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Chief Risk Officer job from Risk Management Web.com at H. Pierson ...

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Chief Risk Officer

Job ID: 9902998
Position Title: Chief Risk Officer
Company Name: H. Pierson
Job Function: Asset/Liability Management
Entry Level: Yes
Location(s): Lagos, Other / Non-US, Nigeria ?
Posted: April 2, 2012
Job Type: Full-Time
Job Duration: Indefinite
Min Education: 4 Year Degree
Min Experience: 7-10 Years
Required Travel: 75-100%
  • Define, implement and monitor the Firm?s overall integrated risk management framework and internal controls as well as set guidelines for the development of supporting policies and procedures.
  • Ensure the adequacy of existing internal controls and risk management frameworks through continuous identification, measurement and reporting of risk positions.
  • Participate in process improvement/redesign and system upgrade/implementation efforts to ensure relevant control requirements are considered and built into new systems and processes.
  • Serve as key information node for disseminating new and revised operating policies and procedures as well as improvements/changes in control/monitoring tools, techniques and approaches.
  • Create culture of intelligent risk-taking; heighten awareness and use of advanced risk management methodologies and practices through educational programs, training process, and personal mentoring with senior executives, business unit management and staff.
  • Provide broad guidelines for the development and implementation of risk based pricing systems for the Firm?s loan products.
  • Monitor Firm?s asset and liability reports to ensure compliance with set standards. Participate in the development of the Firm?s corporate strategy and overall business plan.
  • Demonstrate ownership of and communicate the unit?s strategic direction and objectives ensuring common understanding by subordinates.
  • ?Review statutory reports to external bodies to ensure completeness, accuracy and compliance with regulations. Ensure prompt reporting of risk exposures/positions and provide advice on possible resolution of critical issues.
  • Monitor the Firm?s compliance with regulatory and statutory provisions regarding risk management.
  • Facilitate the collection of credit receivables by ensuring prompt provision of behavioral collection decision tools and as well as cost and risk analyses of increased collection resources to business units.
  • Keep abreast of trends and advances in global risk management and ensure the knowledge and relevant information is passed to business managers within and outside the Risk Management Division.
  • Review audit reports and work papers ensuring professional standards are not compromised and that conclusions and recommendations are adequately supported.
  • Ensure the timely resolution of investigated items, audit/review points and other key exceptional issues/matters.
  • Work with the external auditors and regulatory examiners in the review and examination of the organization?s financial activities and other areas of the business
  • Provide risk and profitability reports as input to the new product development process.
  • ?Foster and maintain business relationships with relevant regulatory bodies and other institutions to ensure the business is abreast of regulatory changes that may impact its operations.
  • Communicate in a timely manner relevant Board Committees and other stakeholders. Continually review the effectiveness and efficiency of the unit?s policies, procedures and processes; identify and recommend improvement opportunities to Management.
  • ?Monitor actual activity and performance levels against the agreed budget/work programmes and take appropriate corrective action to ensure a cost-justified execution of the departmental activities.
  • Prepare and submit periodic management reports on the activities of the unit for board and management decision making.
  • Serve on committees or cross-functional teams and perform other duties as assigned by the CEO and the Board.
  • Monitor Insurance ratings ? insurer financial strength and security ratings; capital models and other tools of analysis.
  • Application of Re-insurance utilization policies, credit and recovery risk analysis.
  • Working knowledge of the current state and outlook for the different sectors of the insurance industry ? Property & Casualty, Life and re-insurance.
  • Review of key accounting issues such as Premiums, claims and reserves and investment valuations Monitoring and Regulation of insurance markets - availability, premium terms and rates etc.
  • Good knowledge of the local and global financial service industry dynamics including regulations, legislations and operating environment.
  • Ability to think strategically and holistically and to appreciate the systemic impact of various policies, issues and solutions.
  • Broad understanding of risk and return, indicators and risk management techniques as well as trading and pricing derivatives.
  • Experience in building professional business relationships and dealing at a senior level appropriate for a leader of a critical function.
  • Strong knowledge of derivatives products. In-depth appreciation of project evaluation and project management techniques.
  • ?Strong financial accounting and budgeting skills.
  • Broad knowledge of Enterprise Risk Management (ERP) concepts. Broad knowledge and experience in operational risk, market/investment risk, ALM/Liquidity risk, etc.
  • ?Broad knowledge of financial, systems and process audit. Demonstrated ability to improve operations, decrease turnaround times and streamline work processes.
  • Demonstrated superior understanding of non-bank financial service operations, policies and procedures.
  • Broad knowledge of the Insurance Industry- covering Regulators and Competitors
  • Broad knowledge of risks in insurance will be an added advantage

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