Risk Specialist at Jubilee Insurance

Risk Specialist - JLIL049 

Role Purpose

The role holder will be responsible for integration and implementation of the risk strategy, policies, processes, and reports. The role holder will provide oversight and ensure execution of the risk management framework including the risk appetite statement, taxonomy, assessment, treatment, monitoring & reporting as well as communication and training to the business.

Main Responsibilities

• Develop and implement systems, policies and procedures for the identification, collection and analysis of risk related information.
• Carry out comprehensive risk assessments across the business & functional areas in line with the risk management framework.
• Evaluate the adequacy and effectiveness of controls established by management to ensure that identified risks are appropriately mitigated at both departmental and process levels.
• Maintain the risk registers and assist management in tracking progress on the implementation of risk mitigation action plans.
• Evaluate whether department strategies and initiatives are adhered to and are aligned with group goals and objectives.
• Coordinate the performance of strategic risk analysis by reviewing business processes in liaison with business owners to identify potential risks.
• Appraise the efficiency and effectiveness with which resources are deployed to ensure that they are put to the most productive use.
• Participate in the formulation and review of risk management and control activities for products to ensure they meet the set objectives and are worthwhile investments with a quantifiable return.
• Review new and on-going products to ensure that they are carried out only after a comprehensive risk assessment is done.
• Facilitate awareness and training programs on risk management, controls and compliance activities.
• Prepare reports for the Board Audit Committee.

Key Competencies

• Visionary Leadership
• Entrepreneurial Spirit
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit

Qualifications

• Bachelor of Commerce in Finance or any other related field.
• CPA – K Qualification

Relevant Experience

• Minimum of Five (5) years’ experience with 3 years at senior position.
• Deep knowledge of the insurance would be an added advantage

Position by 13th April 2022.