• Application Deadline: Sun, 14 Jul 2024 00:00:00 GMT
• Position: Team Lead, Entreprise Risk Management


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 10 years


• Location Lagos


• City Yaba


• Job Field Insurance 
  

Job Overview:

• To minimize risk of loss by defining and ensuring compliance with the approved risk management framework and processes for identification, controlling, managing and reporting operational , underwriting and claims, strategic and reputational risks across all businesses of the GIP.

Job Responsibilities;

• Establish framework, procedures and practices to ensure that operational, strategic  and reputational risk is appropriately identified, measured, monitored and controlled


• Drive implementation of operational risk action plan approved by the board


• Oversees the implementation of operational risk approach and strategies that are aligned with the GIP’s vision, mission and corporate objectives


• Identifies specific business risks in light of strategy and business specific operational changes 


• Determine and approve operational risk tolerance limits


• Formulate and ensure compliance with sensitive operational risk policies


• Develop strategies for mitigating all business and operational risk


• Oversee and ensure the integrity of operational risk assessment process across the business


• Provide direction and drive assimilation of Operational risk management culture across all levels and functions Company wide


• Establish risk mitigation and control processes


• Ensure quarterly surveys are carried out on all identified stakeholders


• Ensure timely regulatory renditions of reports


• Regularly estimate economic capital for strategic, reputational and operational risks


• Estimate and ensure stress testing on strategic and reputational risk


• Develop risk models for measuring strategic and reputational risk


• Establish and maintain effective BCM for business resilience in GIP

Requirements;

• A first degree in any discipline.


• Relevant Master’s degree, preferably in Risk Management.


• Minimum of 5 years post qualification experience in operational  risk management within the Financial Services Industry , of  which at least 3 must have been in the Insurance Sector


• Recognized professional certification such as ACII, ACIIN, MIRM, CFA, ACCA, ACA, etc.

Skills and Competencies Requirement;

Required Knowledge, Skills & Abilities

• Knowledge of operational risk best practices


• Advanced knowledge of operational, strategic and reputational risk measurement  methodologies


• Insurance Operations


• Technical Expertise


• Environmental / Industry Analysis


• TQM


• Documentation

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


• Leadership


• Mentorship


• Initiative/Entrepreneurship/ taking ownership


• Team building / conflict management


• Organization & coordination


• General managerial /administration