Risk Manager

ABOUT THE COMPANY

For more than three decades, the CIC Insurance Group has dependably shouldered the risks of the Kenyan people through providing insurance services that help you plan for life stage needs, secure your future, protection you against rising health expenses and safeguard your investments.
Besides giving our customers peace of mind, we continuously work towards living up to our commitment to safeguard the interests of individuals and businesses that insure with us by paying claims promptly. Our consistent adherence to our motto “We Keep Our Word” has made us the fastest growing insurance company in Kenya and the 2nd largest insurer by market share.

JOB SUMMARY

Who We’re Looking ForQualificationsBachelor’s Degree in a relevant fieldCISA/CISM/CRM or Progress in CPA.IRMCert / ISO 31000 is an added advantage8 years relevant experienceKey competenciesCustomer focused and have strong business acumenStrong leadership skills to drive business performanceEffective collaborator with excellent communication skills.Organized, detail-oriented, and able to work under tight timelines.Committed to professional growth and continuous learning.Effective stakeholder management and conflict management

RESPONSIBILITIES

Risk ManagementDevelop, implement, and continuously improve the company’s Enterprise Risk Management framework aligned with ISO 31000 and COSO ERM standards.Conduct comprehensive risk assessments across operational, strategic, financial, compliance, cyber, ESG, and reputational areas.Facilitate annual risk appetite and tolerance reviews with the Board and Executive Committee.Establish and maintain a centralized risk register and ensure regular updates by all departments.Develop, test, and monitor business continuity and disaster recovery plans.Provide actionable risk insights to support strategic decision-making.Assessment of risk positions and exposures for all CIC Group entities as well as actions taken to manage these risks.Analysis of trends and patterns and developing rules and strategies to improve the efficiency of risk identification and assessment.Preparation and/or regular update of the risk framework, risk registers, risk appetite statements and risk tolerance statements for each of the CIC Group entities.Assessment of changes in CIC Group’s risk profile and pre-defined risk limits and advising management accordingly.Analyze emerging risks and trends, and develop strategies to mitigate exposure.Oversee development and implementation of risk mitigation plans and action tracking mechanisms.Ensure timely reporting to senior management and the Board, including updates on risk appetite, tolerance levels, and residual risk.Business ContinuityReview and maintain the Business Continuity Management (BCM) Framework and ensure alignment to ISO 22301: 2019 and other laws, regulations and standards in relation to business continuity management.Manage the implementation and coordination of the Group’s Business Continuity Management (BCM) Framework and support the Management on Business Continuity Management (BCM) policies and practices, to identify, evaluate, and address the entire portfolio of strategic & operational risks and vulnerabilities that presents risks to the continuity of business in the event of various impacts.Coordinate the Annual Business Impact Analysis for all units across the Group and ensure documented Business Continuity Plans (BCPs) are in place and updated in line with the Company’s Business Continuity Management (BCM) policy and International best practice.Plan, coordinate, and document regular testing of Business Continuity Plans (BCPs) to validate their effectiveness, identify gaps, and ensure organizational readiness during potential disruptions.Reporting & CommunicationPrepare high-quality reports and presentations for executive and board-level risk and compliance discussions.Provide quarterly status reports on data protection and risk management to senior and middle management.Escalate instances of non-compliance or high-impact risk events promptly, with recommended actions.Leadership & People ManagementSupervise and coach the reportees, including performance appraisals and development planning.Foster cross-functional collaboration on risk and compliance initiatives across CIC subsidiaries.

REQUIRED SKILLS

Compliance, Key performance indicators, Internal control, Quality control and supervision

REQUIRED EDUCATION

Bachelor's degree