Council Of Health Insurance
Job title
Risk Management Section Head
Job purpose
The job holder is responsible for managing Risk Management section activities including improving the development and implementation of risk strategy, and managing risk identification, classification, assessment, and mitigation to minimize and mitigate risks in CHI practices.
Responsibilities
Keep abreast of latest national and international risk management standards to identify best-fit risk management practices for CHI
Develop and maintain CHI risk management strategy, standards, tools, and mitigation framework in line with best practices and lessons learned
Assess and provide advice concerning developed risk management appetite, policies, guidelines, frameworks, producers, templates, forms, and criteria for risk identification, classification, assessment, and mitigation
Develop and maintain framework to train CHI employees on set plans, onboard and raise awareness on new strategy, answer inquiries and concerns, and ensure continuous re-enforcement of risk culture across CHI
Manage internal and external assessments to identify risks per department and activity, receive feedback from businesses/ champions, and modify risk management strategy accordingly
Manage risk monitoring through consolidated risk indicators and mitigation status for identified risks
Ensure development and maintenance of risk register and update regularly in coordination with concerned departments
Ensure support is provided to CHI departments in developing Key Risk Indicators (KRIs) for their risk register
Manage the automation and maintenance of risk management modules in GRC system to maintain documentation and improve workflow efficiency
Review identified, prioritized and categorized potential threats (financial, regulatory, people, operational, etc.), assess their impact on CHI, and recommend next steps
Review developed mitigation and recovery plans to minimize risks and threats and ensure coordination with CHI departments in all phases
Maintain regular follow-up with concerned stakeholders on risk mitigation analysis and mitigation plans development and implementation
Ensure proper implementation of developed risk management plans and share reports with relevant stakeholders
Evaluate CHI risk management current practices and provide subject matter expertise to identify areas of improvement
Education, Certifications
Bachelor’s Degree in Business Administration or a related field
Chartered Enterprise Risk Analyst (CERA) certification is preferable or a related field
Knowledge of ISO 31000 is preferable
Proficient in oral and written English language
Experience
7+ years of relevant experience
Experience in operational, financial and health risk management