Risk Specialist at Old Mutual Plc

REF: 1432/NIGE/EU/Risk Specialist/Nigeria/221119
Location: Nigeria
Contract: Permanent
Available: ASAP
Category: Insurance

Introduction

• This role is individually accountable for assisting the BU in establishing and embedding a culture of compliance as well as ensuring that risk processes are implemented at BU level
• The individually is accountable for achieving results through own efforts over periods of up to 3 months.

Description

• Challenges risk management information received from reporting entities.
• Assist with implementation of business risk strategy and policy
• Ensures risk processes (risk assessment, identification, management, reporting and optimisation) are occuring at BU level.
• Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues.
• Provides oversight for risk management activities ensuring Group Risk Policy statements are met.
• Ensures monthly risk control logs are updated and follows up with various Line Managers.
• Provides assistance to business unit management where required to embed risk management & provide challenge where deemed appropriate.
• Ensures that risk processes (risk assessment, identification, management, reporting & optimisation) are implemented.
• Performs process risk assessments to provide assurance on the controls in operating procuderes and processes
• Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
• Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate risk events

Key Result Areas
Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks and output quality for periods of up to 3 months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.

Risk Management:

• Challenges risk management information received from reporting entities
• Ensures risk processes (risk assessment, identification, management, reporting and optimisation are occuring at BU level.
• Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues.
• Provides oversight for risk management activities, ensuring Group Risk Policy statements are met.
• Provides support in carrying out risk related responsibilities.

Compliance:

• Assess complaince  by the BU with applicable with Risk policy and facilitate means of the implementation of remediation of identified gaps
• Reports risk event and compliance breaches on a monthly/quarterly basis.
• Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate non compliance with risk policy suite

Reporting:

• Ensures monthly risk control logs are updated and follows up with various Line Managers.
• Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.

Minimum Requirements

• Bachelor's Degree with 3 - 4 years relevant experience in risk management / internal controls / actuarial science. Insurance experience would be an advantage