Risk Specialist Job at Old Mutual Nigeria
Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.
We are recruiting to fill the position below:
Job Position: Risk Specialist
REF: 1432/NIGE/EU/Risk Specialist/Nigeria/221119
Job Location: Nigeria
Contract: Permanent
Available: ASAP
Category: Insurance
Introduction
- This role is individually accountable for assisting the BU in establishing and embedding a culture of compliance as well as ensuring that risk processes are implemented at BU level
- The individually is accountable for achieving results through own efforts over periods of up to 3 months.
Description
- Challenges risk management information received from reporting entities.
- Assist with implementation of business risk strategy and policy
- Ensures risk processes (risk assessment, identification, management, reporting and optimisation) are occuring at BU level.
- Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues.
- Provides oversight for risk management activities ensuring Group Risk Policy statements are met.
- Ensures monthly risk control logs are updated and follows up with various Line Managers.
- Provides assistance to business unit management where required to embed risk management & provide challenge where deemed appropriate.
- Ensures that risk processes (risk assessment, identification, management, reporting & optimisation) are implemented.
- Performs process risk assessments to provide assurance on the controls in operating procuderes and processes
- Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
- Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate risk events
Key Result Areas
Personal Effectiveness:
- Accountable for service delivery through own efforts.
- Individually accountable for managing own time, tasks and output quality for periods of up to 3 months.
- Makes increased contributions by broadening individual skills.
- Collaborates effectively with others to achieve personal goals.
- Accepts and lives the company values.
Risk Management:
- Challenges risk management information received from reporting entities
- Ensures risk processes (risk assessment, identification, management, reporting and optimisation are occuring at BU level.
- Provides knowledge of systems/supporting guidance, procedures and assists the business in implementation of risk issues.
- Provides oversight for risk management activities, ensuring Group Risk Policy statements are met.
- Provides support in carrying out risk related responsibilities.
Compliance:
- Assess complaince by the BU with applicable with Risk policy and facilitate means of the implementation of remediation of identified gaps
- Reports risk event and compliance breaches on a monthly/quarterly basis.
- Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate non compliance with risk policy suite
Reporting:
- Ensures monthly risk control logs are updated and follows up with various Line Managers.
- Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
Minimum Requirements
- Bachelor's Degree with 3 - 4 years relevant experience in risk management / internal controls / actuarial science. Insurance experience would be an advantage
Similar Jobs
- Internal Control and Compliance Officer Job at ReelFruit
- Risk and Compliance Officer Job at DCSL Corporate Services Limited
- Risk and Quality Manager Job at PricewaterhouseCoopers
- Compliance Officer Job at Gtext Group
- Job Vacancies at Greenwich Trustees Limited
- Job Openings at Citibank Nigeria Limited
- Compliance Manager Job at PalmPay
- Job Openings at HRD Solutions
- Risk Management Officer Job at VFD Group
- Compliance Manager Job at Migo Money Inc