Job Description

Introduction

The risk manager will be responsible for Guardrisk Group including 5 short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. The successful applicant will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise risk management framework. The Risk Manager reports to the Managing Executive: Governance, Risk, Legal & Compliance and will work closely with the actuarial and finance units as well as all of the functional area line managers. The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk.

Disclaimer

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Role Purpose

The risk manager will be responsible for Guardrisk Group including 5 short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. The successful applicant will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise risk management framework. The Risk Manager reports to the Managing Executive: Governance, Risk, Legal & Compliance and will work closely with the actuarial and finance units as well as all of the functional area line managers. The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk.

Requirements

Grade 12
Relevant BSc Degree (Stats, Actuarial Science or Econometrics)
Relevant membership Qualification
Knowledge of any of the well-known ERM frameworks (i.e. COSO)
Good understanding of Solvency Assessment & Management (SAM)
Above average working knowledge of MS Office and Risk Management Software platforms
Understanding or exposure to basic quantitative risk management concepts
At least 3 - 5 years risk management experience in the financial services sector, preferably in or with exposure to a short-term insurance or a long-term insurance environment
At least 2 years'' experience in the implementation of a risk management framework essential
Excellent understanding of risk management best practices
Experience in conducting of risk assessment
Experience in managing staff

Duties & Responsibilities

Ensure the enterprise risk management framework is effectively implemented within the business
Review and maintain risk management documentation such as the risk appetite statement, risk taxonomy, risk policies etc
Facilitate reviews of the risk appetite statement to ensure it remains appropriate and recommend changes where this may be required
Monitoring of appropriate key risk indicators together with associated tolerances, limits and related reporting
Undertake periodic risk assessments working with the various risk owners and ensure that the risk registers are kept up to date
Manage the own risk and solvency assessment (ORSA) process including coordinating all related inputs, outputs and assessments
Provide risk management guidance and training to staff and ensure the necessary documents are made available
Critical review of existing and/or development of new risk reports to ensure that they are suitable and useful to aid in decision making
Preparation, submission and/or presentation of risk reports to the various operations and/or governance forums within the business
Liaising with and exchanging information with the other assurance providers as part of the combined assurance approach
Responsible for the management of the Risk Management Platform
Identifying current/actual and emerging risks through evaluating internal and external risk environment on a continuous basis
Aggregating, monitoring and advising management on the effective management and mitigation of identified risks
Risk monitoring on risk appetite, risk registers, loss data, combined assurance, key risk indicators and emerging risks
Maintaining updated risk registers for applicable entities in the Group
Management of the risk management team

Competencies

Business Acumen
Client/ Stakeholder Commitment
Results & Solutions focused driven
Leads Change and Innovation
Collaboration
Impact and Influence
Networking
* Diversity and Inclusiveness