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  • Posted: Feb 20, 2023
    Deadline: Not specified
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Coronation Insurance Plc has been in operations for over half a century, offering a comprehensive range of insurance coverage. Established in 1958, Wapic has built a strong franchise in the largest economies in Sub-Saharan Africa and operates two subsidiaries; Coronation Life Assurance Limited and Coronation Insurance (Ghana) Limited. The Company has a history of delivering efficient and transparent insurance solutions to discerning clients; a culture reflective of the strength and leadership which underpins the company’s foundation.
    Read more about this company


    Chief Risk Officer

    The job holder’s primary responsibility will be to develop and implement a risk management framework with appropriate tools for the measurement, reporting and control of Coronation Insurance’s financial and non-financial risks.

    Principal Duties & Responsibilities

    • Establish the Coronation Insurance framework in compliance with International risk management standards and principles
    • Ensure risk profile is aligned to the return/profitability aspirations of the business
    • Articulate overall Risk Management policy and strategy at enterprise level and for individual risk areas
    • Communicate Risk Management policy and strategy to operating entities
    • Establish infrastructure, systems and processes for identifying, managing, controlling and reporting risks across the business
    • Define risk acceptance criteria and risk tolerance limits for each risk area
    • Cascade company risk acceptance criteria and tolerance limits across the businesses
    • Oversee Risk Management functions across the business and ensure compliance with Group policy and direction
    • Implement and monitor divisional budget as prepared and agreed in line with business needs/goals/requirements
    • Ensure compliance with policies, standards for regulations in reporting
    • Provide visionary leadership and direction for the company and guide their activities to ensure the achievement of their current to medium term strategies
    • Develop skills of and provide career development for direct reports
    • Ensure the process of automating each risk areas key workflows
    • Promote risk management culture in the Company to maturity level
    • Establish integrated stress testing
    • Establish economic capital framework and integrate across risk areas
    • Perform other functions as assigned by the Managing Director

    Skills / Competence Requirements

    • Required Knowledge, Skills & Abilities
    • Knowledge and understanding of Insurance Operations (International and domestic)
    • Strategic orientation. Creativity & innovation
    • Good policy development and management capabilities
    • Financial Acumen
    • Finance & Accounting
    • Insurance Industry Knowledge
    • Financial Industry Knowledge
    • Knowledge and Understanding of Financial Regulations (Domestic & International)
    • Knowledge and Understanding of Risk Management and Financial Standards
    • Environmental / Industry Analysis

    Generic Skills

    • Strategic Focus/ Orientation
    • Integrity and Discretion
    • Initiative/ Proactive
    • Entrepreneurship
    • Analytical skills / Problem solving
    • Resilience, Tenacity and Integrity
    • Interpersonal skills
    • Communication (oral & written)

    Supervisory Skills

    • General managerial /administration
    • Leadership/Influencing
    • Organization & coordination skills
    • Coaching and people management
    • Conflict management

    Minimum Qualifications

    • Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.
    • Minimum of 13-15 years relevant experience
    • Insurance industry experience will be an advantage
    • Experience in a multi-national organization in emerging market will be an advantage
    • Evidence of strong industry knowledge

    Method of Application

    Interested and qualified? Go to Coronation Insurance plc on to apply

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