CRO – Chief Risk Officer – Actuary recruitment
Qualification: Qualified/ Certified Actuary
• Experience :
o Minimum 10 years Middle Management with 5 years Senior Management in General Insurance industry writing World-Wide risk
o Working experience with Insurance Capital Modeling tools
o In-depth knowledge of Loss Reserving including IBNR, Reinsurance Programs, Pricing etc
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.,
May 11, 2012
• Tags: Actuary recruitment, Chief Risk Officer, CRO, Insurance careers in the UK • Posted in: Financial