Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients’ circumstances.
We are recruiting to fill the position below:
Job Title: Risk Officer
Ref No: JR-38020
Location: Lagos
Job Type: Full-time
Job Description
- This role is individually accountable for assisting the BU in establishing and embedding a culture of proactive risk based decision making as well as ensuring that risk processes are implemented at the BU level.
- The individual is accountable for achieving results through their efforts over periods of up to 3 months.
Descriptor:
- Challenges risk management information collated by and received from business units.
- Ensures risk processes (risk assessment, identification, management, reporting, and optimization) are occurring at the BU level.
- Provides knowledge of systems/supporting guidance, and procedures and assists the business in the implementation of risk issues.
- Provides oversight for risk management activities ensuring Group Risk Policy statements are met.
- Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures.
- Ensures compliance by the BU with applicable legislation by means of the implementation of compliance risk management
- and monitoring plans.
- Ensures monthly risk control logs are updated and follows up with various Line Managers.
- Performs quarterly compliance audits on processes.
- Performs monthly quality assurance reviews on audit issues and identified control breaks.
- Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
- Reports risk events and compliance breaches to management on a monthly/quarterly basis.
- Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate risk issues and non-compliance with legislation and regulation.
Key Result Areas
Personal Effectiveness:
- Accountable for service delivery through own efforts.
- Individually accountable for managing own time, tasks, and output quality for periods of up to 3 months.
- Makes increased contributions by broadening individual skills.
- Collaborates effectively with others to achieve personal goals.
- Accepts and lives the company values.
Risk Management:
- Challenges risk management information received from reporting entities
- Ensures risk processes (risk assessment, identification, management, reporting, and optimization are occurring at the BU level.
- Provides knowledge of systems/supporting guidance, and procedures and assists the business in the implementation of risk issues.
- Provides oversight for risk management activities, ensuring Group Risk Policy statements are met.
- Provides support in carrying out risk-related responsibilities.
Compliance:
- Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures.
- Ensures compliance by the BU with applicable legislation by means of the implementation of compliance risk management and monitoring plans.
- Performs quarterly compliance audits on processes.
- Reports compliance breaches on a monthly/quarterly basis.
- Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate non-compliance with legislation and regulation.
Reporting:
- Ensures monthly risk control logs and risk events are updated and follows up with various Line Managers.
- Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
Qualification & Experience
- Bachelor’s Degree.
- 3 years relevant experience.
Deadline: 13th April, 2023
Method of Application
Interested and qualified candidates should:
Click here to apply online
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