124 Senior Insurance Risk Manager jobs in Kenya

• Analyze insurance applications, financial data, and risk exposures to determine eligibility and pricing.
• Underwrite new business and renewals, ensuring adherence to company guidelines and profitability targets.
• Develop and maintain strong relationships with brokers, agents, and clients.
• Assess and manage the insurance portfolio for profitability and exposure.
• Stay abreast of industry trends, regulatory changes, and competitor activities.
• Provide guidance and mentorship to junior underwriters.
• Collaborate with claims and actuarial departments on risk assessment and pricing strategies.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• 5+ years of experience in insurance underwriting, with a strong focus on risk assessment.
• Professional certifications such as ACII, FLMI, or equivalent are highly desirable.
• Proven ability to analyze complex financial data and make sound underwriting decisions.
• Excellent negotiation, communication, and interpersonal skills.
• Proficiency in underwriting software and MS Office Suite.
• Demonstrated ability to work effectively and independently in a remote setting.

• Conducting comprehensive risk assessments to identify and evaluate potential financial, operational, credit, market, and compliance risks.
• Developing and implementing robust risk management policies, procedures, and controls.
• Analyzing large datasets to identify risk trends, patterns, and potential vulnerabilities.
• Monitoring key risk indicators (KRIs) and developing reports and dashboards for senior management.
• Assisting in the development and execution of stress testing and scenario analysis.
• Evaluating the effectiveness of existing risk mitigation strategies and recommending improvements.
• Collaborating with business units to ensure risk management practices are integrated into daily operations.
• Staying abreast of regulatory changes and industry best practices in risk management.
• Providing guidance and training to other departments on risk-related matters.
• Preparing comprehensive risk reports and presentations for internal stakeholders and regulatory bodies.
• Investigating and analyzing risk events, developing root cause analyses, and implementing corrective actions.
• Maintaining risk registers and ensuring accurate documentation of all risk management activities.

• Develop, implement, and maintain the enterprise-wide risk management framework.
• Identify, analyze, and monitor financial risks, including market risk, credit risk, liquidity risk, and operational risk.
• Design and oversee stress testing and scenario analysis exercises.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Develop and manage risk mitigation strategies and action plans.
• Provide expert advice and guidance on risk-related matters to senior management and business units.
• Lead and mentor a team of risk professionals, fostering their development and performance in a remote setting.
• Prepare regular risk reports for executive leadership and board committees.
• Stay informed about emerging risks and best practices in financial risk management.
• Promote a culture of risk awareness and ethical conduct throughout the organization.

• Master's degree in Finance, Economics, Business Administration, or a related quantitative field. Professional certifications such as FRM or CFA are highly desirable.
• Minimum of 7-10 years of progressive experience in financial risk management, with a proven track record in a leadership role.
• Comprehensive knowledge of risk management principles, methodologies, and tools.
• In-depth understanding of financial markets, banking operations, and regulatory frameworks (e.g., Basel Accords).
• Strong analytical and problem-solving skills with the ability to interpret complex financial data.
• Excellent leadership, communication, and interpersonal skills, crucial for managing a remote team and interacting with diverse stakeholders.
• Proficiency in risk management software and data analysis tools.
• Ability to work independently, manage multiple priorities, and deliver high-quality results in a remote environment.

• Develop and implement comprehensive financial risk management strategies and policies.
• Identify, assess, and monitor market, credit, operational, and liquidity risks.
• Oversee the development and validation of risk models and methodologies.
• Conduct stress testing, scenario analysis, and capital adequacy assessments.
• Ensure compliance with financial regulations and reporting requirements.
• Prepare and present risk reports to senior management and regulatory authorities.
• Lead and mentor a team of financial risk professionals.
• Advise on risk mitigation strategies and capital allocation.
• Collaborate with business units to embed risk management best practices.
• Stay updated on industry trends and best practices in financial risk management.

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field. Professional certifications such as FRM or PRM are highly desirable.
• Minimum of 7 years of progressive experience in financial risk management, with significant experience in a leadership capacity.
• Proven expertise in managing various types of financial risk within a banking or financial services environment.
• Strong understanding of regulatory frameworks (e.g., Basel III, IFRS 9).
• Proficiency in financial modeling, data analysis, and risk management software.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional leadership, communication, and interpersonal skills.
• Demonstrated ability to work independently and manage a remote team effectively.

