Risk Specialist (Actuary)

We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:To see what life at Capitec is all about and complete a short assessment, please click here!Once you have completed the above finalize your application by clicking apply below.The purpose of the Risk Specialist role is to develop and coordinate risk management programs and frameworks. This involves providing subject matter expertise to ensure effective risk management outcomes. The role focuses on identifying, analyzing, and measuring risks, and making precise risk mitigation recommendations to safeguard the organization against potential losses.What you will bringMinimum 3-5 years' experience in risk management for an insurerAbility to apply risk expertise in commercial environmentExposure to Corporate Governance FrameworksYou should haveKnowledge about the Prudential Standards – Governance and Operational Standards for Insurers (GOIs) and Financial Soundness Standards for Insurers (FSIs)Aware of the requirements in insurance related regulations e.g. Insurance Act, Long Term Insurance Act (LTIA), Short Term Insurance Act (STIA), Policyholder Protection Rules (PPRs) and other relevant regulationsIdeally you should have5+ years' experience in risk management for an insurerContributing to ORSA exercisesRegulatory interactions, including the Prudential Authority and Financial Sector Conduct AuthorityKnowledge of RDARR requirementsIn-depth knowledge of the Prudential Standards (GOIs and FSIs) and various insurance related regulationsRisk metrics and approaches used in the risk management of insurance companiesIn-depth knowledge of the South African Insurance IndustryKnowledge about IFRS 17 will be desirableQualifications (Minimum)A relevant qualification in Risk and Compliance or Actuarial ScienceConditions of EmploymentClear criminal and credit recordCapitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Capitec Bank Limited Reg. No: 1980/003695/06
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