Head, Risk Management at AXA Mansard Pensions

Job Objectives:

• Oversee the design and implementation of enterprise risk management and control framework that is in line with best practice and compliant with regulatory standards.
• To effectively identify, mitigate and monitor principal business risks arising from business operations and strategic environment.
• To ensure that the risk management and governance policies, processes and procedures of the business are adequate, effective and complied with at all times

Key Responsibilities and Accountabilities neral

• Participate in the development of the company’s overall strategic goals and ensure that these are cascaded to the various units within the Risk Department.
• Champion the development and implementation of the Unit’s strategy ensuring alignment with the corporate strategy and business goals.
• Oversee the preparation of the Unit’s annual budget and monitor its implementation.
• Provide guidance, leadership support and strategic direction in the execution of the Unit’s functions.
• Continually review and assess the effectiveness and efficiency of the Unit’s policies, procedures and processes and identify improvement opportunities.
• Assist the management in communicating the risk management policies, risk appetite and risk limits across the organization.
• Possess an intimate knowledge of internal business processes and the organization's industry.

Risk Management

• Champion the definition of the organization’s overall risk strategy and oversee the implementation of the risk solutions that help optimize operations.
• Oversee the continuous review of the risks facing the business in order to proactively establish appropriate mitigating controls and monitoring mechanism/ framework.
• Oversee the identification of risks, their short and long-term implications and advise management accordingly.
• Ensure prompt reporting of risk positions and provide advice on possible resolution of critical issues.
• Work closely with all business units and divisions to establish, maintain and continuously improve risk management capabilities.
• Champion the development and implementation of a business continuity plan and disaster recovery processes for the business.
• Champion the continual review and update of policies, guidelines and practices, in line with changes in the company’s risk appetite and business priorities.
• Ensure adequate processes for the identification and monitoring of risks attached to every transaction, and proffer relevant mitigating factors to minimize the risk.
• Exhibit business process knowledge, a broad-based operational perspective and provide solutions for related business risk issues.
• Oversee the implementation of controls to ensure that the business risks are properly classified, recorded and monitored.
• Establish, communicate and facilitate the use of appropriate risk methodologies, tools and techniques.
• Monitoring the firm’s compliance with regulatory and statutory provisions regarding risk management.
• Reports findings on risk exposures to the Chief Executive Officer, and the Board Risk Management Committee.

Required Skills and Competencies

• Minimum of 10 years post-qualification experience, of which 8 should be in financial services, and 4 in a managerial capacity.
• Deep understanding of risk management and compliance trends in the local and international financial services industry.
• Good understanding of accounting principles and audit standards, procedures, and techniques.
• Excellent understanding of the financial services landscape and inherent risks in non-bank financial services industry.
• Good knowledge of the legal and regulatory framework