Director, Risk Management & Compliance at Africa RE

Job Grade & Duties

• Africa Re announces the vacancy of the position of Director, Risk Management & Compliance in her Head Office in Lagos (Nigeria) on the Executive Staff Grade level.

Responsibilities

• Reporting directly to the Group Managing Director/CEO, the Director, Risk Management & Compliance will provide the overall leadership, vision and direction for Risk Management & Compliance across the Corporation.

Duties/Job Details
The duties of the Director, Risk Management & Compliance shall comprise amongst others:

• Review and report on compliance with the Corporation’s underwriting policies and guidelines to ensure strict compliance to the set guidelines.
• Review and report on the overall profitability for the year under review as well as the profitability by cedant and by line of business,
• Risk identification and reporting across the Corporation,
• Development of risk management strategy, principles, framework and policy
• Implementation of appropriate risk management processes and methodologies
• Advice and coaching to production centres on risk management,
• Co-ordinate appropriate and timely delivery of risk management information,
• Co-ordinate the rating process with Rating Agencies,
• Attending to any other duty as may be assigned by the Corporation’s executive management from time to time.

Main Competencies Required for this Position

• Strong theoretical and practical knowledge of Enterprise Risk Management in the re/insurance industry
• Very good technical knowledge of the classes of business (underwriting and claims).
• Professional technical competence in Insurance and Reinsurance
• Working knowledge of data sources in (re)insurance industry
• Good skill in business software tools: Word, Excel, Power Point, RMS.
• Ability to work well with all levels of management and across group operations
• Strong team player and proven leadership and managerial skills/experience;
• Excellent analytical, planning and reporting skills;
• Capacity for synthesizing and reasoning;
• Well-developed communication and interpersonal skills;
• Impeccable bias for action and strategic disposition;
• Customer focused;
• Unquestionable integrity and proven sense of responsibility
• Ability to work under pressure
• Excellent computer skills required in Microsoft Office (Word, Excel, PowerPoint, RMS etc.)

Qualifications and Professional Experience
Applicants shall be holders of:

• Bachelor in Risk Management, Insurance , Actuarial Science or related field plus Masters or equivalent, and post-graduate in relevant field from a recognized university, plus 11 years post qualification relevant qualitative work experience in the financial services sector and/or in international finance institutions

Or

• Bachelor in Risk Management, Insurance , Actuarial Science or related field from a recognized university plus full Professional Qualifications , plus 11 years post qualification relevant qualitative work experience in the financial services sector and/or in international finance institutions

Or

• Bachelor in Risk Management, Insurance, Actuarial Science or related field from a recognized university plus 14 years post qualification relevant qualitative work experience in the financial services sector and/or in international finance institutions.
• Professional membership of an internationally recognized association will be an added value
• Relevant work experience in the financial services sector and/or in international finance institutions or at similar level is required.
• The successful candidate shall be based in Lagos (Nigeria).

Salary & Benefits
The successful candidate shall have the following benefits:

• Competitive Basic Salary on the Corporation’s Executive Staff Grade Level
• Variable pay (Annual Performance Bonus)
• Joint contribution to the Provident Fund (7% of the basic salary paid by staff and 14% by the employer)
• Children education subsidy for each child up to 26 years (maximum 4 children)
• Medical cover for staff and family;
• Housing Allowance
• Home leave to country of origin every year paid by the employer (if non-national) ;
• Duty Post Differential (Cost of Living Allowance), that may increase or decrease depending on the economic situation, paid in local currency.

Other Information
Added Advantage:

• Being an Actuary
• Having worked in a reinsurance company as an ERM Officer/Manager capacity

Additional Requirements
Applicants must also be:

• Fluent in English or French
• Good working knowledge of the other language will be an added advantage