Role Purpose
The Senior
Risk Officer will oversee and manage the organization’s risk management
framework, policies, and processes. The job holder will be responsible for
identifying, assessing, and mitigating risks to ensure the company operates
within acceptable risk tolerances and complies with regulatory requirements.
Key
Responsibilities
Strategy
- Develop and
implement a comprehensive risk management framework and policies aligned
with industry best practices and regulatory guidelines.
- Develop and
maintain risk mitigation strategies and controls, including the
implementation of risk management plans and processes.
Operational
- Identify and
assess risks across various areas of the organization, including
underwriting, claims, investments, operations, and compliance.
- Conduct risk
assessments, analyse data, and evaluate the potential impact and
likelihood of identified risks.
- Monitor risk
indicators and key risk metrics to identify emerging risks and potential
vulnerabilities.
- Collaborate
with internal stakeholders, such as senior management, underwriters,
actuaries, and compliance officers, to ensure effective risk management
practices and promote a risk-aware culture.
- Provide
guidance and support to business units in identifying and assessing risks
associated with new products, initiatives, or operational changes.
- Monitor and
analyse industry and regulatory developments to ensure compliance with
risk management regulations and best practices.
- Evaluating the
effectiveness of risk management programs and recommending changes as
necessary.
- Develop and
deliver risk management training programs to enhance risk awareness and
understanding across the organization.
- Prepare risk
reports and presentations for senior management and board meetings,
providing insights on the organization’s risk profile and recommending
risk mitigation strategies.
- Facilitate
maintenance and review of risk register with the risk owners.
- Monitor and
follow up on closure or remediation of identified risk issues with the
risk owners.
Corporate
Governance
- Stay updated on
emerging trends, best practices, and industry benchmarks related to risk.
- Adherence to
the laws and regulations of Kenya, the policies and regulations within the
insurance industry and all internal company policies and procedures.
- Ensuring
compliance with applicable statutory and regulatory requirements and
establishing mitigation measures against emerging business risks.
- Provide
assurance regarding the effectiveness of the Risk Management, Control, and
Governance Processes
Leadership
& Culture
- Fostering a
corporate culture that promotes ethical practices and good corporate
citizenship while maintaining a conducive work environment.
- Collaborate
with cross-functional teams to develop initiatives that promote a positive
and inclusive company culture.
- Individualized
Development Planning: Create personalized development plans that align
with your career aspirations and the organization’s objectives.
Laws,
Regulations and Company Policies
- Stay informed
about and strictly adhering to all applicable laws, including Anti-Money
Laundering (AML) and Counter Financing of Terrorism (CFT) laws, Data
Protection laws, and any other relevant regulations applicable to the
industry; Understand, implement, and enforce internal company policies,
processes, and procedures; Ensure that operational compliance programs are
in place within your department. Develop and implement processes and
controls that promote compliance with external laws, regulations, and internal
policies; Foster a robust ethical culture within the organization, Lead by
example, demonstrating and promoting ethical behavior, integrity, and
compliance with laws and regulations. Encourage open communication and
reporting of any potential compliance concerns or violations.
Key
Skills and Competencies
- Risk Management
Expertise: In-depth knowledge of risk management principles, frameworks,
and methodologies within the insurance industry.
- Analytical
Thinking: Strong analytical skills to identify, assess, and evaluate risks
and their potential impact on the organization.
- Problem-Solving:
Ability to develop innovative solutions to mitigate risks and address
complex risk management challenges.
- Strategic
Mindset: Ability to align risk management practices with organizational
strategies and objectives.
- Communication
Skills: Excellent verbal and written communication skills to effectively
communicate risk-related information to stakeholders at all levels.
- Collaboration:
Strong interpersonal skills to collaborate with cross-functional teams and
foster a risk-aware culture.
- Attention to
Detail: Thoroughness and accuracy in conducting risk assessments,
analyzing data, and preparing risk reports.
- Leadership:
Ability to provide guidance, mentorship, and support to junior risk
management staff.
Academic
& Professional Qualifications
- Bachelor’s
degree in risk management, business administration, or related field.
- Professional
certifications in risk management
Relevant Experience
- 7 years’
experience in risk management, with at least 3 years in a supervisory role
- Experience
working in the insurance or banking or financial services industry.
- Proven track
record of developing and implementing effective risk management
strategies.
- Strong
understanding of financial risks and regulations.
- Proficiency in
data analysis and interpretation using statistical tools and software
How to
Apply
If you
are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com
quoting the Job Reference Number Job Ref. No: JHIL139 and
Position by 19th December 2025.
