Head, Enterprise Risk Management & Strategy at International Energy Insurance Plc
International Energy Insurance Plc
Lagos, Nigeria
Permanent
Published 1 month ago · Expires 3 weeks from now
Job description
An exciting opportunity has arisen for a motivated professional.
Responsibilities
- Develop, implement, and continuously enhance the company’s Enterprise Risk Management Framework in line with NAICOM risk-based supervision requirements and global risk management standards.
- Lead the formulation and periodic review of risk policies, risk appetite statements, limits, and control frameworks.
- Ensure strong governance and reporting to the Board Risk Committee and Executive Management.
- Oversee identification and evaluation of underwriting, market, credit, liquidity, operational, strategic, and compliance risks.
- Conduct regular risk assessments, scenario analysis, stress testing, and capital adequacy evaluations.
- Ensure early identification of emerging risks and recommend appropriate mitigation strategies.
- Implement and track risk mitigation plans in collaboration with functional units.
- Oversee the development of risk registers, Key Risk Indicators (KRI)s, and loss event tracking mechanisms.
- Drive compliance with NAICOM’s prudential guidelines, solvency frameworks, reinsurance requirements, and corporate governance codes.
- Prepare risk dashboards, reports, and insights for Management, Board Committees, and regulators.
- Support NAICOM examinations, compliance reviews, actuarial exercises, and external audits.
- Monitor compliance with IFRS 17 disclosures and their risk implications.
- Lead the Business Continuity Management (BCM) program and disaster recovery frameworks.
- Conduct periodic drills to ensure organizational resilience and regulatory alignment.
- Lead the development and periodic review of the company’s overall corporate strategy, 3–5 year corporate plan, and annual operating plan.
- Conduct environmental scanning, competitive analysis, market research, and performance forecasting.
- Translate strategic priorities into actionable initiatives, KPIs, milestones, and implementation plans.
- Monitor performance across business units and provide insights to improve profitability, market share, and operational efficiency.
- Support alignment between strategy, budgeting, and capital allocation.
- Track and report on strategic initiatives, financial performance, underwriting performance, and operational KPIs.
- Conduct variance analyses and recommend corrective actions to leadership.
- Champion organizational modernization, digital transformation, and process optimization initiatives.
- Lead strategic projects including business expansion, partnerships, new products, and operational restructuring.
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