Team Lead, Entreprise 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 GIP.

Job 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 GIP

Requirements;

• A first degree in any discipline.
• Relevant Master’s degree, preferably in Risk Management.
• Minimum of 5 years post qualification experience in operational  risk management within the Financial Services Industry , of  which at least 3 must have been in the Insurance Sector
• Recognized professional certification such as ACII, ACIIN, MIRM, CFA, ACCA, ACA, etc.

Skills and Competencies Requirement;

Required Knowledge, Skills & Abilities

• Knowledge of operational risk best practices
• Advanced knowledge of operational, strategic and reputational risk measurement  methodologies
• Insurance Operations
• Technical Expertise
• Environmental / Industry Analysis
• TQM
• Documentation

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
• Leadership
• Mentorship
• Initiative/Entrepreneurship/ taking ownership
• Team building / conflict management
• Organization & coordination
• General managerial /administration