Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.
We are recruiting to fill the position below:
Job Title: Team Lead, Enterprise Risk Management
Location: Yaba, Lagos
Employment Type: Full-time
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.
Application Closing Date
14th July, 2024.
Method of Application
Interested and qualified candidates should forward their CV to: [email protected] using the Job Title as the subject of the email.