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Risk Director

This project involved leading a team of risk professionals responsible for monitoring and analysing the organisation’s risk exposure on both day-to-day and long term bases.

creative GAAPS was engaged to provide an creative manager to undertake the following key deliverables for the assignment.

1. Define, develop, implement and maintain a Life business risk framework.
2. Ensure that all Market, Credit, Operational and Insurance risks are identified, appropriately measured and reported in a timely and complete manner.
3. Ensure that all such risks are communicated and managed according to risk framework and policies, including the setting of risk limits and guidelines according to risk appetite and investment mandates.
4. Ensure that risk management processes and practices are aligned with good industry practices.
5. To ensure that business processes for the Life risk department are efficiently designed, operated and reviewed with respect to the changing external environment.
6. Provide significant input and influence the infrastructure for controlling and managing risks for the business.
7. Ensure overall compliance by the business with the application of regulatory requirements and risk policies and principles
8. Provide consultancy to the business areas where requested and represent the department or the organisation on internal and external forum as required
9. To be aware of cost and identify opportunities for increased efficiency and effectiveness of risk practices and processes.
10. Support the Director of Market Risk in developing and executing business plans and in meeting regulatory accountabilities.
11. To act as a trusted advisor to the business managers in respect of risk management issues, including review of operational plans, new business/products proposals.
12. To exercise judgement in escalating significant risk issues to senior management.
13. Actively direct a team/teams of risk professional in achieving risk management objectives and accountabilities.
14. Be aware of, encourage and support workplace diversity.