JBC BLOG & NETWORK: Head, Risk Management at ARM Life Plc

Saturday, December 8, 2018

Head, Risk Management at ARM Life Plc

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Head, Risk Management

Location: Lagos

Job Objectives

Responsible for providing strategic support to the organization’s achievement of its corporate objectives, through the enablement of efficient and effective governance of significant risks and related opportunities, across the organization.

Duties and Responsibilities

Risk Monitoring: Undertake the development, deployment, and analysis of Risk Control Self-Assessment Questions, Key Risk Indicators (KRIs), and other strategic risk parameters (i.e. losses and incidents, key risk exposures and early warning indicators).
Risk Assessment: Support the development of analytical systems, data management capabilities, & processes, and undertake risk assessments of the organization’s products, procedures, Service Level Agreements etc.
Risk Identification and Mitigation: Lead the proactive identification and analysis of emergent risks to the organization, design appropriate mitigations, and implement accordingly.
Manage Risk Management Policies and Processes: Lead the development and continuous improvement of the organization’s operational and financial risk management processes, and policies, in line with identified best practices, and organizational fit, in order to mitigate the impact of risk events on the organization.
Risk-Based Capital Allocation: Apply appropriate methodology(s) to determine the allocation of economic capital to business activities based on risk, with the aim of optimizing the group’s risk portfolio through business activities & risk-transfer strategies.
Process Mapping: Lead the mapping of functional processes across the organization, for the purposes of documenting controls in existing products and processes.
After Action Reviews: Disseminate learning points from loss and loss events to all employees.
Support Team’s Development: Provide advice, guidance, and assistance to less experienced colleagues as required.

Requirements

Bachelor's Degree from an accredited university
Professional certification in finance and/or risk management from a recognized professional body (e.g. CFA, CGMA, ACCA, ICAN e.t.c)
Minimum of 9 years of work experience.

Key Competencies

Behavioral: