Head, Insurance Risk, SA at Standard Bank Group

JOB DESCRIPTION

To lead, manage & deliver an integrated and independent Risk Management Function to enable South Africa to seize opportunities in pursuit of growth, by managing Non-Financial Risks in a manner that balances the interests of clients and other stakeholders, while protecting the safety of the Enterprise, ensuring the ethical standards are adhered to. 

• To co-ordinate the establishment and maintenance of an effective risk management system including ensuring appropriate processes are in place to identify, assess, measure, manage, monitor and report on all material risks to which SIL is exposed.
• To promote a sound risk culture within SIL, ensuring appropriate ownership and management of risks at all levels.
• To establish clear, effective and efficient governance processes associated with the oversight, approval and delegation of authority with regards to risk related activities.
• To ensure alignment of the SIL risk management system with the policies, standards and processes set at an SBG and IAM level.
• To develop, shape and own the risk appetite, risk standards and risk management operations of SIL. 
• To enable SIL to consciously seize opportunities in pursuit of growth, by managing business and associated risks in a manner that balances the interests of clients and other stakeholders, while protecting the safety and soundness of the business thereby ensuring the right risk-reward balance is achieved.
• To support the maintenance and oversight of the risk management system for short-term insurance across all entities within SBG.
• Owns and drives the process of embedding the SAM (Solvency Assessment and Management) Pillar II Risk and Governance frameworks and requirements for SIL in terms of the Insurance Act and related Standards.

QUALIFICATIONS

• Honours Commerce Degree 
• Preferred: Master's Commerce Degree 
• Post graduate degree in Risk Management (Member of the Institute of Risk Management in South Africa)
• Post graduate qualification in Insurance: Fellow of the Insurance Institute of South Africa
• Post graduate degree in Actuarial Science (Member of the Actuarial Society of South Africa (ASSA) and/ or associated international professional membership)
• Chartered Accountant (Member of the South African Institute of Chartered Accountants and/or associated international professional membership)

ADDITIONAL INFORMATION

Behavioral Competencies:

• Challenging Ideas
• Convincing People
• Developing Expertise
• Developing Strategies
• Directing People
• Embracing Change
• Empowering Individuals
• Exploring Possibilities
• Making Decisions
• Providing Insights
• Upholding Standards
• Valuing Individuals

Technical Competencies:

• Evaluating Risk Management Effectiveness
• Evaluation of Internal Controls
• Financial Acumen
• Legal Compliance
• Promote Good Governance, Risk & Control
• Quality Orientation