal and compliance matters.
  8. Ability to work in a team setting.
  9. Strong legal drafting and research skills.
  10. Ability to interact, negotiate (where applicable), and achieve targets.
  11. Proficient with work tools like Microsoft Office, Microsoft Excel, and Microsoft PowerPoint.

QUALIFICATIONS AND EXPERIENCE

  1. First degree in Law from a reputable University.
  2. Admission to the Malawi Bar
  3. A minimum of 2 to 3 years’ post admission experience in legal and compliance related work.
  4. Possession of compliance management related certifications will be an added advantage.

Those interested should send their applications together with comprehensive curriculum vitae and at least three traceable referees to:

Head of Human Resources – Insurance Sector
NICO Life Insurance Company Limited
P.O. BOX 3044
BLANTYRE
Or email: vacancies@nico-life.com

Closing date for receiving applications is Friday, 18th July 2025. Only shortlisted candidates will be acknowledged