Description

1. The Core Responsibilities of this role are:
   • Complete/Update the annual Own Risk Solvency Assessments (ORSA) for relevant territories. 
   • Document/Update the Recovery Plans annually for relevant territories/entities.
   • Document/Update Liquidity Contingency Plans annually.
   • Document/Update the Capital Management Plan/Policy annually.  
   • Conduct Product Risk Assessments for new and amended Insurance Products.  Participate in the Product Development Committee.  
   • Guide the establishment and monitoring of Risk Tolerances by entity/territory.
   • Document/Update the SLI Group’s Stress Testing Framework.
2. Other responsibilities include: 
   • Provides Guidance and feedback to Business Units on Risk Management matters as needed. Perform a risk advisory role on assigned projects to ensure all relevant project risks and controls are considered/captured. Builds risk awareness across the Group by providing support and conducting training where necessary.
   • Assists with maintaining and improving the Enterprise Risk Management Framework in the SLI Group –
     • Assists with the Top Strategic Risk exercise at least annually with the various Business Units/Entities in the SLI Group; ensuring these identified risks are factored into their Strategic Plans.  Prepares reports/heatmaps and presentations. 
     • Assists with the preparation of regular Risk Reports/Updates, which analyse and assess the risk profile of the SLI Group and presents to Executive Management, the IRC and the Board.
   • Assists with policy formulation, documentation, rollout and implementation of applicable policies/procedures/templates as required.
   • Assists with the review of new regulations or regulatory guidelines with a view to ensuring our policies adequately address the requirements. 
   • Assists with the review and/or preparation of quarterly Financial Risk reports for the Board Investment & Risk Committee (Credit, Interest Rate, Liquidity and Foreign Exchange Risks) for all portfolios/territories within the SLI Group.  
   • Assists with conducting thorough independent evaluations of credit applications (investment & mortgage proposals) for the SLI Group.  
   • Other responsibilities: 
     • Continuously monitoring and reviewing changes in the external environment;
     • Keeping abreast of changes in risk management practices and standards, the insurance industry, the regulatory environment, accounting practices, government/tax regulations etc;
     • Performance of sundry tasks or projects assigned by the VP – Group Risk Management.

• Master’s degree in Economics, Finance, Business Administration, Accounting or Law or related professional qualification.
• Professional Risk Management qualification would be an asset.
• Actuarial qualification or experience would be an asset.
• Minimum 5-10 years’ experience in Risk Management in the Insurance industry.  Experience in following areas would be an asset: Enterprise Risk Management, Financial Risk Management, Actuarial, Policy Development/Writing, Insurance Products.  
• Minimum 3-5 years at a Managerial level
• Good understanding and knowledge of the regional insurance industry, regulatory framework and economies.
• Ability to identify significant risks and associated mitigating factors.
• Strong written and verbal communication skills
• Strong analytical and project management abilities
• Ability to handle high volume workflow situations.
• Strong team development capabilities
• Demonstrated ability to accept accountability, assume leadership and initiative.