It Risk Specialist

OUTsurance has been propelling the South African insurance industry forward for the last 27 years.

As leaders in the field, we're always looking for innovative ways to create digitally-advanced solutions, without losing sight of our human values.

Our continued success can be attributed to outstanding employees who set the bar high with their energy and expertise.

If you're keen to grow your career in a vibrant environment with lots of 'fun', this could be the career opportunity you've been looking for.

What do you get OUT? OUTsurance has been voted Top Employer South Africa since.

Our people vision is to be a great company to work for where you always get something OUT. We offer our employees:

1. A winning, fun and inclusive company culture that embraces diversity.
2. Great Rewards and Recognition programs.
3. Benefits (Medical Aid, Pension fund, Group life and Disability benefits).
4. Growth opportunities (we hire talent, train skill and promote values driven leaders from within).
5. Wi-Fi on campus and Emergency Panic-Assist through the OUTsurance app.
6. Employee wellness programs: Free Counselling, Legal Advice and Financial Coaching for you and your members of household.
7. A chance to give back (Staff Helping SA OUT-volunteer program) and much more.

Job Description

Any business is exposed to a variety of risks. An IT Risk Specialist is a key role in the Risk Management Department to enable management and risk owners to identify and mitigate those risks.

The purpose of the role is to be part of a team that facilitates a comprehensive process for identifying, assessing, mitigating, monitoring and reporting on risks that the Group faces or may face in line with the Group Risk Management Strategy. The IT Risk Specialist reports to an IT Risk Manager, working closely with a team of Risk Managers and other Risk Specialists.

Amongst the other requirements noted here, the successful candidate will require a good understanding of the business activities of our Group and will be able to demonstrate a passion for and a keen interest in IT risk management.

Qualifications

1. Information Technology or Risk Management degree / qualification or currently studying towards a Risk Management qualification;
2. 2 years or more of Risk experience within an IT environment.
3. A strong technical background and knowledge of IT governance, services, processes, and assurance.
4. Proficient in MS Office Suite.

Key outputs will include the following:

1. Facilitate workshops with department managers and heads (risk owners) to identify, categorize, assess and rate IT-related risks;
2. Plan workshops for the year and schedule activities;
3. Capture the risks as mentioned above on the risk management system and maintain the register of risks through regular updates and workshops;
4. Analyze different reports to identify risks and controls within each department;
5. Report to the IT Risk Manager on the IT Risk Registers;
6. Monitor effectiveness of controls and Key Risk Indicators in relation to approved risk appetite;
7. Monitor, assess, quantify and report on risk events;
8. Identification, calculation and reporting of IT-related operational losses;
9. Assist with weekly Information Security monitoring;
10. Develop and maintain knowledge and insights of the business and external environments;
11. Assist the IT Risk Manager with additional support activities beyond the OUTsurance SA operations Combined Assurance;
12. Attend various relevant company forums and meetings and actively participate in the activities;
13. Interact with various stakeholders, including management, Internal Auditors, Compliance and Quality Assurance teams;
14. Build relationships with internal and external stakeholders;
15. Maintain a high level of understanding of possible risks and procedures in each department;
16. Compile monthly and quarterly detailed reports of risk profiles, operational incidents and losses;
17. Provide input to reports to relevant committees, including but not limited to the Internal Risk Committee, Board reports and Board Risk and Compliance Committee.

Special Reporting and Other projects

Participate as an individual or as part of a project team on special projects such as: Integrated reporting; Own Risk and Solvency Assessment (ORSA).

Key Skills Required:

1. Good interpersonal relationships;
2. Ability to operate and think independently;
3. Problem-solving;
4. Decision making;
5. Ability to meet deadlines and set priorities;
6. Organizing and planning;
7. Ability to work under pressure;
8. Ability to learn quickly;
9. A good sense of judgement;
10. Strong written and verbal communication skills;
11. Self-disciplined and self-motivated;
12. An analytical thinker;
13. Takes ownership and responsibility;
14. Must maintain strict confidentiality and integrity.

Additional Information

An ideal candidate will be able to align their personal work values to the OUTsurance values of Awesome Service, Dynamic, Honest, Human, Passionate and Recognition. In accordance with OUTsurance Insurance Company Ltd Employment Equity goals, preference will be given to individuals who meet the job requirements and are from the various designated groups.