Head of Risk

5 days ago

Sandton, South Africa Moving Heads Personnel Full time

**Head of Risk**

**Sandton**

Identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise risk management framework. Key stakeholders include actuarial, finance and all of the business functional areas.
- Drafting and preparing strategic risk appetite and risk management tools to scope direction for business
- Ensure the enterprise risk management framework is effectively implemented within the business.
- Develop and maintain risk management documentation such as the risk appetite statement, risk taxonomy, risk policies etc.
- Facilitate reviews of the risk appetite statement to ensure it remains appropriate and recommend changes where this may be required.
- Develop and monitoring of appropriate key risk indicators together with associated tolerances limits and related reporting.
- Undertake periodic risk assessments working with the various risk owners and ensure that the risk registers are kept up to date.
- Manage the own risk and solvency assessment (ORSA) process including coordinating all related inputs, outputs and assessments.
- Provide risk management guidance and training to staff and ensure the necessary documents are made available.
- Critical review of existing and/or development of new risk reports to ensure that they are suitable and useful to aid in decision making.
- Preparation, submission and/or presentation of risk reports to the various stakeholders in forums such as Manco, Opsco, Exco, Audit and risk committee and other governance related forums within the business.
- Establishing and maintaining combined assurance model.
- Identifying current/actual and emerging risks through evaluating internal and external risk environment on a continuous basis
- Aggregating, monitoring and advising management on the effective management and mitigation of identified risks.
- Develop and monitoring on risk appetite, risk registers, loss data, combined assurance, key risk indicators and emerging risks.
- Incorporate client feedback into the enhancement of daily business processes and management operating systems
- Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
- Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
- Identify solutions to enhance cost effectiveness and increase operational efficiency.
- Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
- Honours Degree (specialising in finance, audit and risk management)
- Relevant membership Qualification
- Registration with the Institute of Risk Management South Africa (preferable)
- Knowledge of any of the well-known ERM frameworks (i.e. COSO, King) and Prudential standards
- Solid understanding of Solvency Assessment & Management (SAM)
- At least 8-10 years’ experience risk management experience in the financial short-term insurance and long-term insurance m16.6m

**Job Types**: Full-time, Permanent

Ability to commute/relocate:

- Sandton, Gauteng: Reliably commute or planning to relocate before starting work (required)

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