Job Description
Assistant – Risk Management
Co-op Life Insurance Limited is a growing life insurance company committed to providing reliable and customer-focused insurance solutions while maintaining strong standards of professionalism, integrity, risk management, and regulatory compliance.
We are looking for a dedicated and analytical individual to join our Risk Management Department as an Assistant - Risk Management. This position provides an excellent opportunity to develop your career in enterprise risk management, insurance risk, operational risk, regulatory compliance, and corporate governance within the life insurance industry.
Job Responsibilities
- Assist in identifying, assessing, monitoring, and reporting key risks of the Company
- Support the implementation and monitoring of the Company's Enterprise Risk Management (ERM) framework
- Assist in maintaining and updating the Risk Register and monitoring identified risk exposures
- Assist in preparing periodic risk management reports and dashboards for management and relevant committees
- Monitor key risk indicators (KRIs) and escalate significant risk matters to the relevant parties.
- Assist departments in identifying operational and other emerging risks and developing appropriate risk mitigation measures
- Support the assessment and monitoring of operational, financial, insurance, compliance, strategic, and other key business risks
- Assist in conducting risk assessments for new products, processes, systems, and significant business initiatives
- Support business continuity and disaster recovery-related risk management activities
- Assist in coordinating risk-related information and documentation with internal departments
- Support internal and external audits and regulatory reviews relating to risk management
- Keep updated on relevant regulatory requirements, industry developments, and best practices in risk management
- Perform any other risk management-related duties assigned by management
Qualifications & Requirements
- Bachelor's Degree in Risk Management, Finance, Business Management, Accounting, Economics, Insurance, or a related field
- Professional qualifications such as CIMA, ACCA, CA, CFA, FRM, or qualifications in Risk Management/Insurance will be an added advantage
- 1-2 years of relevant experience in risk management, insurance, banking, finance, audit, compliance, or a related field will be an advantage
- Fresh graduates with a strong interest in developing a career in Risk Management may also be considered
- Strong analytical, problem-solving, and report-writing skills
- Good understanding of risk management concepts and internal controls
- Excellent communication and interpersonal skills
- Good command of English, both written and spoken
- Proficiency in MS Office, particularly Excel and PowerPoint
- Ability to work independently and collaborate effectively with different departments
- High level of integrity, confidentiality, attention to detail, and accountability
Interested candidates are invited to forward their CVs with contact details to [email protected] or by registered post within 14 days of the publication of this advertisement.
COOP LIFE INSURANCE LIMITED
No. 455, Galle Road, Colombo 03.
