Risk Officer

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Insurance - Harare

Wanted is a Risk Officer to join an organisation in the Insurance sector in Harare . Candidates invited to apply.  

Salary: Not specified    Applications Received:  16    Job Posted: 2020-07-15 00:52:32    Job Deadline: 2020-08-14    Job Status: Placement



Years of Experience: 2

Job Description:

Duties and Responsibilities

  • Maintains accurate notes the context in which the Risk Management Policy (‘RMP’) is applied, including the business models and strategic thrust of operating units and service function.
  • Ensures completeness of the recording and analysis of events that could materially affect the risks facing the businesses.
  • Conduct risk assessment workshops and collates the risk registers for key risks.
  • Produces risk management reports for each operating unit and service function.
  • Advises management on prioritization of action to resolve risks that are mapped outside the acceptable risk tolerances.
  • Ensures adequacy of existing internal controls, risk management framework through continuous identification, measurement and reporting of risk positions
  • Monitors Risk Champion’s recording of the mitigation action plans, their roll-out and effectiveness
  • Evaluates the information and arguments presented at the workshops and determines any areas of uncertainty and refers conflict to the head of the SBU and GRM
  • Reviews, consolidates and submits quarterly reports and makes presentations on all Risk issues to the GRM for input into the Quarterly Audit Committee Reports
  • Liaises with Risk Champions and management as well as External Auditors and regulatory examiners in the review, evaluation and management of existing and emerging risks.
  • Provide advice to Group corporate clients on how to develop risk treatment plans; establishing appropriate risk reporting; identifying key metrics for risk monitoring; reviewing ERM goals and implementation plan; and identifying opportunities for improvement.
  • Coordinates activities in developing, implementing and sustaining an acceptable risk management environment and culture.
  • Researches and keeps abreast with emerging global trends and practices and ensures the knowledge is passed to all business managers
  • Liaises with the HR department, facilitating continuous training and awareness updates to all staff/stakeholders on Risk Management
  • Assist Group corporate clients to establish appropriate risk training programs; conducting risk awareness courses; training risk champions; and training Board Members on ERM and their oversight roles.

Qualifications and Experience

  • Degree in Risk Management or Insurance from a reputable institution or equivalent
  • Experience in a similar role
  • Exposure to financial services/insurance/medical aid environment is a distinct added advantage

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2018 Risk Officer salary range

Benefit Salary Range
Basic Salary: US$ 919 - US$ 1,966
Total Direct Cash: US$ 1,040 - US$ 2,204
Total Package: US$ 1,371 - US$ 2,946

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