+27 (0) 82 823 9978 [email protected]

Risk Management Actuary – SA1226

Our client is a full-services reinsurer that meets a wide range of life and health needs. They are looking for a Risk Management Actuary to join their Risk Management Team. The role will require you to support the establishment, implementation, oversight and monitoring of the Enterprise Risk Management (ERM) framework. You will be required to promote a risk culture conducive for best practice risk management, in line with the Company’s risk philosophy and to ensure ongoing staff training in risk management. 

Candidates who are interested should be a Qualified Actuary with at least 3 years of Risk Management experience, as well as Risk Management accreditation. You will be required to occasionally work extended hours due to different time zones and to travel both locally and internationally. You must have an advanced ability to understand risk factors that affect life insurance businesses, as well as advanced investigative, analytical, critical thinking and problem-solving skills. You must be able to work autonomously as part of a global team and also to manage time zone scheduling challenges and multiple projects simultaneously. 

Responsibilities will include: 

  • Implementing the ERM framework and tools, including systems and processes for identifying, assessing and managing risk, including risk incident reporting, key risk indicators (KRI) and risk and control self-assessments (RCSA). 
  • Providing second-line oversight of risk owners. 
  • Reporting regularly to Senior Executives on relevant ERM issues. 
  • Promoting combined assurance by liaising with other second- and third-line functions including compliance, internal audit, IT and business continuity management. 
  • Working together with Senior Executives to ensure that risk management policies and practices are in place to address all relevant risks facing the Company. 
  • Being actively involved in the oversight of insurance and market risks in the South Africa business unit. 
  • Working with the South Africa business unit in the identification and resolution of identified issues with respect to insurance and market risks. 
  • Working on the development of a risk appetite framework and monitoring positions against approved risk tolerance limits and capital levels. 
  • Ensuring alignment between the risk appetite framework, the risk management strategy and the business objectives. 
  • Supporting the South Africa Own Risk and Solvency Assessment (ORSA) process involving Senior Management, as well as supporting the production of the ORSA Board Report for any related entities. 

For more information, please contact Wilhelm ([email protected] or +27 (0)82 823 9978).

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