Thursday, 19 July 2018

Risk and Actuarial Graduate at Sasria 2018

The actuarial and risk intern will have responsibilities that spans both the risk department as well as the
actuarial department.


For the risk department, the intern will assist the risk manager with day to day risk
management (including the identifying, monitoring and reporting of risk). 

This will dovetail with quantification of risk through assisting the actuarial department with risk and capital modelling (including
economic and regulatory capital modelling as well as market and credit risk analyses).

Upon completion of the programme the graduate would have acquired the following skills:

1. Risk Function Operations

Assist with: 
  • The writing, reviewing and implementation of risk management policies; 
  • Ensuring an effective and efficient Risk Management department. 
  • Providing support on the annual Risk and Control Self-Assessment, Strategic Risks, Key
  • Risk Indicator and Risk Appetite workshops. 
  • The monitoring of the Key Risk Indicator Assessments performed by management monthly
  • and validation of the assessments with appropriate and sufficient evidence; 
  • Maintaining the loss data collection system, investigation of losses (root cause analysis) and reporting such losses. 
  • Maintaining the fruitless and wasteful expenditure (F&W) register, investigations of F&W and reporting on F&W. 
  • The development and assessment of mitigation strategies and monitoring tools. 
  • The embedding of risk culture and creating aware culture within the organization with
  • respect to risk and decision making. 
  • Proactive system improvements on Risk Management System. 
  • Monthly risk champion meetings (attending meetings, keeping minutes, preparing for
  • meetings and taking part in the meetings) 
  • Monitoring of company strategic objectives. 
  • Monitoring of open actions and ensuring these are adequately addressed and completed in time. 
  • Providing the annual combined assurance plan to business and monitoring the plan. 
  • Preparation of monthly, quarterly and annual reports. 
  • Quarterly preparation of departmental performance information. 
  • Sasria insurance policies (renewal, preparation of claim forms, endorsements etc); 
  • Research on risk management and insurance related activities and new innovations. 
  • Identification of emerging risks. 
  • Performing any other reasonable tasks in line with the role, as and when required by the Line Manager.
2. Actuarial Function Operations: Capital Modelling and Risk Reporting


  • Perform calculation and reporting of risk metrics for use in management reporting 
  • Perform monthly market and credit risk valuations 
  • Perform quarterly regulatory capital requirement calculations 
  • Perform quarterly economic capital requirement calculations 
  • Assist with ORSA process (sensitivity analysis, scenario modelling, reverse stress testing, capital modelling, financial projections, etc.


3. BEHAVIOURAL COMPETENCIES/Attributes:

  • Excellent self-motivation skills 
  • Keen attention to detail 
  • Analytical and creative problem solving skills 
  • Excellent organisational skills 
  • Ability to work accurately under pressure 
  • Interpersonal communication and presentation skills 
  • Sound written and verbal communication skills 
  • Ability to work autonomously, however collaborate with team where necessary
4. QUALIFICATIONS and EXPERIENCE:

Minimum: 

  • Actuarial degree or similar and a minimum of 3 actuarial exemptions
  • Knowledge 
  • Expertise on trend analysis and forecasting 
  • Modelling in relation to scenario analysis and stress testing 
  • Knowledge and understanding of the Enterprise Risk Management principles and philosophy
Skills and Competencies

  • Technical Skills 
  • Computer literacy 
  • Business arithmetic including percentages and decimals. 
  • Business data processing principles as applied to financial record keeping. 
  • Project Management
  • Behavioral skills 
  • Good problem solving and negotiating skills 
  • Good written and verbal communication skills 
  • Basic research and investigations skills. 
  • Good presentation skills.

Attributes/values
  • Excellent self-motivation skills 
  • Keen attention to detail 
  • Analytical and creative problem solving skills 
  • Excellent organisational skills 
  • Ability to work accurately under pressure
  • Interpersonal communication and presentation skills 
  • Sound written and verbal communication skills 
  • Ability to work autonomously, however collaborate with team where necessary

Demographics
A South African citizen of any gender, preference will be given to an EE candidate

Location : Johannesburg

CLOSING DATE: 20 July 2018

CONTACT PERSON: careers@sasria.co.za

Sasria is committed to diversifying its staff profile in terms of its transformation agenda and encourages candidates from
previously disadvantaged backgrounds to apply. Sasria will respond to short listed candidates. 

Candidates who have not been contacted within 4 weeks of the closing date can assume that their application has been unsuccessful.

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