Risk Manager - Outsurance, Pretoria

  • Pretoria
  • Salary: On Application
  • Job Type: Permanent
  • Sectors: Insurance
  • Posted by Outsurance on Thursday, September 12, 2019
  • Reference: Risk Manager
  • Apply before Friday, September 20, 2019 - 2 Days left

Vacancy Details

Employer: Outsurance

OUTsurance is a customer-centric financial services company with a global foot print. We are vibrant, successful and values orientated with an awesome dynamic culture encapsulated by the ethos that clients and staff “always get something OUT.” Our success can be attributed, amongst other things, to the outstanding people that work for us.

To maintain, manage and execute on a comprehensive process for identifying, assessing, mitigating, monitoring and reporting on risks that the Group face or may face in line with the Group Risk Management Strategy. The Risk Manager operates in the Group Risk Management Department and reports to the General Manager for Financial Risks, Data Analytics and Insights for Southern African Operations. The person works in a team with other Risk Managers and Analysts and will be assigned specific responsibilities and key performance areas within the team.

  • B.Com Risk Management, Finance, Economics or an equivalent degree/qualification

  • Extensive experience (2+ years) in risk management and people management

  • Experience in the financial services industry (short-term or long-term insurance industry experience preferable)

  • Specific discipline in financial risk management

Knowledge of the following:

  • Applicable legislative and regulatory framework for financial services organisations

  • Departmental policies and procedures

  • Principles and practice of Enterprise Risk Management concepts, frameworks and methodologies

  • Governance and accountability

  • Internal control and assurance

  • King Report on Corporate Governance

  • Risk Committee Charter

  • Risk Management policies.

 General Risk Management Responsibilities

  • Plan workshops for the year and schedule activities

  • Facilitate workshops with department managers and heads to categorize, identify, assess and rate risks

  • Capture the above-mentioned risks on the risks management system and maintain the register of risks through regular updates and workshops

  • Monitor effectiveness of controls, identify and monitor Key Risk Indicators in relation to approved risk appetite

  • Monitor, assess, quantify and report on financial risk events

  • Assist with the review of Risk Management policies

  • Plan and execute all activities in line with the Group Risk Management Strategy and other Risk Management policies.


Financial Risk Management

  • Identification and management of financial risks for the SA Group. This includes collaborating with the Actuarial and Finance departments to understand data, underwriting, reinsurance and other financial risks.

  • Monitoring and reporting on financial risk key risk indicators to the various organisational reporting structures.


Combined Assurance

  • Attend various relevant company forums and meetings including the Combined Assurance Forum meetings and actively participate in the activities

  • Interact with various stakeholders including management, the Internal Auditors, the Head of Actuarial Control Function (HAF) and Compliance and Quality Assurance teams

  • Relationship building with internal and external stakeholders

  • Maintain a high level of understanding of possible risks and procedures in each department.


Risk Management Reporting

  • Submit monthly and quarterly detailed reports of risk profiles, operational incidents and losses, monitoring, ethics and fraud risk management

  • Submit reports to the Chief Risk Officer for the Internal Risk Committee, Board reports and Audit, Risk and Compliance Committee

  • Provide feedback and input at the above-mentioned committee meetings.


Special Reporting and Other projects

 articipate as an individual or as part of a project team on special projects such as:

  • Solvency Assessment and Management (SAM)

  • Own Risk and Solvency Assessment (ORSA)

  • Accounting principles including IFRS 17

  • Aligning risk registers to be consistent across the Group

  • Aggregation of risks across the Group.


Skills and Competencies

  • The applicant should be well familiar with the MS Office suite.

  • Good interpersonal relationships and excellent communication

  • Ability to operate and think independently

  • Problem solving

  • Decision making

  • Attention to detail

  • Negotiation

  • Ability to meet deadlines and set priorities

  • Organising and planning

  • Ability to work under pressure

  • Ability to learn quickly

  • A good sense of judgement.

  • Excellent administration and organisational skills.

  • Self-disciplined and self-motivated.

  • Be an analytical thinker with an investigative instinct.

  • Takes ownership and responsibility.

  • Must maintain strict confidentiality.


Additional Information:

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.

Apply before Friday, September 20, 2019 - 2 Days left Companies may expire jobs at their own discretion. If you have not received a response within two weeks, your application was most likely unsuccessful.
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About Outsurance

OUTsurance Insurance Company was 'brought to life' by Willem Roos, Howard Aron and René Otto in early February 1998. OUTsurance is a member of the Rand Merchant Insurance Holdings (RMI) Group and an approved financial services provider.

We're leaders in the short-term insurance market offering car and home insurance directly to South Africans. In 2003 Business OUTsurance launched to cater for the unique business insurance needs of all types and sizes of businesses. In August 2010 we expanded into the life insurance market by offering comprehensive death, disability and critical illness cover as a fully-fledged life insurer too.

Internationally, OUTsurance Namibia has been operating in the personal short-term insurance market since July 2007 and in November 2008 Youi, our sister company in Australia, launched with world-class online quoting functionality offering car and home insurance.

OUTsurance is vibrant, successful and values orientated with an awesome culture. We are growing fast which means ongoing career and growth opportunities.