Manager Risk Department

5 months ago


Umhlanga, South Africa Dawning Truth Full time

Leading Financial Institution seeks motivated analytical individual to manage their dynamic actuarial team. This role is long term insurance industry. As such, the person must be responsible for determining an implementing the full insurance risk strategy and this will ensure the company complies with the SAM legislation. The individual will need to execute all necessary changes in business to ensure that the company complies with the new governances. Full Actuarial certification with exposure to SAM Solvency II essential.

As such all activity will take place in this context:

Understanding internal rating for capital adequacy purposes. Defining the output required from the internal capital model together with the validation and governance thereof Understanding of new risk management policies. Documenting of new risk management policies. Revision of current risk management policies where applicable Understanding IRB Approaches and systems. Setting and monitoring risk tolerances and risk appetites Embedding risk management within daily activities of the business Drafting monthly and quarterly risk reporting to all stakeholders Setting up of and monitoring of financial indicator data and dashboards Integration of the risk management function with the corporate actuarial function Setting up, review and monitoring of the Companies Own Risk Self- Assessment Process and the Use Test

Key Job Deliverables:

Forecasting Analysis and reporting. Accurate Analysis of financial indicators. Create and maintain efficient monitoring and reporting structure. People management

Background work experience

5 + Years Risk Management Experience within the life industry Qualified Actuary Experience in Life Insurance Strong skills in Word, Excel, Access, SQL SAM Solvency II

Qualify In Criteria

Deadline driven Takes initiative – Proactive Self Starter Ability to work under pressure Ability to work with both people and data Accuracy/ attention to detail Ability to identify problems Self-motivated Team Player Disciplined Ability to motivate staff Must be willing to learn Ability to communicate effectively with all stakeholders A definite team player with the ability to work independently when required Strategic thinker

Qualify Out Criteria

Abrasive Emotionally cold Introverted – Not a people person Wants to be spoon fed Cannot communicate Cannot think for themselves Cannot operate independently Poor analysis skills Not detailed orientated Lethargic Blamer

Personality Summary

You will have a passion for insurance with a highly analytical mind. You will have a high drive and be highly results orientated. You will be facts and figures orientated while paying attention to detail. You will have excellent people skills and will be able to motivate and lead a team. You will have a sense of responsibility, with good communication skills and able to work under pressure.

Benefits of this Role:

Be in the forefront of a winning team. This company is going places

Location: Umhlanga Ridge , Durban

Salary:

Basic: R 600 K to R 900 K per annum (dependent on experience and proven track record). .

Type: Permanent

Start: ASAP

Reference: DT105


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