Risk Manager at Guardrisk

Role Purpose
The Corporate 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 Head of Risk: Corporate and will work closely with Business Partner Risk team, International Entities (Euroguard and Mauritius) as well as support functions across Guardrisk.  The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk.  

Requirements

• BCom (Auditing,Finance, Accounting, Risk Management)
• Membership to risk management bodies advantageous (GARP etc)
• GARP FRM advantageous
• Registration with the Institute of Risk Management South Africa (preferable)
• Knowledge of any of the well-known ERM frameworks (i.e. COSO)
• Excellent understanding of interconnectedness of risks
• Good understanding of financial and IT risk
• 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
• 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
• Create and implement new risk policies as required
• Facilitate reviews of the risk appetite statement to ensure it remains appropriate and recommend changes where this may be required
• Monitoring and challenge of business 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
• Perform internal validations to ensure alignment of risk tools
• Manage audit reports and findings to resolution and reporting
• 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
• Compilation, submission and/or presentation of risk reports to the various operations and/or governance forums within the business
• Preparation of Prudential Authority and other Regulatory Supervisors presentations/reports
• Effectively implement the Corporate Risk Strategy and annual plans
• Perform thematic deep dives on areas of material risk
• Manage, monitor and maintain the operational resilience plans for Guardrisk
• Responsible for the management and oversight of Third Party Risk
• 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/ tools
• 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, top risks and emerging risks
• Maintaining updated risk registers for applicable entities in the Grou.
• Management of the risk management team

Competencies

• Business acumen 
• Collaborative 
• Innovative 
• Networking