Senior Risk Officer at Jubilee Insurance

Role Purpose

The Senior Risk Officer will oversee and manage the organization's risk management framework, policies, and processes. The job holder will be responsible for identifying, assessing, and mitigating risks to ensure the company operates within acceptable risk tolerances and complies with regulatory requirements.

Key Responsibilities

Strategy

• Develop and implement a comprehensive risk management framework and policies aligned with industry best practices and regulatory guidelines
• Develop and maintain risk mitigation strategies and controls, including the implementation of risk management plans and processes

Operational

• Identify and assess risks across various areas of the organization, including underwriting, claims, investments, operations, and compliance
• Conduct risk assessments, analyse data, and evaluate the potential impact and likelihood of identified risks
• Monitor risk indicators and key risk metrics to identify emerging risks and potential vulnerabilities
• Collaborate with internal stakeholders, such as senior management, underwriters, actuaries, and compliance officers, to ensure effective risk management practices and promote a risk-aware culture
• Provide guidance and support to business units in identifying and assessing risks associated with new products, initiatives, or operational changes
• Monitor and analyse industry and regulatory developments to ensure compliance with risk management regulations and best practices
• Evaluate the effectiveness of risk management programs and recommend changes as necessary
• Develop and deliver risk management training programs to enhance risk awareness and understanding across the organization
• Prepare risk reports and presentations for senior management and board meetings, providing insights on the organization's risk profile and recommending risk mitigation strategies