Chief Risk Officer Job at African Trade Insurance… See details on how to apply for the opportunities available at African Trade Insurance.
Description:
The African Trade Insurance Agency, also known as ATI, was established in 2001 by seven COMESA countries and with the technical and financial backing of The World Bank to provide insurance against political and commercial risks in order to attract foreign direct investments into the region.
Responsibilities:
- Oversee and develop comprehensive policies, guidelines and processes for assessing, identifying, monitoring, effectively managing and reporting pertinent business risks that could interfere with the organization’s core purpose and ability to grow and develop its business.
- Monitor and report on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile.
- Develop and maintain a trustworthy, respectful working relationship with the Chief Executive Officer, Audit Committee of the Board of Directors, Board Risk Committee and the Board of Directors as a whole.
- Implement and maintain a sound enterprise-wide Integrated Risk and Regulatory management governance framework.
- Oversee and manage Anti-Money Laundering/Counter-Terrorist Financing control activity in all relevant business areas for the purposes of establishing a reasonable threshold level of control consistency in the organization.
- Identify known and emerging risks, measuring, monitoring and reporting on the entity’s risk profile to the Executive Management Team and the Board of Directors.
- Propose and implement risk mitigants (both policies and tools) to address major structural inherent risks, as appropriate.
- Manage the design and implementation of compliance activities in all relevant areas of ATI operations.
- Facilitate the maintenance of risk corporate policies including credit and counterparty risk, market risk, operational risk, compliance, security, acceptable use, information security, physical security, business continuity planning and limit breaches and escalation.
- Lead the facilitation, implementation and monitoring of effective risk management practices and ensure operating policies and procedures are complied with throughout the organization.
- Advocate and support the culture of informed risk-taking, heighten awareness and use of advanced risk management practices through training programs and coaching.
- Establish a high level of trust and credibility by building and maintaining relationships with business partners, key stakeholders and collaterals.
- Perform such other duties as may be assigned from time to time.
Qualifications and Attributes:
- First degree in Finance/Insurance or Actuarial Science. A Master’s Degree in a relevant field will be an added advantage.
- 15 years of experience in risk mitigation, preferably in the Insurance/Reinsurance or banking sector.
- Knowledge and context of roles of Development Financial Institutions is an added advantage.
- Experience in Insurance/Financial Service/Reinsurance Banking environment is much preferred.
- Membership of Risk Professional Body is an added advantage
