Chief Risk Officer x 1 – Lupane State University (LSU) 271 views

Applications are invited from suitably qualified and experienced candidates for the following post:

VICE-CHANCELLOR’S OFFICE

Internal Audit Section

Vacancy : Chief Risk Officer (1 Post)

Qualifications and Experience

• A Bachelor’s degree in Risk Management/Insurance and Risk Management or its equivalent.
• A Masters’ degree in Risk Management/Insurance and Risk Management or its equivalent will be an added advantage.
• Must have a high level of written and oral communication skills, as well as strong knowledge of business processes.
• Strong analytical skills and ability to effectively prioritise and coordinate multiple deliverables simultaneously.
• Strong ability to work effectively in a team and to communicate verbally and in writing with both external and internal customers.
• Ability to work independently to produce desired results.
• At least six years’ experience in a risk management position at senior level.

Duties and Responsibilities

The Chief Risk Officer position is accountable for the risk management operations of the University, to include the integration of risk concepts into strategic planning, and risk identification and mitigation activities. Principal accountabilities include:

• Create an integrated risk framework for the entire organisation.
• Assess risk throughout the organisation
• Quantify risk limits.
• Develop plans to mitigate risks.
• Advise on directing capital to projects based on risk.
• Assist functional managers in obtaining risk mitigation funding.
• Monitor the progress of risk mitigation activities.
• Create and disseminate risk measurements and reports.
• Communicate to key stakeholders regarding the risk profile of the university.
• Evaluate and monitor risk management strategies identifies within the organisation
• The Chief Risk Officer may be assigned a number of additional tasks besides the main ones already noted they include
• Oversee insurance. Decide upon the types and specifics of the various insurance policies that the organisation should buy.
• Recommend insurance alternatives. Recommend any alternative insurance features that are not currently being used, or suggest using insurance products that are entirely new to the University.
• Manage claims. Supervise the filing of insurance claims, monitor their progress with insurers, and verify that payments have been received.
• Conduct due diligence. Investigate the risks inherent in a target entity that may be acquired, as well as the state of its risk management practices.