Responsible for assisting in the implementation and management of enterprise risk management.
Requirements
- BCom Accounting/ BACC/ Risk Management
- At least 3- 5 years work experience in similar role
- At least 3- 5 years insurance industry experience
- Understanding of Enterprise Risk Management (ERM)
- Own Risk and Solvency Assessment (ORSA) and Solvency Assessment and Management (SAM) practices and philosophy and relevant local legislation and regulations impacting risk management
- Comprehensive risk management skills encompassing the regulatory, risk governance, risk management and IT risk management landscape
- Relevant industry and technical skills and experience
- Preferred: Quantitative, financial, and accounting knowledge
- Build strong relationships with internal and external stakeholders at all levels and the wider Risk, Legal and Compliance community to remove hurdles and obstacles and co-create an empowered and risk-aware culture
- Engage with relevant internal stakeholders to advise them on the risk profile and to keep them in the loop of issues that need to be escalated
- Conduct the risk management component of due diligence reviews of new clients as well as periodic reviews and monitoring of existing clients
- Ensure appropriate governance, risk management and internal controls are in place internally and with clients
- Maintain, update, monitor and report on the risk profile of each client
- Identify changing client needs and incorporate client feedback into improved business processes and systems
- Participate in internal group forums to ensure local business is s kept abreast of relevant Risk events and initiatives, take note of key action points and follow-through to ensure execution
- Apply specific technical and business insights in liaising with individual risk owners on a day-to-day basis to understand, manage and optimise end-to-end risk identification, assessment, monitoring, quantification, treatment and reporting processes
- Work closely with business to co-create plans and solutions and ensure proactive risk management is embedded in their processes
- Work closely with business and Risk Managers to flag and mitigate material risks (including IT Risk)
- Produce Risk reports highlighting areas of concern, opportunities and anything requiring further investigation
- Conduct regular interviews to assess and monitor risks
- Continuously monitor and evaluate the overall risk profile across (with a specific inclusion of IT Risk) the risk spectrum for relevant department(s) to provide a combined assurance view
- Ensure the audit plan speaks to the risks identified in the risk plan
- Identify internal and external Risk trends
- Access different databases, newsletters and newspapers and prioritise what is relevant to understanding the broad Risk environment
- Act in an ethical, transparent and morally defensible manner, including highlighting unethical practices
- Identify financial and business risks and escalate accordingly
- Identify opportunities to enhance efficiencies and reduce wasteful expenditure
- Set the pace and tone for the Risk function and ensure everyone is focused on the right priorities
- Create a positive work climate and culture to energise team members, minimise work disruption and maximise team members productivity
- Act at all times in ways that are consistent with Momentum Metropolitans brand and values
- Action/ behaviour are consistent with Guardrisks values
- Continuously drive own professional development and engage constructively with performance feedback
- Handle stress in ways that do not negatively impact others
- Continually share, debate and communicate learnings
- Work collaboratively with others to achieve shared goals, including flagging and debating issues constructively
- Positively influence and manage change
