Risk Analyst at ZEP-RE Insurance

Responsibilities & Accountabilities:

• Conduct comprehensive risk assessments to identify and evaluate financial, operational, strategic, and compliance-related risks across the business.
• Analyse key risk indicators (KRIs), financial performance data, and market intelligence to proactively identify emerging risks and opportunities.
• Support the development, implementation, and continuous improvement of the organization’s risk management framework, strategies, and policies.
• Maintain and update the enterprise risk register, ensuring timely documentation and tracking risk mitigation plans.
• Collaborate with departments including underwriting, finance, claims, legal, and operations to assess and address cross-functional risks.
• Prepare and present risk reports and dashboards for executive management, board committees, and regulators.
• Monitor adherence to internal risk management policies and external regulatory requirements (e.g., insurance regulators, IFRS 17, ORSA, etc.).
• Support the integration and maintenance of risk management tools, including incident reporting and control testing systems.
• Facilitate risk awareness training and workshops to build a strong risk culture within the organization.
• Evaluate the effectiveness of implemented risk mitigation controls and propose improvements where necessary.
• Stay current on reinsurance industry trends, risk-related regulations, and emerging risks (e.g., ESG, cyber risks, geopolitical).

Requirements

Minimum requirements to work as Risk Analyst

• Bachelor’s degree in Risk Management, Actuarial Science, Finance, Economics, Insurance, or a related field.
• Progression in professional certification in risk, finance, or insurance is desirable.
• Minimum of 2–4 years of relevant experience in risk management, preferably in a reinsurance or financial services environment.
• Demonstrated experience working with enterprise risk frameworks, regulatory compliance, and risk analytics tools.
• Familiarity with regional and international regulatory environments affecting reinsurance (e.g., Insurance Regulatory Authorities, Solvency frameworks).