Chief Risk Officer at Coronation Insurance plc

Principal Duties & Responsibilities

  • Establish the Coronation Insurance framework in compliance with International risk management standards and principles
  • Ensure risk profile is aligned to the return/profitability aspirations of the business
  • Articulate overall Risk Management policy and strategy at enterprise level and for individual risk areas
  • Communicate Risk Management policy and strategy to operating entities
  • Establish infrastructure, systems and processes for identifying, managing, controlling and reporting risks across the business
  • Define risk acceptance criteria and risk tolerance limits for each risk area
  • Cascade company risk acceptance criteria and tolerance limits across the businesses
  • Oversee Risk Management functions across the business and ensure compliance with Group policy and direction
  • Implement and monitor divisional budget as prepared and agreed in line with business needs/goals/requirements
  • Ensure compliance with policies, standards for regulations in reporting
  • Provide visionary leadership and direction for the company and guide their activities to ensure the achievement of their current to medium term strategies
  • Develop skills of and provide career development for direct reports
  • Ensure the process of automating each risk areas key workflows
  • Promote risk management culture in the Company to maturity level
  • Establish integrated stress testing
  • Establish economic capital framework and integrate across risk areas
  • Perform other functions as assigned by the Managing Director

Skills / Competence Requirements

  • Required Knowledge, Skills & Abilities
  • Knowledge and understanding of Insurance Operations (International and domestic)
  • Strategic orientation. Creativity & innovation
  • Good policy development and management capabilities
  • Financial Acumen
  • Finance & Accounting
  • Insurance Industry Knowledge
  • Financial Industry Knowledge
  • Knowledge and Understanding of Financial Regulations (Domestic & International)
  • Knowledge and Understanding of Risk Management and Financial Standards
  • Environmental / Industry Analysis
  • Generic Skills
  • Strategic Focus/ Orientation
  • Integrity and Discretion
  • Initiative/ Proactive
  • Entrepreneurship
  • Analytical skills / Problem solving
  • Resilience, Tenacity and Integrity
  • Interpersonal skills
  • Communication (oral & written)
  • Supervisory Skills
  • General managerial /administration
  • Leadership/Influencing
  • Organization & coordination skills
  • Coaching and people management
  • Conflict management

Minimum Qualifications

  • Recognized professional certification such as CIIN, IRM, CFA, ACCA, ACA, etc.
  • Minimum of 13-15 years relevant experience
  • Insurance industry experience will be an advantage
  • Experience in a multi-national organization in emerging market will be an advantage
  • Evidence of strong industry knowledge
How to Apply

Interested and qualified candidates should forward their CV to: careers@coronationinsurance.com.ng using the position as subject of email.

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