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Head of Risk Management Strategy
2 months ago
Position Overview
We are looking for a Head of Risk Management Strategy to ensure the financial stability and operational integrity of the organization. This pivotal role requires a deep understanding of risk management principles, insurance compliance, and the administration of insurance policies.
Key Responsibilities
- Develop and execute a robust risk management framework that aligns with industry standards and regulatory mandates.
- Identify, evaluate, and prioritize potential risks across the organization, including operational, financial, legal, strategic, compliance, and reputational aspects.
- Design and implement effective risk mitigation strategies to reduce the likelihood and impact of potential losses.
- Oversee risk financing initiatives, including the procurement of insurance, management of claims, and implementation of loss control measures.
- Stay informed on emerging risks and industry developments, adjusting risk management strategies as necessary.
- Promote a culture of risk awareness by providing training and resources to employees at all levels.
- Conduct regular assessments and audits of organizational operations to evaluate the effectiveness of risk management controls.
- Clearly communicate risk-related information to senior management and stakeholders.
- Manage the budget for the risk management department.
- Lead and mentor a team of risk management professionals, fostering their professional growth.
- Represent the organization at various risk management and insurance meetings.
Qualifications
- A bachelor's degree or higher is preferred but not mandatory.
- A minimum of 5 years of experience in risk management, demonstrating a successful track record in developing and executing risk management programs.
- Certification in Risk Management (CRM, FRM, or equivalent) is advantageous.
- Strong analytical and problem-solving capabilities.
- Exceptional communication, interpersonal, and presentation skills.
- Ability to work autonomously as well as collaboratively within a team.
- Proficiency in MS Office Suite.
- Financial accounting and legal knowledge is beneficial but not essential for this role.