Risk Manager

**Introduction**

The risk manager will be responsible for Guardrisk Group including 5 short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. The successful applicant will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise risk management framework. The Risk Manager reports to the Managing Executive: Governance, Risk, Legal & Compliance and will work closely with the actuarial and finance units as well as all of the functional area line managers. The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk.

**Role Purpose**

The risk manager will be responsible for Guardrisk Group including 5 short and long-term insurance licenses under its management control and exposure to international insurance licenses in the Group. The successful applicant will be responsible for identifying, assessing, managing, monitoring and reporting of risk as well as the management of the enterprise risk management framework. The Risk Manager reports to the Managing Executive: Governance, Risk, Legal & Compliance and will work closely with the actuarial and finance units as well as all of the functional area line managers. The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk.

**Requirements**:

- Grade 12
- Relevant BSc Degree (Stats, Econometrics, B Com)
- 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)
- Good understanding of Solvency Assessment & Management (SAM)
- Above average working knowledge of MS Office and Risk Management Software platforms
- Understanding or exposure to basic quantitative risk management concepts
- At least 3-5 years risk management experience in the financial services sector, preferably in or with exposure to a short-term insurance or a long-term insurance environment
- At least 2 years’’ experience in the implementation of a risk management framework essential
- Excellent understanding of risk management best practices
- Experience in conducting of risk assessment
- Experience in managing staff

**Duties & Responsibilities**
- Ensure the enterprise risk management framework is effectively implemented within the business
- Review 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
- 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 operations and/or governance forums within the business
- Liaising with and exchanging information with the other assurance providers as part of the combined assurance approach
- Responsible for the management of the risk management platform
- 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
- Risk monitoring on risk appetite, risk registers, loss data, combined assurance, key risk indicators and emerging risks
- Maintaining updated risk registers for applicable entities in the Group
- Management of the risk management team

**Competencies**
- Business acumen
- Collaborative
- Leads change and innovative
- Good networking skills