Risk Manager at Momentum Metropolitan Holdings Limited

Role Purpose    

• The risk manager will be responsible for Guardrisk Group including  short, long-term insurance and micro insurance license under its management control.
• 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 and supports the Managing Execute:  Governance and Risk. The risk manager and will work closely with all of the functional area line managers of the Cell-Captive planning units within Guardirisk.  
• The Risk Manager as part of the risk management function acts as second line of defence within Guardrisk. 

Requirements    

Qualifications            

• Grade 12
• Relevant BSc Degree (Stats, Actuarial Science or Econometrics)
• Relevant BCom Degree (Risk Management)
• Relevant membership Qualification

Experience

• Registration with the Institute of Risk Management South Africa (preferable)
• Knowledge of any of the well-known ERM frameworks (i.e. COSO).
• 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.
• 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.
• 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

• Understands how the business operates, what the key issues and risks are that drives business success; and how they impact on the commercial viability of potential ventures and the profitability of the Group.

Collaboration            

• Prioritises the business interests of Guardrisk and invests in the success of the group by aligning effort across divisions.

Client/ Stakeholder Commitment             

• Anticipates, meets and exceeds client’s needs by creating long lasting relationships that support the client value proposition, supports their financial wellness and ensures client centricity. 

Impact and Influence          

• Persuades, convinces, influences and inspires others, both within Guardrisk and externally to win support, loyalty and gain commitment to the purpose of MMI.

Results & Solutions focused driven          

• Drive a sense of urgency, focus, accountability, agility and execution to deliver business results.         

Networking   

• Create and maintain a useful network of expertise to advance the interest of Guardrisk

Leads Change and Innovation       

• Actively leads change, does what is right for the business and drives continuous improvement through innovation.        

Diversity and Inclusiveness            

• Is sensitive to individual and cultural differences and demonstrates humility and an openness to engage people from diverse backgrounds and cultures to the mutual benefit of all parties concerned.

Closing Date    

• 2026/02/02