Risk Manager : Sanlam Life & Savings & Sanlam Fintech - Bellville
Who are we?
Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives. Business Description:
Sanlam Life and Savings (SLS) offers retail and corporate life insurance and investment products in South Africa. The cluster provides clients with a comprehensive range of appropriate and competitive financial solutions, designed to facilitate long-term wealth creation and protection. SLS believes in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success.
Sanlam FinTech (SFT) is a separate cluster in the Sanlam Group that collaborate with and leverage off all the other legal entities and licenses across the wider Sanlam Group. The cluster has been set up outside of the constraints of the traditional business, to operate in an agile fashion, thinking differently.
SLS: Risk Management forms part of the SRA: Actuarial department. It provides risk and balance sheet management services to both of SLS and SFT.
The focus areas of the team are to:
Deliver efficient risk reporting and risk management solutions across SLS and SFT.
Provide projections, stresses, sensitivities, and other risk management information to optimise and strengthen the strategies, balance sheets and income streams.
Understand and optimise the drivers of profit streams within the clusters.
Perform dedicated balance sheet management by actively identifying opportunities, accessing viability, and driving implementation.
Embed the ORSA in the strategic & risk management of SLS and SFT.
We are committed to transformation and embracing diversity.
What will you do?
The role entails 2nd line risk management, which includes delivering efficient risk reporting and risk management solutions and business continuity co-ordination across SLS and SFT .
Align, support, and implement operational risk processes in line with the SLS and SFT strategic business and risk requirements.
Provide input to the SLS and SFT Enterprise Risk Management (ERM) Policy Framework and related policies & governance documents.
Assist management with implementation and adherence to the ERM framework.
Evaluate, report, and provide input into the appropriateness of management response to risk exposures, and the likely effectiveness of these mitigation actions and strategies.
Monitor, identify and communicate emerging risks, and consider the adequacy of existing controls in relation to these.
Facilitate the application of the ERM software solution (CURA) across the SLS and SFT Clusters.
Facilitate the roll out and application of the BCM software solution (Morgan Solus Toolkit) across the SLS and SFT Clusters
Participate and/or execute on ad hoc risk management initiatives/ projects. What will make you successful in this role?
Relevant Tertiary Qualification (B. Com / Certified (or progressing towards certification) Risk Management Practitioner / at least 5 years’ experience in Operational Risk Management in the insurance industry.
Sound knowledge and experience in governance, risk management and control principles would be an advantage.
Experience in a similar capacity within the Insurance Industry would be an advantage.
Experience in Business Continuity Management (BCM) will be considered favorably.
Exposure to Enterprise Risk Management Software would be an advantage.
Business acumen and organisational awareness.
Ability to establish and maintain effective relationships at various levels of the organisation.
Client focused and results and timeline driven.
Strong communication (verbal and written - English business language) and collaboration skills.
Analytical thinking and problem solving.
Ability to influence risk-related decision-making.
Flexible and Adaptable to change.
Proficiency in MS Office (MS Word & MS Excel). Knowledge and Skills Risk management Data Collection Business Processes Reporting and Administration Quality, compliance and accreditation Personal Attributes Interpersonal savvy - Contributing through others Decision quality - Contributing through others Plans and aligns - Contributing through others Optimises work processes - Contributing through others 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 four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development. Core Competencies Cultivates innovation - Contributing through others Customer focus - Contributing through others Drives results - Contributing through others Collaborates - Contributing through others Being resilient - Contributing through others 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.
20 November 2023 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.