Risk Manager

Job Description

Report To: Board of Directors

To lead the development of effective ERM frameworks, undertaking a key functional and advisory role, contributing to the achievement and objectives, and to uphold the Company’s ethics, strategies and policies.

Key Responsibilities

• Develop risk management strategies, risk appetite, principles, framework and policy across the Company for Risk, Investment or Reinsurance committee member.
• Provide overall leadership, vision and direction for risk management throughout the business activities.
• Develop the risk management strategy, policy and framework.
• Instill risk management principles, promote risk management awareness and embed risk culture in the Company
• Develop a cost effective “business-wide approach” to ERM.
• Guide the risk committee, audit committee and Board through the risk strategy, appetite, policies, delegated authorities and limit structures.
• Support capital management activities.
• Provide advice to the business units on risk-related issues
• Implement appropriate risk controls, processes and methodologies.
• Lead, develop, select, implement, validate and maintain processes, procedures and systems for risk management.
• Develop processes with other business units and related parties for determining, allocating, monitoring and managing capital requirements and measuring risk adjusted performance.
• Manage the activities of the risk management function, ensuring adequacy of resources.
• Coordinate different risk management areas and review risk management standards / guidelines.
• Oversee self-assessment procedures for business units.
• Review market disclosures.
• Analyze and integrate risk into decision-making process to control the impact of investment decisions on the Company.
• Advise and coach management and business units on risk management:
• Present informed and objective challenges to the executive management on risk management techniques for risk identification.
• Institute training courses, and build awareness of continuity risks.
• Co-ordinate appropriate and timely delivery of risk management information.
• Provide management with information on risk management, including loss statistics.
• Identify, escalate and oversee the resolution of risk management issues.
• Report quarterly to the Board on the management of risk and aggregate risk profile.
• Advise on sources of good practice and (outside) expertise.

People Management

• Identify, set and agree on KPIs and objectives.
• Prepare performance planning (PP) and conduct performance appraisal (PA) and PP/PA interviews including employee development plans and counsel employees on career progression opportunities and approve training requests.
• Recommend employee promotions, salary adjustments, and disciplinary actions and approve vacation and overtime.
• Identify staffing needs, participate in interviewing panels and take hiring decisions.
• Maintain and promote staff motivation by addressing employee grievances promptly and escalating when necessary and enforcing fair and equitable compliance with company policies and procedures.

Other

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Prepare periodic and ad hoc reports as requested by management.

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Document and maintain records of activities and process workflows.

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Adhere to company policies.

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Perform other duties as requested by management

Skills

Candidate Profile:

1.Requirement open for all nationals.

2.Min. 7 years of risk management and risk measurement experience.

3.Min. 10-12 years’ experience in Financial Services / Insurance Industry.

4.ERM Practice is a must and Actuarial experience is a plus.

5.Experience with Solvency II / Basel III regulations and Local Regulatory Environments.

6.Education: Bachelor’s degree in finance or a quantitative discipline.

7.Candidates from Insurance background is preferred.