First National Bank Banking Jobs in Johannesburg
1. Patiently scroll down and read the job description below.
2. Scroll down and find how to apply or mode of application for this job after the job description.
3. Carefully follow the instructions on how to apply.
4. Always apply for a job by attaching CV with a Cover Letter / Application Letter.
Job Description
- FNB Life is currently recruiting for a Risk Head. The role is responsible to manage risk in a high complex environment through development of risk management strategy aligned to segment and group strategy for FNB Life. The Risk Head will be appointed as the Head of the Risk Management Control Function as per the Prudential Standards.
- Implement and manage a Risk Management Function as required by the Prudential Standards for Insurers.
- Be appointed as the Head of Risk Management Control Function and manage relationship with Prudential Authority as pertaining to the function.
- Manage a team of professionals.
- Responsible for setting policies and procedures for the management of life insurance risk and provide insights and reporting of the risk type to business and other stakeholders.
- Responsible for implementing FirstRand policies pertaining to operational risk and IT risk and manage these risks for a growing insurer.
- Stays abreast of relevant industry risk management best practices and legislative amendments and suggests ways to leverage these to ensure continuous improvement.
- Create risk awareness and manages audit findings.
- Participate in Group risk forums where required and cascades relevant information through team.
- Provide oversight of implementation of risk policies and procedures, aligned to FirstRand policies and procedures, to ensure compliance with legislative and regulatory requirements.
ADVERTISEMENT - CONTINUE READING BELOW ↓
- Interpret and apply policy to business to drive risk outcomes.
- Develop key performance indicators to measure risk outcomes.
- Execute defined business strategy by translating it into the business operations.
- Communicate policy modification, objective achievement progress and critical success factors to impacted stakeholders.
- Ensure the development and implementation of multiple practices in alignment with operational policy and procedural frameworks.
- Manage the process for the Own Risk and Solvency Assessment and produce required outputs.
- Be aware of, and responsive to local conditions.
- Influence the development of appropriate organisational structures, capacity and delivery systems.
- Implement best practices against the risk management framework and adjust practices as and when necessary.
- Establish a sound risk management culture through awareness of campaigns to influence behaviour and drive the importance of compliance.
The ideal fit for the role:
- Bachelor of Commerce with specialisation in actuarial science, risk management or legal.
- 6-8 years’ experience in Risk Management or related fields for a life insurer.
- Proven ability to operate at both strategic and detailed level.
- Driven to consistently exceed expectations, strong work ethic and perseverance, with the ability to operate “in the grey”.
ADVERTISEMENT - APPLY BUTTON BELOW ↓