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Risk Manager

1.00 to 10.00 Years   Al Kuwait, Kuwait   29 Nov, 2021
Career Hunters
1 Jobs Openings
Job LocationAl Kuwait, Kuwait
EducationNot Mentioned
SalaryNot Mentioned
IndustryRecruitment & Employee Placement Agency; Insurance & TPA; Investment, Securities & Funds
Functional AreaNot Mentioned

Job Description

Report To: Board of DirectorsTo lead the development of effective ERM frameworks, undertaking a key functional and advisory role, contributing to the achievement and objectives, and to uphold the Company?s ethics, strategies and policies.Key Responsibilities

  • Develop risk management strategies, risk appetite, principles, framework and policy across the Company for Risk, Investment or Reinsurance committee member.
  • Provide overall leadership, vision and direction for risk management throughout the business activities.
  • Develop the risk management strategy, policy and framework.
  • Instill risk management principles, promote risk management awareness and embed risk culture in the Company
  • Develop a cost effective ?business-wide approach? to ERM.
  • Guide the risk committee, audit committee and Board through the risk strategy, appetite, policies, delegated authorities and limit structures.
  • Support capital management activities.
  • Provide advice to the business units on risk-related issues
  • Implement appropriate risk controls, processes and methodologies.
  • Lead, develop, select, implement, validate and maintain processes, procedures and systems for risk management.
  • Develop processes with other business units and related parties for determining, allocating, monitoring and managing capital requirements and measuring risk adjusted performance.
  • Manage the activities of the risk management function, ensuring adequacy of resources.
  • Coordinate different risk management areas and review risk management standards / guidelines.
  • Oversee self-assessment procedures for business units.
  • Review market disclosures.
  • Analyze and integrate risk into decision-making process to control the impact of investment decisions on the Company.
  • Advise and coach management and business units on risk management:
  • Present informed and objective challenges to the executive management on risk management techniques for risk identification.
  • Institute training courses, and build awareness of continuity risks.
  • Co-ordinate appropriate and timely delivery of risk management information.
  • Provide management with information on risk management, including loss statistics.
  • Identify, escalate and oversee the resolution of risk management issues.
  • Report quarterly to the Board on the management of risk and aggregate risk profile.
  • Advise on sources of good practice and (outside) expertise.
?People Management
  • Identify, set and agree on KPIs and objectives.
  • Prepare performance planning (PP) and conduct performance appraisal (PA) and PP/PA interviews including employee development plans and counsel employees on career progression opportunities and approve training requests.
  • Recommend employee promotions, salary adjustments, and disciplinary actions and approve vacation and overtime.
  • Identify staffing needs, participate in interviewing panels and take hiring decisions.
  • Maintain and promote staff motivation by addressing employee grievances promptly and escalating when necessary and enforcing fair and equitable compliance with company policies and procedures.
Other???Prepare periodic and ad hoc reports as requested by management.???Document and maintain records of activities and process workflows.???Adhere to company policies.???Perform other duties as requested by management

Keyskills :

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