Chief Risk Officer recruitment

Key Competencies  

• a sound understanding of ERM principles and philosophy

• ability to think strategically

• excellent communication skills

• excellent facilitation skills

• able to organise and motivate others, who in many cases may be in a more senior position

• ability to work with all levels of management and across business units and departments

• a Team player

As the functional head of ERM the CRO facilitates the execution of ERM processes and infrastructure as a key enabler to achieving the business objectives of the organization.

More specifically, the CRO:

• Assists the Board and senior management to establish and communicate the organization’s ERM objectives and direction

• Assists management with integrating risk management with the strategy development process

• Assists the CEO and the Executive Committee to develop and communicate risk management policies, risk appetite and risk limits

• Assists in developing risk mitigation strategies for the organisation’s critical risks and for monitoring these risks

• Assists optimizing reinsurance programmes, pricing considerations, financial strength of insurers, claims management capabilities.

• Performing scenario testing on capital model and assist Senior management in decision making, budgeting, financial planning

• Establishes, communicates and facilitates the use of appropriate ERM methodologies, tools and techniques

• Works with business units to establish, maintain and continuously improve risk management capabilities

• Facilitates enterprise-wide risk assessments and monitors priority risks across the organisation

• Implements appropriate risk reporting to the CEO, Executive Committee, Board and senior management

• Ensures effective alignment between the ERM process and internal audit and risk financing

• Conducts risk management education and training from time to time

• Assists the CEO and the executive committee with capital and resource allocation decisions

• Provide an independent view regarding proposed business plans etc.,