Risk Officer Job Opportunity at Reliance Insurance Company (T) Ltd

Position: Risk Officer  
Dar es Salaam
Reliance Insurance Company (T) Ltd

Reliance Insurance Company (T) Ltd is one of the leading non-life insurers in Tanzania having pan regional presence in Dar es Salaam, Arusha, Mwanza, Mbeya, Dodoma and Zanzibar. The Company offers full array of non-life insurance products like Fire, Engineering, Motor, Work-men compensation, Liability, Marine Hull and Aviation.

The company is looking for an capable and experienced Risk Officer..

Primary Responsibilities:

• Creating a risk strategy, implementing it, and integrating it across departments Developing plans, standards, procedures, and guidelines to support the implementation of risk policies and frameworks
• Identifying and maintaining an aggregated view of the risk profile of the company as a legal entity by developing and updating the risk registers.
• Assessing the company’s capacity to absorb risk with respect to nature, probability, duration, correlation, and potential severity, including monitoring and conducting regular stress testing, scenario analyses, and other specialist analyses of risks.
• Communicating the risk management policies to all employees, as well as organizing and conducting risk management training and awareness initiatives, will ensure a risk and compliance culture.
• Report to Management, key persons in control functions, and the Board on the company’s risk profile, significant compliance issues, and details on the risk exposures facing the company and related mitigation actions as appropriate:

Academic Qualifications

Bachelor’s degree in Risk Management or an equivalent field.

Professional Qualification

CPA or Risk Management qualification or CISA

Experience

At least 4 years in a risk management environment in the financial industry, preferably insurance.

How to apply

Applicants are requested to submit their resumes giving the details of three referees along with copies of certificates.

Application can be delivered with the envelops clearly marking the position applied for at the address given below and or/or sent by email

The Chief Executive Officer
Reliance Insurance Company (T) Ltd
3rd8t4th Floor, Reliance House,
Plot no 356, UN Road Upanga
P.o. Box 9826 Dar es Salaam
Email: [email protected]

The deadline for receipt of all applications is 5:00 Pm on Friday 15th July 2022.