Risk Specialist at Capitec Bank

About the role

• The purpose of the Risk Specialist role is to develop and coordinate risk management programs and frameworks. This involves providing subject matter expertise to ensure effective risk management outcomes. The role focuses on identifying, analyzing, and measuring risks, and making precise risk mitigation recommendations to safeguard the organization against potential losses.

What you will bring

• Minimum 3-5 years’ experience in risk management for an insurer
• Analysing complex issues
• Ability to apply risk expertise in commercial environment
• Exposure to Corporate Governance Frameworks

You should have

• Knowledge about the Prudential Standards – Governance and Operational Standards for Insurers (GOIs) and Financial Soundness Standards for Insurers (FSIs)
• Awareness of the requirements in insurance related regulations e.g. Insurance Act, Long Term Insurance Act (LTIA), Short Term Insurance Act (STIA), Policyholder Protection Rules (PPRs) and other relevant regulations

Ideally you should have

• 5+ years’ experience in risk management for an insurer
• Contributing to ORSA exercises
• Regulatory interactions, including the Prudential Authority and Financial Sector Conduct Authority
• Knowledge of RDARR requirements
• In-depth knowledge of the Prudential Standards (GOIs and FSIs) and various insurance related regulations
• Risk metrics and approaches used in the risk management of insurance companies
• In-depth knowledge of the South African Insurance Industry
• Knowledge about IFRS 17 will be desirable

Qualifications (Minimum)

• A relevant qualification in Risk and Compliance or Actuarial Science