African Trade Insurance Agency Chief Executive Officer - Jobs in Kenya

African Trade Insurance Agency Chief Executive Officer - Jobs in Kenya

Company Background

The African Trade Insurance Agency (ATI) is a pan-African multilateral financial institution
established in 2001 by African States and by an International Treaty.

ATI enjoys diplomatic privileges and immunities.

ATI which was launched with the technical and financial support from the World Bank Group
and, with a further support by the African Development Bank, ATI has grown into a market
leader for risk mitigation in Africa.

ATI provides political risk insurance and credit insurance to companies, investors, and lenders interested in doing business in Africa. With deep roots in Africa, it is uniquely positioned to understand and assess the risks, and to help mitigate them.

As a result, ATI offers robust risk
solutions to its clients; their financial partners have come to rely on ATI’s first-class
assessments because of its credibility, financial strength, and underwriting capacity.

ATI’s membership includes African Member States as well as a number of corporate and
institutional shareholders.

ATI was awarded a stable long term ‘A’ rating by Standard & Poor’s since 2008, which was a
re-affirmed in August 2018. ATI has now firmly established itself as Africa’s primary trade and
investment insurer.

For more information please see the appendix and ATI’s website: www.ati-aca.org

The Role

The Chief Risk Officer is a new role for ATI created due ATI’s growth and a desire to ensure
that Agency continues grow its impact in a sustainable and thoughtful manner.

As such, the CRO is expected to be a business supportive and risk disciplined individual who provides oversight to the enterprise-wide risk management (ERM) strategy and framework that
effectively translates the risk appetite framework into informed decision-making practices that
support ATI’s unique business model and strategic plan.

As a new role, the CRO will be
expected to establish and grow the function from scratch, designing and executing the vision
and operating model for the Risk function in conjunction with key stakeholders across ATI.

Key Responsibilities

  • The main purpose of the CRO is to ensure that the Agency is in complete compliance with its
    own regulations and guidelines, as well as widely considered best-practice.
  • S/he will be responsible for the facilitation and monitoring of enterprise risk management (“ERM”) across all levels and functions of the Agency, and will lead on risk mitigation strategies, internal investigations, information security matters, and the development of risk analytics.
  • is a key leadership role for the Agency and will report to the Chief Executive Officer.

    Key Account-abilities:
  • Oversee and develop a comprehensive process for assessing, identifying, monitoring,
    effectively managing and reporting pertinent business risks that could interfere with the
    organization’s core purpose and ability to grow and develop its business.
  • Monitor and report on adherence to and consistency of strategic initiatives with Boardapproved risk appetite framework, risk tolerances and risk profile.
  • Develop and maintain a trustworthy, respectful working relationship with the Chief
    Executive Officer, Audit Committee of the Board of Directors, Board Risk Committee
    and the Board of Directors as a whole.
  • Implement and maintain a sound enterprise-wide integrated risk and regulatory
    management governance framework.
  • Oversee the risk management framework including credit, market, operational and
    ethics, as well as regulatory and compliance risk, measuring risk and providing
    quantitative analytical support to the lines of business in risk measurement, modeling
    and reporting.
  • Oversee and manage Anti-Money Laundering/counter terrorist financing control
    activity in all relevant business areas for the purposes of establishing a reasonable
    threshold level of control consistency in the Agency.
  • Identify known and emerging risks, measuring, monitoring and reporting on the entity’s
    risk profile to the Executive Management Team and the Board of Directors.
  • Propose and implement risk mitigants (both policies and tools) to address major
    structural inherent risks, as appropriate.
  • Manage the design and implementation of compliance activities in all relevant areas
    of ATI operations.
  • Facilitate the maintenance of risk corporate policies
    including credit and counterparty
    risk, market risk, operational risk, compliance, security, acceptable use, information
    security, physical security, business continuity planning, and limit breaches and
    escalation.
  • Lead the facilitation, implementation and monitoring of effective risk management
    practices and ensure operating policies and procedures are complied with throughout
    the organisation.
  • Advocate and support the culture of informed risk-taking, heighten awareness and use
    of advanced risk management practices through training programs and coaching.
  • Establish a high level of trust and credibility by building and maintaining relationships with business partners, key stakeholders and collaterals.

    Professional Qualifications and Experience
  • First degree plus a Master’s Degree in a relevant field which will be an added
    advantage, Finance/Insurance, Actuarial Science qualification, coupled with 10 years
    of experience in risk mitigation preferable in
  • Insurance/Reinsurance or banking
    environment.
  • A successful track record as a Risk leader with significant experience of operating at
    a senior level and delivering across an organisation preferably in an African context.
  • Experience of creating or managing a robust and efficient approach and operating
    model for managing risk across an organization.
  • Deep and broad knowledge in risk management relevant to the breadth of the ATI’s
    operation ideally built on a foundation of insurance risk and/or actuarial experience and
    including but not limited to underwriting, insurance, reinsurance, regulatory and ERM.
  • Whilst candidates from banking will be considered, there is a preference for insurance
    sector expertise.
  • Exposure to information security and other areas of operational risk
    would also be viewed as a plus.
  • Knowledge and appreciation of the role of Multilateral Financial Development
    Institutions will be also considered an added advantage as will membership of Risk
    Professional Body.
  • Deep knowledge of the regulatory environment, regimes and requirements relative to
    this Agency, the markets it operates in and the clients that it serves.

    Candidate Profile – Personal Qualities/attributes
  • Genuine business orientation with the stature and credibility to influence and command
    the respect of the Board, the Executive, functional and broader Agency colleagues. A
    commercially savvy individual able to offer a balanced and considered perspective.
  • Gravitas and excellent interpersonal skills, with the ability to communicate at all levels
    across the organisation. Equally, well developed listening skills, to be able to identify
    underlying issues.
  • Breadth of vision and insight, a forward thinker with a holistic mind-set but also able to
    focus on the relevant detail.
  • First class leadership skills, personal credibility and the ability to empower their team
    to perform at the highest standard.
  • The successful candidate will have the impact to lead and inspire others, directly under their management or across the wider
    organization.
  • Sound commercial judgement and problem-solving skills with the ability to simplify,
    analyse and explain complex issues.
  • Excellent analytical skills coupled with an ability to design and implement practical and
    proportionate solutions.

    How to Apply
  • Interested and qualified candidates should apply online by 13th June 2019
  • KORN FERRY CONTACTS
  • Amelia Stubbs
  • Global Head of Risk and Control
  • Ryder Court,14 Ryder Street
  • London, SW1Y 6QB, UK
  • +44 (0) 20 7024 9106
  • +44 (0) 7825 427 579
  • Amelia.Stubbs@KornFerry.com
  • Philippe Weber
  • Senior Client Partner, EMEA
  • 12-14, Rond-Point des Champs Elysées
  • 75008 Paris, France
  • +33 (0)1 78 40 73 99
  • +33 (0) 6 07 58 30 72
  • Philippe.Weber@KornFerry.com
  • Jessica Shutt-Vine
  • Executive Assistant
  • Ryder Court, 14 Ryder Street
  • London, SW1Y 6QB, UK
  • +44 (0) 207 024 9384
  • Jessica.Shutt-Vine@KornFerry.com
  • For more information and job application details, see; African Trade Insurance Agency Chief Executive Officer - Jobs in Kenya

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