Expires 4 weeks from now
Investment Risk Officer
Regulatory compliance and risk management
full-time
| Assistant Executive
Lagos,
Lagos
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Job Summary
The Investment Risk Officer will assess, manage and monitor investment risks and collaborate with the finance team to ensure compliance with regulatory and internal policies on Investments.
Job Details
- Analyse risks associated with proposed investments and financial instruments and advise accordingly.
- Conduct counterparty credit risk assessment of financial institutions using company-approved rating models to determine their credit worthiness and ratings.
- Regularly monitor and report internal and regulatory thresholds across portfolios, escalating any breach or non compliance and follow up on closure of identified gaps.
- Carry out regular market research to identify current and emerging risks as well as recommend controls.
- Help in the preparation of regulatory reports such as own solvency risk assessment, quarterly stress test reports, and review of and internal policies like investment risk management policy, ALM Charter, etc.
- Presents and actively participate in Asset-Liability Management sessions.
- Other assignments assigned by team lead and Head ERM.
Requirements
- B.Sc. in Economics, Statistics, Actuarial Science or any related field.
- 1 - 2 years of experience.
Benefits
Thrive Professionally and Personally at AIICO Insurance Plc.
At AIICO Insurance Plc., we believe in fostering an environment where individuals excel, both personally and professionally. We offer a comprehensive employee value proposition designed to empower you, support your well-being, and fuel your career aspirations.
We offer:
Stress-Free Work-Life: Hybrid work schedules, competitive leave, and reliable transportation.
Holistic Wellbeing: Health & and wellness programs, and subsidized gym memberships.
Grow with Us: Sponsorship for professional certifications, coaching, learning and development opportunities, and more.
At AIICO, we recognize that our employees are our greatest asset. We are committed to fostering a supportive culture where you feel valued, respected, and empowered to achieve your full potential.
Join us and embark on a rewarding career journey that makes a difference.
About Company
AIICO Insurance Plc
AIICO Insurance Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management. Background AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested. 1. Life and general insurance are strategic business divisions within AIICO. 2. AIICO Capital Limited – a subsidiary of AIICO providing asset management services for AIICO and 3rd parties. 3. AIICO Multishield Limited – a leading health maintenance organisation. Following the insurance industry's consolidation in 2007, the Company acquired NFI Insurance PLC and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO's pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.