Business Risk Analyst at Hollard Insurance

Job Advert Summary

• Analysing trends and performing root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring in future.
• Ensuring that the group risk management framework, policies and strategy is 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
• Creating the culture of risk awareness
• Identifying 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 the business units’ Risk Profiles are up-to-date and relevant
• Facilitating and conducting risk control self-assessments (RCSA) of various areas of business units
• 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 management committee, Audit and Risk Board Subcommittees
• Attending relevant Project meetings in order to assist in identifying, capturing, evaluating and reporting on risks
• Attending Operational meetings, where applicable
• Building and maintaining relationships with key internal business stakeholders
• Managing own development to increase own competencies

Required Knowledge and Experience

• 3 – 5 years’ experience in Enterprise Risk Management with the main focus being on operational risk, IT risk and business resilience risk.
• Minimum 5 years in the Insurance Industry 
• Analytical and problem-solving skill
• Root cause analysis
• Written and verbal communication
• Good planning and organizing skills
• Project management skills
• Report writing 

Educational Requirements

• Diploma/ Degree in Risk Management