POSITION: RISK OFFICER

Reliance Insurance Company (T) Ltd is one of the leading non-life insurers in Tanzania having pan regional presence in Dar es Salaam, Arusha, Mwanza and Mbeya. The Company offers full array of non-life insurance products like Fire, Engineering, Motor, Work-men compensation, Liability, Marine Hull and Aviation.

The company is looking for a competent Risk Officer
Primary Responsibilities:

• Formulating risk strategy, implementing and integrating across various departments
• Developing plans, standards, procedures and guidelines to support the implementation of Risk policies and frameworks
• Identifying and maintaining an aggregated view of the risk profile of the company as a legal entity by developing and updating the risk registers.
• Assessing the company’s capacity to absorb risk with respect to nature, probability, duration, correlation and potential severity including monitoring and conducting regular stress testing, scenario analyses and other specialist analyses of risks.
• Communicating the risk management policies to all employees as well as organizing and conducting risk management trainings, awareness initiatives to ensure risk and compliance culture
• Report to Management, Key Persons in control functions and the Board on the company’s risk profile, significant compliance issues and details on the risk exposures facing the company and related mitigation actions as appropriate;

Academic Qualifications

• Bachelor’s degree in Business, Risk Management, Actuarial Science, Insurance or an equivalent
• Professional Qualification
• CPA or Risk Management qualification or CISA

Experience

• At least 4 years in a risk management environment in the financial industry, preferably insurance.