Assistant Risk Manager at CIC Insurance

PURPOSE:

Reporting to the Risk Manager, the Assistant Risk Manager will be responsible for identifying, analyzing, assessing and designing control/mitigation activities for the risks within the company and to ensure compliance to the set controls.

PRIMARY RESPONSIBILITIES:

Risk Management

• Assessment of risk positions and exposures for all CIC Group entities as well as actions taken to manage these risks.
• Analysis of trends and patterns and developing rules and strategies to improve the efficiency of risk identification and assessment
• Preparation and/or regular update of the risk framework, risk registers, risk appetite statements and risk tolerance statements for each of the CIC Group entities.
• Assessment of changes in CIC Group’s risk profile and pre-defined risk limits and advising management accordingly.
• Analyze emerging risks and trends, and develop strategies to mitigate exposure.
• Oversee development and implementation of risk mitigation plans and action tracking mechanisms.
• Ensure timely reporting to senior management and the Board, including updates on risk appetite, tolerance levels, and residual risk.
• Preparation of action tracking plans on risks and controls and monitoring agreed actions to closure.
• Maintenance of risk and incidence logs as well as monitoring of emerging risks.
• Monitor the residual risk within the set control;
• Coordinate risk champions in risk identification and analysis;
• Develop and recommend risk responses to management;

 Reporting & Communication

• Prepare high-quality reports and presentations for executive and board-level risk and compliance discussions.
• Provide quarterly status reports on data protection and risk management to senior and middle management.
• Escalate instances of non-compliance or high-impact risk events promptly, with recommended actions.

Leadership & People Management

• Supervise and coach the reportees, including performance appraisals and development planning.
• Foster cross-functional collaboration on risk and compliance initiatives across CIC subsidiaries.

Key Skills, Knowledge, Experience and Behavioural Competencies
Academic and Professional Requirements

• Education    Bachelor’s Degree    Bachelor’s degree from a recognized university.
• Professional Qualification    CISA/CISM/CRM or Progress in CPA.

Experience Required:

 Description    Required years of experience

• Relevant experience    5 years