THE FEDERATED EMPLOYERS MUTUAL ASSURANCE COMPANY (RF) PROPRIETARY LIMITED was established as a mutual insurer in 1936 and on the introduction of the Workmen's Compensation Act 1941 was granted a licence to continue to transact workmen's compensation insurance for the building industry.
Its business operations are essentially confined to the insurance of e...
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Assist in the development, implementation, and continuous improvement of the risk management framework, policies, and procedures across the business
Support the identification and assessment of risks across the business with a focus on operational risks
Participate in risk assessment exercises, contributing to risk mitigation and strategic decision-making processes
Support operational risk management activities through management of incident reporting, actions tracking, Risk and Control Self-Assessments and Key Risk Indicators
Identify control weaknesses and gaps in business processes and activities and propose corrective actions
Engage in continuous monitoring and evaluation of the risk landscape, recommending improvements to risk management practices and controls
Facilitate risk reporting by compiling and analyzing risk data, preparing reports for the Operational Risk Manager, CRO, senior management, and relevant committees
Assist with the development of materials for the Combined Assurance Forum meetings
Contribute to the business continuity planning processes to help ensure the company is prepared to respond to and recover from disruptive incidents effectively
Assist in the oversight and management of third-party risk, ensuring that vendor relationships are governed by robust risk management practices
Collaborate with all departments to promote a culture of risk awareness and compliance throughout the organization
Assist with regulatory reporting submissions
Stay up to date with regulatory changes to ensure risk management activities remain compliant and effective
Requirements:
Bachelor’s degree in finance, risk management, economics, or a related field
Minimum of 2-3 years’ work experience in risk management, preferably within the financial sector
Strong understanding of risk management principles and practices
Familiarity with insurance regulations is an advantage
Proficiency in risk assessment and reporting tools with excellent analytical and quantitative skills
Effective communication and interpersonal skills with an ability to work collaboratively across teams and with senior management
Demonstrated ability to manage multiple tasks and projects simultaneously with high attention to detail and organization
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