Manager- Group Risk Management

Location: ,
Job Category:
Job ID: 120152
Employment Type:
Salary:
Posted: 03.25.2025

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Occupations:

Accounting-Finance : General-Other: Accounting-Finance, Risk Management-Compliance

Job Description:

Job Title: Manager- Group Risk Management

Location: Port-of-Spain

Reports to: Vice President Group Risk
 
JOB SUMMARY
To plan, monitor and implement risk control measures across the SLI Group in line with relevant legislation and company standards and policies. The incumbent provides support in the function by advising the business and management on any potential risks and ensure the implementation of mitigation controls.
 
KEY DUTIES AND RESPONSIBILITIES:
 

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.

 
KNOWLEDGE & SKILLS REQUIRED
Education/Experience:

• 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.

 
 
 

Job Requirements:

KNOWLEDGE & SKILLS REQUIRED
Education/Experience:

• 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.