• Application Deadline:
• Position: Chief Risk Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 13 - 15 years


• Location Lagos


• Job Field Finance / Accounting / Audit  , Insurance 
  

The job holder’s primary responsibility will be to develop and implement a risk management framework with appropriate tools for the measurement, reporting and control of Coronation Insurance’s financial and non-financial risks.

Principal Duties & Responsibilities

• Establish the Coronation Insurance framework in compliance with International risk management standards and principles


• Ensure risk profile is aligned to the return/profitability aspirations of the business


• Articulate overall Risk Management policy and strategy at enterprise level and for individual risk areas


• Communicate Risk Management policy and strategy to operating entities


• Establish infrastructure, systems and processes for identifying, managing, controlling and reporting risks across the business


• Define risk acceptance criteria and risk tolerance limits for each risk area


• Cascade company risk acceptance criteria and tolerance limits across the businesses


• Oversee Risk Management functions across the business and ensure compliance with Group policy and direction


• Implement and monitor divisional budget as prepared and agreed in line with business needs/goals/requirements


• Ensure compliance with policies, standards for regulations in reporting


• Provide visionary leadership and direction for the company and guide their activities to ensure the achievement of their current to medium term strategies


• Develop skills of and provide career development for direct reports


• Ensure the process of automating each risk areas key workflows


• Promote risk management culture in the Company to maturity level


• Establish integrated stress testing


• Establish economic capital framework and integrate across risk areas


• Perform other functions as assigned by the Managing Director

Skills / Competence Requirements

• Required Knowledge, Skills & Abilities


• Knowledge and understanding of Insurance Operations (International and domestic)


• Strategic orientation. Creativity & innovation


• Good policy development and management capabilities


• Financial Acumen


• Finance & Accounting


• Insurance Industry Knowledge


• Financial Industry Knowledge


• Knowledge and Understanding of Financial Regulations (Domestic & International)


• Knowledge and Understanding of Risk Management and Financial Standards


• Environmental / Industry Analysis

Generic Skills

• Strategic Focus/ Orientation


• Integrity and Discretion


• Initiative/ Proactive


• Entrepreneurship


• Analytical skills / Problem solving


• Resilience, Tenacity and Integrity


• Interpersonal skills


• Communication (oral & written)

Supervisory Skills

• General managerial /administration


• Leadership/Influencing


• Organization & coordination skills


• Coaching and people management


• Conflict management

Minimum Qualifications

• Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.


• Minimum of 13-15 years relevant experience


• Insurance industry experience will be an advantage


• Experience in a multi-national organization in emerging market will be an advantage


• Evidence of strong industry knowledge