Risk Practitioner

Join TIH, home to some of South Africa’s leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Assist with embedding the Enterprise Risk Management endeavors within the TIH Group, monitor and report at the appropriate levels where the management of its mitigation can be affected and accounted for. Assist with risk management procedures such as control assessments, risk appetite monitoring and risk assessments across the Group. Provide support on Business Continuity across the Group. Ensure regulatory compliance with the GOI requirements from the Prudential Authority with respect to the Risk function. Assist with analysis of financial statements of other players in the long and short term insurance industry, locally and internationally, in order to draw meaningful conclusions and provide insights.

Responsibilities

Build effective working relationships within the internal client organization and contribute to the management of the partnering relationship, deliver high-quality professional services within established routines or as part of an agreed project., Collate and analyze data using pre-set

tools, methods and formats. Perform

regular control assessments, demonstrate an understanding of the controls as well as the underlying business and challenge controls to ensure that the controls are appropriate in relation to the risk., Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation where relevant to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media., Identify shortcomings in compliance

processes, systems and procedures,

and develop ad hoc solutions to

problems within an assigned unit or

discipline. Ensure regulatory

compliance within the risk division.

Ensure that the Business Continuity

Management regulatory requirements

are met. Ensure risk and BCM practices are aligned to market best practice, Keep track of risk parameters, identify

deviations and report them to more

senior colleagues. Work within

established risk management systems.

Ensure Risk log is complete, up to

date and reflects the losses, near

misses as and external events. Ensure

incident information is correct and

control manage the risk appropriately.

Monitor risk appetite and report on

risk breaches. Enable Business

Continuity Management coordination

and reporting. Ensure the Internal

Audit scope is appropriate and risk

based. Assist with sharing incidents

and risk registers with Internal audit to

aid their review. Ensure internal audit

findings are tracked and progress is

monitored. Strengthen Business

Continuity Management and Risk Management Awareness within TIH through awareness and training., Provide information and clarification on existing procedures, processes and precedents. Manage the incident reporting process, specifically in terms of control reviews and future improvements., Resolve queries from internal or

external customers or suppliers by

providing information on complex

processes and the related policies,

refer to others where necessary for

interpretation of policy. Communicate

Risk reports to stakeholders which

include business, the Risk Committee,

other assurance providers and the

Regulator. Provide input into the risk Management sections of the ORSA., Work within established procedures to achieve specified goals. Coordinate the development and ongoing maintenance of relevant business continuity policies and procedures. Ensure that policies and procedures comply with all regulatory requirements. Update relevant policies and align risk management practices to the regulatory requirements.

Education

Grade 12/ SAQA Accredited Equivalent (Essential); BSc / BCom / BTech Degree (Essential); Degree in Risk Management/Financial Risk or similar Professional qualification in Risk Management FRM/PRMIA ORM/ CRISC (Advantageous)

Experience

3-5 years' risk management experience in the financial services industry (Essential); Experience in Insurance industry (Advantageous)

Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.