Chief Risk Officer- Standard Insurance Limited
Job Overview
Business Segment: Insurance & Asset Management
Location: ZA, GP, Roodepoort, Ellis Street 4
To lead, manage & deliver an integrated and independent Risk Management Function to enable Standard Insurance Limited to seize opportunities in pursuit of growth, by managing Risks in a manner that balances the interests of clients and other stakeholders, while protecting the safety of the Enterprise, ensuring the ethical standards are adhered to.
To co-ordinate the establishment and maintenance of an effective risk management system including ensuring appropriate processes are in place to identify, assess, measure, manage, monitor and report on all material risks to which SIL is exposed.To promote a sound risk culture within SIL, ensuring appropriate ownership and management of risks at all levels.To establish clear, effective and efficient governance processes associated with the oversight, approval and delegation of authority with regards to risk related activities.To ensure alignment of the SIL risk management system with the policies, standards and processes set at an SBG and IAM level.To develop, shape and own the risk appetite, risk standards and risk management operations of SIL.To enable SIL to consciously seize opportunities in pursuit of growth, by managing business and associated risks in a manner that balances the interests of clients and other stakeholders, while protecting the safety and soundness of the business thereby ensuring the right risk-reward balance is achieved.To support the maintenance and oversight of the risk management system for short-term insurance across all entities within SBG.Owns and drives the process of embedding the SAM (Solvency Assessment and Management) Pillar II Risk and Governance frameworks and requirements for Standard Insurance Limited in terms of the Insurance Act and related Standards. Qualifications Preferred: Master's Commerce DegreePost graduate degree in Risk Management (Member of the Institute of Risk Management in South Africa)Post graduate qualification in Insurance: Fellow of the Insurance Institute of South AfricaPost graduate degree in Actuarial Science (Member of the Actuarial Society of South Africa (ASSA) and/ or associated international professional membership)Chartered Accountant (Member of the South African Institute of Chartered Accountants and/or associated international professional membership)Experience required: Extensive experience in Insurance risk management (in a financial services organisation across geographies will be an advantage)Extensive experience in managing insurance risk (short-term) for personal and business portfoliosExperience in managing investment risk for an Insurance portfolioExtensive experience in managing broader non-financial risks is required. Additional Information Challenging IdeasDeveloping ExpertiseDeveloping StrategiesDirecting PeopleEmpowering IndividualsExploring PossibilitiesMaking DecisionsProviding InsightsUpholding Standards
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