Location: Moka, Mauritius (on-site)

Department: Risk & Compliance

Reports to: Chief Risk Officer (CRO)

Employment type: Full-time, permanent

Level: Junior

Role overview

 

We are hiring a Junior Compliance & Risk Officer to join our Risk & Compliance team. This is a dual-mandate role spanning KYC/AML compliance and risk management support, reporting directly to the CRO.

 

You will be the operational backbone of our compliance and risk frameworks: keeping counterparty due diligence current, ensuring our regulatory and AML filings are accurate and on time, and tracking the risk indicators that feed our quarterly Risk Management Committee and annual Risk Management Framework submission.

 

This is a content-heavy role with a steep but supported learning curve. You are not expected to know everything on day one. What we look for is a sharp, curious mind that absorbs new material quickly, asks good questions, and finds practical paths through unfamiliar problems. The goal across your first six to twelve months is for you to build a solid command of reinsurance compliance and risk — and to be set up to grow into a more senior role as the company scales.

 

 

Key responsibilities

 

#1. Compliance — KYC, AML/CFT and counterparty due diligence

 

- Outbound KYC monitoring. Maintain a counterparty KYC tracking register covering all cedants, brokers and retrocessionaires. Identify missing, expired or incomplete documentation (corporate certificates, licences, audited financials, UBO declarations, sanctions confirmations) and chase counterparties until files are complete.

- Inbound KYC requests. Respond to KYC and due diligence requests received from cedants, brokers and retrocessionaires. Assemble and dispatch the Cover Edge RE corporate documentation pack within agreed turnaround times.

- Corporate documentation repository (in coordination with our management company). Own and maintain a single, version-controlled repository of Cover Edge RE's corporate documents — incorporation, licence, constitution, board resolutions, audited financial statements, UBO declarations, tax residency certificates, and sanctions/PEP attestations.

- Sanctions and adverse media screening (using a dedicated tool). Conduct periodic screening of counterparties against the major international sanctions lists (UN, EU, OFAC, UK), plus adverse media checks, in line with our AML/CFT and KYC policies. Document outcomes and escalate true matches to the CRO.

- Policy maintenance. Assist the CRO in reviewing and updating the AML/CFT Policy, KYC Policy and related procedures to reflect changes in Mauritian requirements, FSC guidance, and material foreign jurisdictions in which we transact.

 

2. Risk management

 

- Risk documentation. Support the preparation, update and quarterly maintenance of the company's core risk documents — the Risk Management Framework (RMF), Risk Register, Risk Appetite Statement (RAS), Risk Management Policy, Liquidity Policy, and ORSA inputs.

- Key Risk Indicator (KRI) tracking. Collect, calculate and report the company's KRIs on a regular cadence, comparing actuals to the Green/Amber/Red thresholds set in the RAS. Flag breaches with supporting analysis and feed the KRI dashboard into the quarterly Risk Management Committee (RMC) pack.

- Annual FSC RMF submission. Coordinate inputs for the annual Risk Management Framework submission to the FSC (due within six months of year-end). Track the submission checklist, liaise with our external actuaries on ORSA inputs and with our auditors on the independent assurance report, and ensure cross-document consistency before filing.

- Quarterly and ad-hoc regulatory returns. Coordinate with finance, the actuary and the auditor to compile FSC quarterly and annual returns. Verify data accuracy and internal consistency against the Risk Register, RAS and ORSA before submission.

- Audit support. Act as the operational coordination point for internal and external audit exercises and any FSC engagements — gathering documentation, maintaining the open findings log, and tracking remediation actions through to closure.

- Outsourcing register. Maintain the outsourcing register and support periodic due diligence on critical service providers.

 

 

Qualifications & requirements

 

#Education

 

- Bachelor's degree in Finance, Law, Business Administration, Risk Management, Accounting or a related discipline.

- A postgraduate qualification or progress toward a professional certification (ICA, ACAMS, IRM, ACII or equivalent) is a plus, not a prerequisite.

 

Experience

 

- At least 1–2 years of cumulative relevant experience in audit, compliance, risk management, or a regulatory function — ideally within insurance, reinsurance, captive management, or financial services. Internships, traineeships and placement years all count.

- Prior exposure to regulatory filings, AML/CFT frameworks, or insurance/reinsurance work is an advantage but not a requirement — what matters more is the appetite to learn the technical content quickly.

 

Skills & competencies

 

- A strong problem-solver. You enjoy untangling messy situations, you reach for first principles when a procedure doesn't quite fit, and you are comfortable working through unfamiliar material until you genuinely understand it.

- Curious and tool-savvy. You actively explore modern tools — including AI tools — to work faster and smarter. You are not intimidated by new software and you treat learning new tools as part of the job, not a side quest.

- Strong attention to detail and the discipline to manage multiple deadlines without dropping items.

- Excellent organisational skills — comfortable owning registers, trackers and documentation repositories.

- Bilingual English and French (written and verbal). We work day-to-day in French and produce regulatory documentation in English.

- Advanced Microsoft Excel (formulas, lookups, pivot tables); confident in Word and PowerPoint.

- Sound judgement on confidential and sensitive information.

- Proactive — willing to follow up with colleagues, auditors, actuaries and counterparties without being chased.