Overall purpose, duties and responsibilities of the role:
The Risk Management Head is responsible for the design and maintenance of the risk management framework and policy of the company and creating the required infrastructure organization and governance to implement the policy in an effective way to integrate the risk management perspective in the overall decision making of the company.
Eastwest Ageas Insurance adopts the risk management framework,
taxonomy and philosophy of Ageas and the Risk Management Head is responsible for development of risk practices within that environment.
Responsibilities:
• Ensure that risks which affect the achievement of strategic objectives are identified, assessed, monitored and managed.
• Define risk appetite to ensure that the risk of insolvency is always kept within acceptable levels and ensure that the risk profile is kept within risk appetite.
• Support decision making processes by ensuring that consistent, reliable and timely risk information is available to decision makers.
• Create a culture of risk awareness in which each manager carries out his duty to be aware of the risks of his or her business, to manage them adequately and to report them transparently
• Designated as Troo’s Fraud Control Officer and has overall responsibility to direct and oversee the fraud incident management, investigation, and monitoring.
Essential Skills / Qualifications:
• Bachelor (4-year) degree, with a business, mathematics, statistics, computer science or economics major or similar
• 10 years’ experience of managing financial and insurance risks
• Flexible approach to understand and adapt to the changing needs of a pioneering team, and to work within an environment that is still developing many of its policies and procedures.
Relevant Competencies: Functional Competencies: Managing and Mitigating Risks • Defining the risk management strategy of the organizations and sets direction on implementing risk mitigation initiative