Risk Officer at - Nairobi, Kenya - Tausi Assurance Company

Description

In the beginning:
it was a quiet day in 1992, seven shareholders got together and formed Tausi Assurance Company limited.

The Company opened its doors quietly but confidently for business in 1993 in Westlands, with a Paid up capital of Kshs 20million and a staff of nine.

Summary


REF:
TAS/HR/AL/ADV/00287/2024
Summary

Tausi Assurance is an expanding company that has achieved remarkable success in the General Insurance sector.

With over two decades of service, we take immense pride in our unrivaled legacy of excellence in catering to our valued clients.

As part of our ongoing efforts to enhance our Risk Department, we are actively seeking to hire a qualified and experienced candidate to become integral members of our team.

The successful candidate will mainly be responsible for carrying out risk assessments to analyze areas of potential risk and make appropriate recommendations and reports.

Essential functions

Assist in formulation, update and implementation of the Company's Risk and Compliance Framework and Policies.

Identify opportunities for business process improvement through leveraging on technology and systems to support the risk management process in the organization.

Assist in development of robust key risk indicators on risk factors for monitoring and reporting of risk exposures.
Monitor implementation of action plans by the Management to ensure risk mitigation efforts are proceeding as required.

Continuously evaluate the adequacy of the company's internal control framework in addressing risks and accomplishing the company's goals and objectives.

Monitor the organization's compliance with relevant laws and regulations.
Enforce, implement and train staff on Company risk exposures, policies and procedures.

Conduct continuous risk reviews on operations and implementation the Company's strategic plan and present ideas through reports and presentations outlining findings and providing recommendations on mitigating potential risks.

Assist in preparation of quarterly reports on risk identification and assessment for issuance to the Company's Board Risk Management Committee.

Keep abreast of on-going regulatory, macro and micro-economic developments and provide advice with regards to potential/emerging risk areas.
Participate in creation, testing and review of the Company business continuity plans to limit risks.
Perform any other duties as may be assigned from time to time

Requirements
Skills and Competences

Bachelor's degree in Business Administration, Actuarial Science or Statistics.
At least 2 years' experience preferably audit/risk/compliance related functions.
Professional qualifications such as IRM, CRISC, FRM will be an added advantage
Strong computer skills

Personal Attributes

Good communication (written and verbal) skills, including well developed presentation skills.
Strong analytical skills
Report and minutes writing skills
People management
IT skills