Team Lead Enterprise Risk Management at Coronation Insurance Plc

Principal Duties and Responsibilities 

• Responsible for identifying and mitigating risk, assessing risk tolerances, and monitoring risk performance in Coronation Life Assurance Limited.
• Supports the Head, Enterprise Risk Management in the implementation, review and approval of the enterprise-wide risk and governance framework which includes 
• Coronation Life Assurance Limited risk culture, risk appetite, and risk limits.
• Actively monitors the risk-taking activities and risk exposures to ensure they are in line with the approved risk appetite, risk limits.
• Responsible for conducting risk assessments on strategic initiatives.
• Establishes early warning or trigger system for breaches of the Coronation Life Assurance Limited’s risk appetite or limits.
• Coordinate all risk champions in various department, work closely with the champions to identify and monitor the risk their units may be exposed to.
• Provides leadership on risk related issues and serve has a strategic partner to all departments.
• Maintain risk register for all departments and develop in conjunction with relevant business units, risk controls for managing identified risks.
• Develop and implement an annual risk plan for managing risks at Coronation Life Assurance Limited
• Implement a robust risk reporting procedure to ensure risks are reported/escalated to
• Board Risk Committee, Executive Management or group/ unit heads.
• Carry out other responsibilities as may be assigned by the Head, Enterprise Risk Management.
• Educate, and train staff to build risk awareness within Coronation Life Assurance Limited.

Competency and Skill Requirements 

• Good understanding and of enterprise risk.
• Knowledge of regulations governing the insurance industry.
• Understanding of quantitative and statistical risk models.
• Problem-solving abilities.
• Good command of verbal and written communication skills.
• Ability to multitask.
• Strong Organizational Skills.
• Ability to work under pressure.
• Analytical Skills.
• Strong Presentation skills.
• Excellent time management skills.
• Approachable.
• Open-minded with the ability to follow instructions and deliver quality results.

Minimum Qualifications 

• Bachelor’s Degree in Accountancy, Finance, Economics, Statistics Business Administration or any relevant social science discipline.
• Minimum of 8-10 years’ experience in risk/ compliance management.
• Professional qualification/certification is an advantage.