Team Lead, Enterprise Risk Management at Guinea Insurance plc

Job Overview;

To minimize risk of loss by defining and ensuring compliance with the approved risk management framework and processes for identification, controlling, managing and reporting operational, underwriting and claims, strategic and reputational risks across all businesses of the Guinea Insurance Plc.

Key Responsibilities;

• Establish framework, procedures and practices to ensure that operational, strategic and reputational risk is appropriately identified, measured, monitored and controlled
• Drive implementation of operational risk action plan approved by the board
• Oversees the implementation of operational risk approach and strategies that are aligned with the GIP’s vision, mission and corporate objectives
• Identifies specific business risks in light of strategy and business specific operational changes
• Determine and approve operational risk tolerance limits
• Formulate and ensure compliance with sensitive operational risk policies
• Develop strategies for mitigating all business and operational risk
• Oversee and ensure the integrity of operational risk assessment process across the business
• Provide direction and drive assimilation of Operational risk management culture across all levels and functions Company wide
• Establish risk mitigation and control processes
• Ensure quarterly surveys are carried out on all identified stakeholders
• Ensure timely regulatory renditions of reports
• Regularly estimate economic capital for strategic, reputational and operational risks
• Estimate and ensure stress testing on strategic and reputational risk
• Develop risk models for measuring strategic and reputational risk
• Establish and maintain effective BCM for business resilience in Guinea Insurance Plc

Requirements;

• First Degree in any discipline
• Relevant Masters degree preferably in Risk Management
• Minimum of 5 years post qualification experience in operational risk management within

financial services Industry, of which at least 2 must have been in the insurance sector.

• Recognized professional certification such as ACIIN, MIRM,CFA.CIS, CFA CRM, FRM, PRM
• Excellent communication and stakeholder management skills
• Advanced knowledge of operational, strategic and reputational risk measurement methodologies

Key Competencies

• Attention to detail
• Critical thinking
• Integrity and professionalism
• Ability to work independently and in a team
• Strong organizational and time management skills