Manager, Risk Management, Compliance & Actuarial Services at Africa RE

Responsibilities

• Providing direct support to the Director of Risk Management, Compliance and Actuarial Services in the day-to-day operations of the department, implementing appropriate risk management processes and methodologies to handle risk-related issues across the Corporation.

Duties / Job Details
Under the supervision of the Director, the incumbent will carry out the following functions:

• Identify and report risks across the Corporation by conducting risk workshops and reviewing risk registers in line with the Corporation’s strategy
• Implement appropriate risk management processes and methodologies to handle risk-related issues across the Corporation
• Advise and coach production centres on risk management by establishing a standard risk management approach to be used across all areas of the Corporation
• Co-ordinate appropriate and timely delivery of risk management information in line with the Corporation’s risk management strategy and processes
• Liaise with risk champions to regularly collect risk and financial data and perform analyses on such data
• Update and manage the Corporation’s risk software
• Support in analysing data and assumptions to be used in risk and capital modelling
• Periodically review and maintain the Corporation’s risk and compliance related policies
• Monitor risk exposures and compliance with risk policies
• Liaise with business units to obtain KYC information on existing and new clients and business partners, as well as performing due diligence checks on such entities
• Manage business continuity plans
• Generate and prepare risk reports
• Support in enterprise-wide risk awareness initiatives and communication
• Support in coordinating rating exercises
• Any other duties as may be determined by the supervisor from time to time.

Competencies and Additional Requirements

• Sound knowledge in data analysis and interpretation of financial statements
• Excellent numerical and analytical skills
• Sound knowledge of the financial services and Insurance / Reinsurance industry
• Ability to multitask, learn fast, and proven capacity to work well under pressure
• Excellent communication and presentation skills, as well as proven writing skills
• Good interpersonal skills with ability to quickly build good and sustainable relationships with stakeholders
• Ability to work successfully in multicultural teams and across boundaries
• Very high integrity, good sense of responsibility, and able to maintain confidentiality
• Genuine commitment to highest ethical standards and to sustainable development
• Advanced proficiency in Microsoft Excel and excellent skills in other MS Office applications (Word, Access, PowerPoint)
• Must have occupied similar positions

Minimum Qualifications and Experience

• University degree and Master's (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 5 years post qualification relevant work experience

Or

• University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus full professional qualification in a relevant field, and 5 years post qualification relevant work experience

Or

• University degree (in a numerate discipline, preferably in Insurance/Actuarial Science, Finance, Statistics, Economics or Mathematics) plus 9 years post qualification relevant work experience
• Preferably, experience should be from a (re)insurance company
• Professional qualifications in Risk management and Actuarial science will be an added advantage
• Relevant Professional qualifications will be an advantage

Additional Requirements for Candidtates for this Position
Applicants must also be:

• Fluent in English and working knowledge of French will be an added advantage
• Nationals of Members state of Africa Re

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

• Competitive Basic Salary on the Corporation’s Professional 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.