Key Responsibilities:
Risk identification, mitigation, monitoring
• Co-ordinate and improve risk management within departments
• Review all Internal & External Audit reports to extract relevant risk & control information for use in reporting and remediation.
Monitor and act on any Key Risk Indicators (KRIs) adverse trends that arise
Monitor resolution of all associated Internal Audit recommendations
• Assess compliance with policies and procedures in the departmental units, with emphasis to controls
Coordinate the formulation of scenarios to be tested at least annually
• Coordinate the recording of the risk incidents and carrying out the root cause analysis
• Regularly collate the operational loss data and maintain the database
Business processes and policies reviews
• Working with Business, establish, maintain and continuously improve risk management capabilities.
• Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units.
Company and Business
• Ensure sufficient follow through on management actions to mitigate risks identified
• Ensure Continuous risk identification and assessment program through timely completion of RCSA & KRI returns
Champion documentation of inter departmental SLAs during quality assurance reviews.
• Review key outsourcing arrangements for the firm in line with regulator outsourcing guidelines.
Business Continuity Management (BCM)
• Work with Risk manager to implement BCM framework for the BUs
• Review of program and tools to ensure they are updated.
• Ensure BCP testing is carried out as per schedule for both business and support unit.
• Train staff on BCM in conjunction with the Risk Manager
Management Committees
• Prepare the report pack for the Management Risk Committee (MRC)
Coordinate the secretarial work for the MRC meetings
• Prepare any risk reports
• Perform any other duties as assigned from time to time
Working Relationships:
Internal Relationships;
• Required to liaise and work closely with all Britam staff.
External Relationships;
• Statutory bodies
• External Consultants/Auditors
Knowledge, experience and qualifications required
Knowledge, experience and qualifications required
• University graduate with possession of a risk or actuarial-related qualification.
• Must possess a professional qualification in risk or actuarial
• 6 years’ working experience in the insurance and financial services environment, with sound exposure to insurance Operations, Regulatory and Compliance requirements.
• Knowledge of Insurance and Business Operations: Well-rounded knowledge of the insurance operations and processes and excellent knowledge of Insurance policies and procedures.
• Risk Management: Ability to anticipate and mitigate risk by developing appropriate Risk Management Policies for the Firm.
• Compliance Standards and Legislations: Excellent knowledge of International Accounting and Standards, and Legislations.
• Compliance and Regulatory Framework: Good understanding of relevant regulatory requirements
• Conceptual and Analytical Skills: Ability to quickly grasp and understand systems and keen to detail.
• Planning and organizing: Ability to establish priorities, plan, coordinate and monitor own work plan.
• Communication and Interpersonal Skills: Well-developed oral and report-writing skills, ability to work in a team set-up.
Essential Competencies:
• Learning and Researching: Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision-making at the management level; learns from successes and failures and seeks colleague and customer feedback.
• Working with People: Shows respect for the views and contributions of other team members; shows empathy; listens, supports and cares for others; consults others and shares information and expertise with them; builds team spirit and reconciles conflict; adapts to the team and fits in well.
• Applying Expertise and Technology: Applies specialist and technical expertise; uses technology to achieve work objectives; develops job knowledge and expertise (theoretical and practical) through continual professional development; demonstrates an understanding of different organisational departments and functions.
• Delivering Results and Meeting Customer Expectations: Focuses on customer needs and satisfaction; exhibits high standards for quality and quantity; monitors and maintains own quality and productivity; works in a systematic, methodical and orderly way; consistently achieves projects goals.
• Following Instructions and Procedures: Follows procedures and policies; keeps to schedules; arrives punctually for work and meetings; demonstrates commitment to the organisation; complies with legal obligations and safety requirements of the role.
• Adhering to Principles and Values: Upholds ethics and values; demonstrates integrity; accepts diversity; display individual responsibility towards the community and the environment; models the organisational values during every day interactions.
Submit your CV and Application on Company Website : Click Here
Closing Date : 12th September, 2024
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