Business Risk Analyst at Hollard Insurance

JOB PURPOSE

• To facilitate management and implementation of sound risk management capability within our Business Unit.
• To provide support to an effective risk governance framework that creates and protects value for our key stakeholders (including policy holders) in order to achieve our business strategy and objectives.
• Effectively implement enterprise risk management, proportionate to the nature, scale and complexity of our business and risks.

KEY RESPONSIBILITIES

• Analysing trends and performing root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring in future.
• Proactively monitor reports to identify the creation of certain risks that require monitoring.
• Ensuring that the group risk management framework, policies and strategy are understood and implemented at a business unit level.
• Ensuring risk identification, control and reporting processes are aligned with the Group Risk management methodology and requirements.
• Creation and ongoing support of a culture of risk awareness and a proactive approach to risk.
• Identifying and reporting on areas of significant Operational Risk.
• Assist and guide the business in the development of Operational Key Risk and lead indicators.
• Monitor the implementation of action plans mitigating processes to address key risk indicators reported monthly to Risk Management.
• Ensuring that Business Unit Risk Profiles are current and relevant.
• Facilitating and conducting risk control self-assessments (RCSA) of various areas within Business Unit and Partner businesses.
• Monitoring operational related Internal and External Audit findings.
• Performing Operational Risk Management reviews.
• Maintaining the Operational Loss Risk register.
• Assisting with the preparation of risk reports for submission to the Risk Committee, Audit and Risk Board Subcommittees.
• Attending relevant Project meetings to assist in identifying, capturing, evaluating and reporting on risks.
• Attending Operational meetings as required.
• Building and maintaining relationships with key internal business stakeholders.
• Proactively managing own professional growth and competencies to offer business ongoing efficient and effective support.

Required Knowledge and Experience    
REQUIRED EXPERIENCE

• 3-5 years experience in Enterprise Risk Management with major focus on operational, IT and business resilience risk.
• Minimum 5 years experience within the Insurance industry.
• Registration with IRMSA (Institute of Risk Management South Africa) would be an added advantage.

REQUIRED KNOWLEDGE AND SKILLS

• Analytical and problem-solving skills.
• Root cause analysis.
• Good written and verbal communication skills.
• Good interpersonal skills with ability to influence positively.
• Project management skills.
• Report writing skills.

Educational Requirements    
REQUIRED QUALIFICATION

• Diploma / Degree in Risk Management

Closing Date: 21st, March 2022