Education
-• BCom Degree or NQF level 7 Equivalent Qualification in Risk Management or Internal Auditing or Finance
-Preferred • Certification: CRM Prac and/or CRM Prof • Certification in IT Risk Management / Cyber Security / Other equivalent certification • Certification: CRISC

Experience
-• Minimum 5 years' experience in Enterprise Risk Management, with a minimum of 3 years working in the insurance sector.
-• Sound knowledge of operational risk framework and enterprise-wide risk framework
-• Expertise in risk management principles and methodologies, including risk assessment, mitigation strategies, and adherence to industry best practices.
-• Knowledge of regulatory compliance and short-term insurance legislation, including the Insurance Act and other relevant regulatory frameworks, as well as corporate governance standards.
-• Proven track record in conducting risk assessments, designing and implementing control frameworks, and providing assurance within the financial services industry.
-• Proficiency in key risk management concepts such as risk appetite, risk response strategies, and process improvement.
-• Strong understanding of regulatory and financial reporting risk principles and their practical application.
-Preferred • Proficiency in risk management tools and software. • Proficiency in big data, AI, and machine learning for enhanced risk assessments and predictive modelling • Experience with emerging risk technologies, data analytics, and digital risk management tool

Position Description
-• Identify financial and business risks and escalate accordingly
-• Identify opportunities to enhance efficiencies and reduce wasteful expenditure
-• Improve the effectiveness and relevance of internal and external loss operational risk data.
-• Monitor and analyse major operational risk losses and control breakdowns
-• Collect and analyse operational losses in the responsible areas, perform trend and root cause analysis
-• Identify and maintain the principal risks of the organisation and appropriately allocate risk owners
-• Conduct the risk management component of due diligence reviews on new clients as well as ongoing periodic reviews and monitoring of existing clients
-• Ensure appropriate governance, risk management and internal controls are in place internally and with clients
-• Apply specific technical and business insights in liaising with individual risk owners on a day-to-day basis to understand, manage and optimise end-to-end risk identification, assessment, monitoring, quantification, treatment and reporting processes
-• Maintain a risk management philosophy and culture within the organisation through awareness campaigns and training initiatives.
-• Assist with the development of effective of Key Risk indicators.
-• Implementation and maintain of all approved Risk Management Policies and Frameworks within the business.
-• Evaluate the RAG status of all principal risks.
-• Generate monthly and quarterly reports, providing insight into the status of all principal risks.
-• Provide oversight on all risk events reporting (including remediation) within the organisation
-• Assist in ensuring the organisation complies with internal policies and all regulatory requirements in line with the Combined Assurance methodology.
-• Continuously monitor and evaluate the overall risk profile across (with a specific inclusion of IT Risk) the organisation`s risk spectrum for relevant department(s) to provide a combined assurance view.
-• Ensure that all tasks are delivered according to the risk management plan or strategic objectives.
-• Conduct risk awareness and training campaigns within the organisation in line with identified skills gaps and compliance requirements.
-• Conduct risk assessment of assigned department or functional area in established/required timeline.
-• Provide guidance to the risk owners within business
-• Identification, recording and consolidation of all significant risks facing the organisation in conjunction with the business owners.
-• In conjunction with business, develop and implement a control environment that can effectively mitigate the risks identified to the satisfaction of senior management.
-• Build strong relationships with internal and external stakeholders at all levels and the wider Risk, Legal and Compliance leadership to remove obstacles and co-create an effective and risk-aware culture
-• Work closely with business to co-create plans and remedial solutions and ensure proactive risk management is embedded in all their processes.
-• Work closely with business and Risk Managers to identify and mitigate material risks.
-• Develop and maintain a risk reporting pack that provides Risk, Audit and Compliance Committee (including EXCO) with the required risk information and status to facilitate timeous and informed decision making.
-• Review the risk forum packs before circulation to the relevant management in preparation for meetings.
-• Train and develop risk skills within business to ensure business ownership.
-• Establish risk awareness and understanding within the business.
-• Ensure risk ownership is understood and allocated to the area where it can be managed most effectively.
-• Co-ordinate internal, external audits, and client review outcome
-• Identify, report, and mitigate risk ensuring processes are followed correctly to mitigate risk to the business
-• Take accountability for performance and development.
-• Participate and contribute to a positive company culture.
-• Create a culture of ownership and accountability throughout the organisation in support of our values.
-• Manage attendance and productivity adherence requirements in line with acceptable business rules and policies.