Junior Risk Officer

An established insurance company is seeking a Junior Risk Officer (JRO) to support the identification, assessment, monitoring, and reporting of operational risks across the organisation. The ideal candidate will have a strong understanding of risk principles, excellent analytical abilities, and a commitment to maintaining high standards of accuracy, integrity, and professionalism.

Responsibilities

• Participate in the preparation of plans and strategies for effective risk assessment and management.

• Assist in developing tools for monitoring operational risk exposures.

• Review and assess inherent risks in new processes and systems, making recommendations to the Manager.

• Review existing processes and systems to identify risk exposures and propose mitigation measures.

• Provide technical support to the Underwriting, Claims, and Reinsurance departments in assessing and managing operational risks.

• Conduct sensitisation and training for staff on operational risk control.

• Record all operational risk incidents in a database and prepare periodic and ad hoc incident reports, analysing causes and recommending controls.

• Prepare operational risk reports as required by the Manager.

• Monitor external and internal developments to identify emerging risk exposures.

Requirements 

• Degree in Actuarial Science, Business Administration, Commerce, or a related field.

• Risk Management Certification (advantageous).

• Experience in risk management, audit, or underwriting (advantageous).

• Knowledge of risk management principles.

• Good understanding of the insurance industry, including insurance principles, theory, and practice.

• Knowledge of management information systems.

• Strong practical skills in risk assessment and management.

• Strong computer literacy.

Benefits