Risk Manager

The Risk Manager is responsible for maintaining managing and executing processes to identify prevent assess mitigate monitor and report Fraud and Operational risks for the South African entities in support of all management activities. This role requires that all risk management activities align with the Groups Risk Management Strategy and Framework and support the organisations overall governance objectives. The Risk Manager forms part of the Risk and Compliance Department and reports directly to the General Manager of Risk Management with a fraud risk specialist reporting directly to them.

As a Risk Manager with Fraud Risk management responsibilities you will be responsible for but not limited to the below:

• Plan and coordinate annual risk management activities including scheduling and preparing risk assessment workshops.
• Facilitate structured risk workshops with department managers and heads to identify categorise assess and rate fraud and operational risks.
• Maintain and update the Risk Register by accurately capturing identified risks on the risk management system and ensuring ongoing reviews through regular engagements.
• Evaluate the effectiveness of internal controls monitoring key risk indicators (KRIs) in alignment with the approved risk appetite and escalating concerns where required.
• Monitor assess quantify and report on risk events ensuring timely escalation and rootcause analysis to support informed decisionmaking.
• Compile and present various management reports including OPSCO reports Fraud-specific reports and other risk-related dashboards as required.
• Support the review and enhancement of Risk Management policies ensuring alignment to bestpractice principles and regulatory requirements
• Conduct ongoing fraudrelated monitoring activities including reviewing and implementing exception reports and systemgenerated alerts and develop awareness campaigns to strengthen the organisations fraud risk culture.
• Continuously identify opportunities to improve fraud risk management practices.
• Identify calculate and report operational and opportunity losses providing insight for management and supporting loss prevention initiatives.
• Attend relevant company forums committees and meetings actively contributing to discussions initiatives and decisionmaking processes related to Fraud and Operational risk.
• Engage and collaborate with key stakeholders including management teams Internal Audit Compliance and Quality Assurance to ensure alignment on riskrelated matters and promote a strong risk culture.
• Develop and maintain effective working relationships with internal and external stakeholders to support information sharing risk insights and crossfunctional problemsolving.
• Maintain a deep understanding of departmental operations processes and associated risks enabling proactive identification of emerging threats and opportunities for improvement.
• Responsible for managing and supporting a Fraud Specialist to ensure effective execution of fraud investigative activities.
• Participate as an individual or as part of a project team on special projects such as the Annual Integrated Report (ESG).

Competencies

The successful individual would need to demonstrate the below listed competencies:

• Calm and professional mannered.
• Ability to deal with sensitive information with discretion and to maintain confidentiality at all times.
• Ability to listen effectively.
• Business enabler without compromising risk management principles.
• Can do attitude comfortable dealing with ambiguity resilient strong team player committed to continuous improvement.
• Very strong interpersonal skills and the ability to build relationships.
• Problem-solving with strong decision-making mind-set.
• Takes initiative and works under own direction.
• Engages professionally.
• Adapts and responds positively to change.
• The ability to multitask and handle stress to meet project deadlines.
• Works meticulously always demonstrating a very high level of attention to detail.
• Excellent written and verbal communication skills.
• Ability to communicate effectively on all levels.

Qualifications :

Requirements

• Relevant Risk Management or equivalent qualification.
• 3 years experience in Risk Management or
• 3 years experience in Fraud Investigation practices.
• Knowledge of fraud schemes fraud indicators and investigative procedures (advantageous).
• Problem-Solving and Analytical Skills.
• Proficient in MS Office Suite.
• Business and report writing skills.

Evidence of

• Personal drive and a positive attitude.
• Knowledge of Enterprise Risk Management principles frameworks and methodologies.
• Upholds ethical standards and the ability to maintain confidentiality.

Additional Information :

An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service Dynamic Honest Human Passionate and Recognition.

In accordance with OUTsurance Insurance Company Ltd Employment Equity goals preference will be given to individuals who meet the job requirements and are from the various designated groups. 

Remote Work :

No

Employment Type :

Full-time