job description - Chief Risk Officer
- 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
Skills / Competence Requirements
Minimum Qualifications:
- Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.
- Must have 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
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
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The Company has a history of delivering efficient and transparent insurance solutions to discerning clients; a culture reflective of the strength and leadership which underpins the company’s foundatio