Risk Practitioner

Join TIH, home to some of South Africas leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Assist with embedding the Enterprise Risk Management endeavors within the TIH Group, monitor and report at the appropriate levels where the management of its mitigation can be affected and accounted for. Assist with risk management procedures such as control assessments, risk appetite monitoring and risk assessments across the Group. Provide support on Business Continuity across the Group. Ensure regulatory compliance with the GOI requirements from the Prudential Authority with respect to the Risk function. Assist with analysis of financial statements of other players in the long and short term insurance industry, locally and internationally, in order to draw meaningful conclusions and provide insights.

Responsibilities

Risk Management & Analysis

Keep track of risk parameters, identify deviations and report them to more senior colleagues. Work within established risk management systems. Ensure Risk log is complete, up to date and reflects the losses, near misses as and external events. Ensure incident information is correct and control manage the risk appropriately. Monitor risk appetite and report on risk breaches. Enable Business Continuity Management coordination and reporting. Ensure the Internal Audit scope is appropriate, and risk based. Assist with sharing incidents and risk registers with Internal audit to aid their review. Ensure internal audit findings are tracked, and progress is monitored. Strengthen Business Continuity Management and Risk Management Awareness within TIH through awareness and training.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, refer to others where necessary for interpretation of policy. Communicate Risk reports to stakeholders which include business, the Risk Committee, other assurance providers and the Regulator. Provide input into the risk Management sections of the ORSA.

Internal Client Relationship Management

Build effective working relationships within the internal client organisation and contribute to the management of the partnering relationship, deliver high-quality professional services within established routines or as part of an agreed project.

Data Collection & Analysis

Collate and analyse data using pre-set tools, methods and formats. Perform regular control assessments, demonstrate an understanding of the controls as well as the underlying business and challenge controls to ensure that the controls are appropriate in relation to the risk.

Recommendations

Provide information and clarification on existing procedures, processes and precedents. Manage the incident reporting process, specifically in terms of control reviews and future improvements.

Policy Development & Implementation

Work within established procedures to achieve specified goals. Coordinate the development and ongoing maintenance of relevant business continuity policies and procedures. Ensure that policies and procedures comply with all regulatory requirements. Update relevant policies and align risk management practices to the regulatory requirements.

Compliance

Identify shortcomings in compliance processes, systems and procedures, and develop ad hoc solutions to problems within an assigned unit or discipline. Ensure regulatory compliance within the risk division. Ensure that the Business Continuity Management regulatory requirements are met. Ensure risk and BCM practices are aligned to market best practice.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation where relevant to improve performance and fulfil personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Education

Grade 12/ SAQA Accredited Equivalent (Essential); BSc / BCom / BTech Degree (Essential); Degree in Risk Management/Financial Risk or similar Professional qualification in Risk Management FRM/PRMIA ORM/ CRISC (Advantageous) (Required)

Experience

3-5 years risk management experience in the financial services industry (Essential);

Experience in Insurance industry (Advantageous).

Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.