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. Our purpose is to inspire confidence and empower change. We have a notable Africa Footprint serving clients across the continent. Our East Africa practice comprises Kenya, Uganda, Tanzania, and Rwanda.

The Nairobi office serves as the regional coordinating office providing the required networking to facilitate delivery of services on a timely basis to meet and exceed our clients' expectations.

Key roles and responsibilities

Manage Engagements.

• Supporting with the organization and execution of multiple financial risk management engagements (including projects relating to regulatory, credit risk management / modelling, market risk / valuations, etc.).
• Supporting with other strategic engagements to assist clients with enhancing their financial risk management capabilities.
• Developing a client account plan and engaging with a vast client-base within the financial services industry, including banks, development finance institutions, micro-lenders and retailers.

Business Development.

• Develop and maintain relationships with decision makers at key clients
• Contribute to proposal development efforts
• Manage engagement risk and project budget
• Report to Africa USAID account lead partner on key performance metrics – Pipeline & assignments

Team Development.

• Support the development of strong delivery teams, from recruitment, mentoring, on the job development and retention
• Day-to-day management of staff to deliver on assignments and project, as well as perform administrate task over the team management (such as planning, operational matters and budgeting)
• Mentor /coach senior staff with career growth.

Personal Development.

• Involvement in community and office initiatives
• Contribute to thought leadership via at least three activities e.g. articles and speaking at events
• National / local training instructor
• Ensure continuous learning through compliance to 40 Continuous Professional Development (CPA) hours

Risk Management

Ensure 100% compliance to Quality and Risk Management Policies, Standards and Procedures.

Any other tasks that will be assigned to you.

Lead- Financial Risk Management

Academic/Professional qualifications and Experience:

• Must have a Master's degree in accounting, business, actuarial science, or related relevant degree course
• Must have a minimum 10 years of experience in a quantitative credit risk-based role.
• FRM (GARP) is an added advantage
• Coding experience is an added advantage.

Technical competencies & Personal attributes:

• Relevant experience within a quantitative credit risk-based role would be desired.
• Well versed in contemporary mathematical / statistical techniques and practices in financial risk management areas (e.g. credit risk modelling, etc.).
• Strong analytical & problem-solving skills, with the ability to proactively engage and consult with others across all levels.
• Must demonstrate strategic insights on client management and engagements.
• Experience of leading teams, coaching and mentoring staff.
• Able to work effectively in a fast-paced environment with conflicting priorities and deadlines.
• Drive market opportunities and engage with clients.
• Strong business writing, report writing, presentation and research skills.
• A high aptitude for learning new approaches and innovation.
• Proven experience in formulating business strategy and growth.
• Diligent and committed to excellence.
• Excellent coordination and planning skills.
• Resilience and Tenacity: must be able to always sustain motivation and commitment and can contain and absorb stressful moments and issues.
• Willingness to travel within and outside the region on a need basis.

We offer:

1. An exciting opportunity to work with a Big 4 firm on cutting edge clients across Africa.
2. Continuous learning and development.
3. Exposure to multi-disciplinary client service teams.
4. Unrivalled space to grow and be innovative.
5. Opportunity for international travel.

If your career aspirations match this exciting opportunity,

please use the link below to apply:

If your career aspirations match this exciting opportunity, please use the link below to apply: Financial Risk Management Lead – Candidate's Summary. Filling the link is mandatory for consideration alongside your application to quoting '
Financial Risk Management Lead'.
This position shall be shortlisted on a rolling basis.

Please note that only shortlisted candidates will be contacted.

• Developing, implementing, and overseeing the institution's overall financial risk management strategy and framework.
• Leading the identification, measurement, monitoring, and reporting of all significant financial risks across the organization.
• Establishing risk appetite statements and ensuring adherence to defined risk limits.
• Developing and maintaining sophisticated risk models and analytics to assess potential impacts of various market conditions.
• Ensuring compliance with all applicable financial regulations, reporting requirements, and industry best practices.
• Collaborating with business units to embed risk management principles into daily operations and strategic planning.
• Managing and mentoring a team of risk management professionals, fostering a culture of risk awareness and accountability.
• Presenting risk reports and recommendations to the Board of Directors, senior management, and regulatory bodies.
• Overseeing stress testing and scenario analysis initiatives to assess the institution's resilience.
• Staying abreast of global financial market trends, emerging risks, and regulatory changes.