Chief Risk Officer (Life and Non-Life) at Coronation Insurance Plc

Job Summary

• 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

Minimum Qualifications

• Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.
• 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

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.