Enterprise Risk Management Specialist: Group Actuarial

Date: 6 Dec 2024

Location:

Bellville, Western Cape, ZA

Company: Sanlam Group

Who are we?

Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets, with listings on the Johannesburg, A2X and Namibian stock exchanges. In 2018 the Group celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 31 countries and has the biggest non-banking financial services footprint on the African continent.

The Group's five business clusters (Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the five clusters, assisting them in realising their strategies and meeting their business objectives. The Group Office is responsible for governance and for the Group's centralised functions, which include: Finance, Actuarial and Risk Management, Strategy, Human Resources, Market Development and Sustainability.

What will you do?

Responsible for development and coordination of risk management programmes and ensures that risk management programmes are designed to identify and measure risk by developing and using risk identification and measurement methods such as risk and control self-assessments, loss event database and process flow analysis. Responsible to make accurate risk mitigating recommendations to implement internal controls, transfer risk e.g. 3rd party insurance or avoid the risk-related business. Collect and analyses risk information and ensures that the organisation is adequately protected against loss. Draft reports including recommendations on proactive management decisions to prevent risk events. May have supervisory responsibilities.

What will make you successful in this role?

Develop and Maintain Enterprise Risk Management (ERM) Framework and policies and procedures
BCM Coordination and Reporting
Crisis Management Processes and planning, including OHS
Assist with annual ERM plan
Risk maturity profile assessed and maintained
Solid understanding of risk frameworks, COSO, ISO standards, etc.
Be comfortable to present to senior management, other stakeholders, Risk Committee, etc.
Oversight over ERM Operational Risk Management system – Data Quality and Risk Methodology and reporting
Provide Risk Training to wider risk teams and business
Actively engage with Cluster Chief Risk Officers and risk teams
Perform deep dive risk analysis on various risk topics
Assist with Risk workshops and establishment of risk registers
Risk Reporting and Presentations to stakeholders – Risk Committee / Board level reporting
Frequent Engagement with Business / Cluster Risk Teams on various risk matters
Assist with regulatory engagements / presentations and information requests
Maintain and improve on Risk Taxonomy and other risk structures and governance within the group
Work closely with Group Compliance, Group Internal audit and Group Finance Teams.
Monitoring and Oversight on Risk activities across the group and reporting on such activities.
Policy adoption and compliance to risk policies

Qualification and Experience

Post Graduate Qualification, Preferably in Risk Management, Economics, Actuarial or Investment management.
Qualified CA(SA).
Minimum of 10 years experience in an Enterprise Risk management function, preferably in the financial Services Industry.
Risk Certifications such as FRM, CRM will be beneficial
Previous experience in a Senior Manager Risk role within a large corporate organisation with proven track record in ERM function is essential.

Knowledge and Skills

Risk management

Data collection

Business Processes

Reporting and Administration

Quality, compliance and accreditation

Personal Attributes

Organisational savvy - Contributing strategically

Balances stakeholders - Contributing strategically

Plans and aligns - Contributing strategically

Manages complexity - Contributing strategically

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies

Cultivates innovation - Contributing strategically

Customer focus - Contributing strategically

Drives results - Contributing strategically

Collaborates - Contributing strategically

Being resilient - Contributing strategically

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

The closing date for applications is 10 January 2025.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.