Risk Identification, Assessment and Evaluation
Identify, assess and evaluate risk to enable the execution of the Risk Management strategy.
Contributing to the research, design and development of the risk management policy, strategy and framework on an on-going basis;
Collect information and review documentation to ensure that risk scenarios are identified and evaluated;
Identify legal, regulatory and contractual requirements and Company policies and standards related to information systems to determine their potential impact on the Company objectives;
Identify potential threats and vulnerabilities for business processes, associated data and supporting capabilities utilizing appropriate tools to assist in the evaluation of enterprise risk;
Create and maintain a risk register to assist in identifying risk ownership;
Assemble risk scenarios to estimate the likelihood and impact of significant events to the Company;
Develop a risk awareness program and conduct training to ensure that stakeholders understand risk and contribute to the risk management process and to promote a risk-awareness culture;
Validate risk appetite and tolerance with senior Management and key stakeholders to ensure alignment.
Risk Response
Develop and implement risk responses to ensure that risk factors and events are addressed in a cost-effective manner and in line with Company objectives.
Identify and evaluate risk response options and provide management with information to enable risk response decisions;
Review risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy;
Apply risk criteria to assist in the development of the risk profile for management approval;
Assist in the development of risk response action plans to address risk factors identified in the Company risk profile.
Risk Monitoring
Monitor risk and communicate information to the relevant stakeholders to ensure the continued effectiveness of the enterprise’s risk management strategy.
Collect and validate data that measure key risk indicators (KRIs) to monitor and communicate their status to relevant stakeholders;
Monitor and communicate KRIs and management activities to assist relevant stakeholders in their decision-making process;
Facilitate independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively;
Report on risk, including compliance, to initiate corrective action and meet Company and regulatory requirements.
Regulatory Compliance
Ensuring that the Company complies with all statutory and Company regulations and monitors compliance risk.
Develop a Company-wide understanding of regulatory compliance;
Maintain Company manuals and ensuring they are up to date;
Conduct periodic internal reviews or audits to ensure that compliance procedures are followed;
Conduct or direct the internal investigation of compliance issues;
Identify compliance issues that require follow-up or investigation;
Disseminate written policies and procedures related to compliance activities;
File appropriate compliance reports with regulatory agencies;
Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities;
Maintain documentation of compliance activities, such as complaints received or investigation outcomes;
Be actively involved in preparation of Annual Financial Statements that are IFRS compliant;
Arrange and administer the Company’s own insurances.
Projects
Accomplish project objectives by overseeing the planning, evaluating, implementing and tracking of project activities.
Management of projects undertaken by the Company.
Implementing EARe House development and maintenance plans.
Implementing disaster recovery arrangements/procedures.
Profile
Experience
3 – 5 years in risk management and/or internal audit
Extensive exposure to corporate governance and risk management disciplines.
Familiar with Insurance industry will be an added advantage
IT Proficiency
Education
Bachelor’s degree in a related field
Professional Accounting qualification i.e. CPA-K, ACCA or ACII will be an added advantage
What are you?
A well-organized and self-driven person with an ability to maintain balance between the immediate and the long term.
Ability to interact at Senior levels and engage across business units and departments
Detail oriented, Analytical and strategic thinker
Project management and Process improvement skills
Pro-active and intuitive
Business/commercial acumen
Good judgment and decision making
Ethical behavior, honest and transparent
What success looks like?
Within the first 100 days of your reporting, you will have;-
Fine-tuned the current work plan and devised a methodology to ensure all operational risks are continuously mitigated
Developed and implemented a risk management framework
Conceptualized and developed a Risk Management Strategy that complies with IRA guidelines
What do we offer you? When working at EARe, you can expect to work with inspiring and creative colleagues. You will have ample opportunities for growth and career development as we value continuous learning.
We offer you a challenging position in which you will be rewarded for excellent performance.
Apply now! Are you interested in this position and do you meet the minimum requirements?
Apply by sending an e-mail with your CV and a convincing cover letter to careers@eastafricare.com.
The application deadline is 28th February, 2015.
Due to the high volume of applications received only shortlisted candidates will be contacted.
Do you have questions about this vacancy?
Visit our website at www.eastafricare.com.
Please do not hesitate to contact us by e-mail or telephone: careers@eastafricare.com or 020 4443588 / 0733 623737 / 0728 111041.