Regulatory & Financial Risk (RFR): Risk Insurance – Assistant Manager

Main Purpose:

In this role you will be delivering projects as part of a growing insurance sector risk management advisory team. The exciting opportunity within this role is it encompasses a broad scope of risk coverage across the insurance sector. You will have the ability to learn and grow across the full risk management spectrum.     

Key Responsibilities:

• Serve as a key team member in delivering financial risk related projects with particular focus in the life insurance and savings industry. Key coverage includes shaping risk operating structures, Own Risk and Solvency Assessment (“ORSA”) reviews, risk frameworks (e.g., Liquidity, Market Risk), industry-driven risk management methodologies, and governance frameworks to address complex technical and strategic challenges.
• Support in the delivery of wider ERM, insurance sector risk management, and balance sheet management related projects.
• Project management excellence with the ability to navigate and deliver within the context of large multidisciplinary client engagements.
• Foster collaborative relationships across regional and global teams, promoting knowledge exchange, consistent delivery excellence, and thought leadership.
• Supporting the management of key relationships, positioning the firm as a trusted advisor in financial risk management, enterprise risk management and regulatory compliance.
• Help identify growth opportunities and deliver impactful strategic presentations while providing innovative solutions to complex financial risk and regulatory challenges.
• Ensure excellence in governance, quality assurance, and operational delivery across all client engagements.
• You will be primarily responsible for delivery on client engagements and growing the business through contributing to achieving the revenue targets for the business unit.
• As regulations and market conditions continuously evolve in this space, this is a dynamic role that will offer and require consistent upskilling.

Our client projects primarily cover:

• Financial risk operating model and process design
• Various financial risk specialist advisory and strategic inputs
• Own Risk and Solvency Assessment reviews
• Forecasting, stress testing and risk appetite
• Best practices and controls
• Wider ERM and other insurance sector risk management projects

At Deloitte, our Purpose is to make an impact that matters for our clients, our people, and society. This is the lens for which our global strategy is set. It unites Deloitte professionals across geographies, businesses, and skills. It makes us better at what we do and how we do it. It enables us to deliver on our promises to stakeholders, while creating the lasting impact we seek.

Harnessing the talent of 450,000+ people located across more than 150 countries and territories, our size and scale puts us in a unique position to help change the world for the better—by bringing together the services we provide, the societal investments we make, and the collaborations we advance through our ecosystems.

Deloitte offers career opportunities across Internal Client Services, Audit & Assurance (A&A), Tax & Legal (T&L) and our Consulting services business, which is made up of Strategy, Risk & Transactions Advisory (SR&T) and Technology & Transformation (T&T). 

Are you ready to apply your knowledge and background to exciting new challenges? From learning to leadership, this is your chance to take your career to the next level. 

About Division

Regulatory & Financial Risk (RFR) is an established advisor within the SR&T business. We advise clients by simplifying regulatory, risk and compliance initiatives, while building great visibility, efficiency and confidence. Our vision is to be the leading provider of regulatory and finance risk advisory services across Africa.

The RFR team comprises a strong mix of business, risk and regulatory practitioners. In so doing we are able to bring our clients practical solutions that look to address their end-to-end strategic and business model requirements. Our service offering includes Credit Risk, Treasury, Capital and Liquidity Management, Valuations, Regulatory Advisory and Regulatory Assurance.

What Impact will you make

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you will find unrivalled opportunities to succeed and realize your full potential.

Required Qualifications

• Possesses a degree or post grad in Actuarial Science, Risk Management, Statistics, Economics, Mathematics, Finance, Accountancy, or a related field.
• Professional certifications (e.g., FRM, PRM, CFA) are preferred.
• Member of IFoA/ASSA and progress with professional Actuarial examinations advantageous.

Required Experience

3-4 years’ experience in financial risk/ERM/other risk related roles that encompass responsibilities such as:

• • Own Risk and Solvency Assessments (involvement in the process or as a reviewer)
  • Stress testing and risk appetite management
  • Understanding of financial instruments and how these are utilised by insurers for financial risk management purposes.
  • ERM risk management within the insurance sector
  • Liquidity, funding and interest rate risk management within an insurer
  • Funds transfer pricing

Required competencies:

• Understanding of financial risk management practices and processes.
• Governance and controls, policies and procedure documentation.
• Demonstrates expertise in one or multiple risk domains, including, Market Risk, Operational Risk, Liquidity Risk, and Credit Risk, as well as relevant regulations.
• Enterprise risk management within the life insurance and savings industry.
• Proficiency in data analytics and statistical modelling tools such as Python, SAS, and R, with advanced Excel and visualization software (e.g., Power BI, Tableau) preferred.
• Strong analytical, problem-solving, and data interpretation skills, with high attention to detail and a meticulous work approach.

Note: The list of tasks / duties and responsibilities contained in this document is not necessarily exhaustive.  Deloitte may ask the employee to carry out additional duties or responsibilities, which may fall reasonably within the ambit of the role profile, depending on operational requirements.

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