Team Lead, Risk Management at Coronation Insurance Plc

Coronation is a leading financial service partner that helps build enduring legacies for sustainable wealth creation in Africa. Having established a 30-year record of achievements in banking across Africa and beyond, our founders established a Pan-African platform focused on building a better financial future for Africa. Today, our businesses are entrusted with our over $1billion of clients’ assets and are recognized as Nigeria's fastest-growing investment managers. Our purpose at Coronation is to create a prosperous future for our clients and the African continent. Coronation is proud to be an Equal Opportunity Employer. We enable an inclusive workplace by identity, disability, and other statuses protected by law.

Coronation Insurance Plc– an affiliated company to Coronation Group Ltd - is a leading insurance provider of a diverse range of products and services covering general and special risk businesses to individuals and corporate entities.

We are recruiting to fill the position below:

Job Title: Team Lead, Risk Management

Location: Lagos
Job Type: Full time

Role Responsibilities

• Manage and report risks in accordance with the company’s governance framework and policy guidelines
• Provide support in the implementation of the company’s Risk Management Framework, Risk Appetite Framework, Operational Risk Framework and Reputational Risk Framework
• Review the above Frameworks as at when required and developing new risk frameworks to address emerging risk issues
• Engagement of various stakeholders to set and communicate appropriate risk appetites/ tolerances.
• Monitor appropriate risk indicators and triggers for the company
• Participate in the identification, assessment, treatment, monitoring and reporting of risks across the company
• Monitor and evaluate the company’s performance in the application of risk in its decision-making process and propose continuous improvements
• Set risk exposure limits in collaboration with relevant stakeholders.
• Conduct periodic stress test on various risk metrics and indicator and recommend appropriate measures to mitigate the observed vulnerabilities.
• Contribute effectively to the embedding of risks within the company by actively participating in targeted firm-wide training and awareness sessions on an on-going basis
• Contribute effectively to the management of financial and non-financial risks across the company
• Ensure the compliance of risk appetite and portfolio limits and contribute to the effective management of exposures that adversely impact the company’s balance sheet
• Interpret and apply changes in environment to risk operating procedures.
• Support the conduct of policy and compliance audits, which will include liaising with internal and external auditors.

Education and Work Experience

• Bachelor’s Degree in Finance, Accounting, Economics or Business Administration
• Relevant post-graduate degree is an added advantage
• Relevant Professional certification in risk management
• Minimum ten years relevant work experience in the financial services sector.
• Experience in the insurance sector will be an added advantage.

Required Competencies :

• Strong understanding of Enterprise Risk management concepts
• Strong knowledge on portfolio risk management techniques, e.g. key risk metrics for players in the financial markets, capital management, database management, risk analysis etc.
• Strong understanding of development and trends in both international and African financial sectors, as well as regulations and trends within these markets
• Strong experience in the analysis of business metrics and the formulation of Key Risk and Performance Indicators
• Excellent interpersonal and communication skills.
• Attention to detail.
• Strong computer and research skills; knowledge of analysis software is preferred
• Strong analytical and problem-solving skills.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their Applications and CVs to: careers@coronationinsurance.com.ng using the Job Title as the subject of the email.