Team Lead, Risk Management at Coronation Insurance Plc

Role Responsibilities

• Manage and report risks in accordance with the company’s governance framework and policy guidelines
• Provide support in the implementation of the company’s Risk Management Framework, Risk Appetite Framework, Operational Risk Framework and Reputational Risk Framework
• Review the above Frameworks as at when required and developing new risk frameworks to address emerging risk issues
• Engagement of various stakeholders to set and communicate appropriate risk appetites/ tolerances.
• Monitor appropriate risk indicators and triggers for the company
• Participate in the identification, assessment, treatment, monitoring and reporting of risks across the company
• Monitor and evaluate the company’s performance in the application of risk in its decision-making process and propose continuous improvements
• Set risk exposure limits in collaboration with relevant stakeholders.
• Conduct periodic stress test on various risk metrics and indicator and recommend appropriate measures to mitigate the observed vulnerabilities.
• Contribute effectively to the embedding of risks within the company by actively participating in targeted firm-wide training and awareness sessions on an on-going basis
• Contribute effectively to the management of financial and non-financial risks across the company
• Ensure the compliance of risk appetite and portfolio limits and contribute to the effective management of exposures that adversely impact the company’s balance sheet
• Interpret and apply changes in environment to risk operating procedures.
• Support the conduct of policy and compliance audits, which will include liaising with internal and external auditors.

What we are looking for

Required Competencies

• Strong understanding of Enterprise Risk management concepts
• Strong knowledge on portfolio risk management techniques, e.g. key risk metrics for players in the financial markets, capital management, database management, risk analysis etc.
• Strong understanding of development and trends in both international and African financial sectors, as well as regulations and trends within these markets
• Strong experience in the analysis of business metrics and the formulation of Key Risk and Performance Indicators
• Excellent interpersonal and communication skills.
• Attention to detail.
• Strong computer and research skills; knowledge of analysis software is preferred
• Strong analytical and problem-solving skills

Education and Work Experience

• Bachelor’s Degree in Finance, Accounting, Economics or Business Administration
• Relevant post-graduate degree is an added advantage
• Relevant Professional certification in risk management
• Minimum ten years relevant work experience in the financial services sector.
• Experience in the insurance sector will be an added advantage.