Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi

Job Purpose:

This role will provide oversight and direction for the management of all risks across Britam Holdings and its subsidiaries. The role will partner with the business leadership team to ensure the strategic vision of the Business units / Segments is developed with consideration for the risks involved, and proactively manage the risk/reward equation.

Key Responsibilities:

• Provide oversight and direction for the management of all risks across the Group and is responsible for the identification, assessment and management of all risks associated with both new and existing business.
• Responsible for ensuring that the organization proactively determines which risks it will accept and retain, and hence actively manage.
• Responsible for establishing a framework to express the firm’s appetite for risk and understand the parameters, which they are managing as part of the risk/reward equation when growing shareholder value.
• Develop enterprise risk management tools, practices and policies to analyze and report on financial market and enterprise risks and to manage risks according to the enterprise risk management framework and relevant policies.
• Develop appropriate and comprehensive risk reports to be reviewed by the Director, Risk and Compliance for consumption by various stakeholders across the Group.
• Monitor and analyze risks within the business and report on these risks to the Director, Risk and Compliance.
• Compile and communicate enterprise risk management policies and best practices.
• Develop staff training programs that build enterprise risk awareness within the Group.
• Delegated Authority:  As per the approved Delegated Authority Matrix.

Key Performance Measures:

• As described in your Personal Score Card.

Requirements

Knowledge, experience and qualifications required

• Bachelor’s degree in actuarial science, finance, business administration or related field.
• Professional certifications or qualifications in Actuarial Science or Risk Management, are required.
• A minimum of 5+ years in senior-level risk management experience in the insurance sector.
• Excellent communication skills.
• Demonstrated ability to motivate and manage a diverse team toward strategic goals of the risk management function.
• Demonstrated ability to build consensus across various constituencies and achieve results through the effort of others.
• Strong planning and organizational skills, with an ability to establish a strategic direction and subsequently outline initiatives and develop priorities in support of that vision.

Technical/ Functional competencies:

• Compliance reviews.
• Business continuity.
• Risk assessment techniques.
• Risk response strategies.
• Risk management policies.
• Scenario planning and sensitivity analysis.
• Trend analysis on risk variables.
• Risk mitigation strategies and indicators.