Team Lead, Enterprise Risk Management at Guinea Insurance Plc

Guinea Insurance Plc was incorporated on December 3, 1958, as a non-life insurance underwriting firm to provide first-rate insurance solutions in the General and Special Risks business underwriting categories. Our mission is to provide professional services to our esteemed customers through the introduction of quality products driven by state-of-the-art technology backed by a group of high-profiled personnel, to maximize returns to shareholders.

We are recruiting to fill the position below:

Job Title: Team Lead, Enterprise Risk Management

Location: Yaba, Lagos
Employment Type: Full-time

Job Overview

• To minimize risk of loss by defining and ensuring compliance with the approved risk management framework and processes for identification, controlling, managing and reporting operational, underwriting and claims, strategic and reputational risks across all businesses of the GIP.

Job Responsibilities

• Establish framework, procedures and practices to ensure that operational, strategic  and reputational risk is appropriately identified, measured, monitored and controlled
• Drive implementation of operational risk action plan approved by the board
• Oversees the implementation of operational risk approach and strategies that are aligned with the GIP’s vision, mission and corporate objectives
• Identifies specific business risks in light of strategy and business specific operational changes 
• Determine and approve operational risk tolerance limits
• Formulate and ensure compliance with sensitive operational risk policies
• Develop strategies for mitigating all business and operational risk
• Oversee and ensure the integrity of operational risk assessment process across the business
• Provide direction and drive assimilation of Operational risk management culture across all levels and functions Company wide
• Establish risk mitigation and control processes
• Ensure quarterly surveys are carried out on all identified stakeholders
• Ensure timely regulatory renditions of reports
• Regularly estimate economic capital for strategic, reputational and operational risks
• Estimate and ensure stress testing on strategic and reputational risk
• Develop risk models for measuring strategic and reputational risk
• Establish and maintain effective BCM for business resilience in GIP

Requirements

• A First Degree in any discipline.
• Relevant Master’s Degree, preferably in Risk Management.
• Minimum of 5 years post qualification experience in operational  risk management within the Financial Services Industry , of  which at least 3 must have been in the Insurance Sector
• Recognized professional certification such as ACII, ACIIN, MIRM, CFA, ACCA, ACA, etc.

Skills and Competencies Requirement:
Required Knowledge, Skills & Abilities:

• Knowledge of operational risk best practices
• Advanced knowledge of operational, strategic and reputational risk measurement  methodologies
• Insurance Operations
• Technical Expertise
• Environmental / Industry Analysis
• TQM
• Documentation.

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
• Leadership
• Mentorship
• Initiative/Entrepreneurship/ taking ownership
• Team building / conflict management
• Organization & coordination
• General managerial /administration.

Application Closing Date
14th July, 2024.