Regional Head, Enterprise Risk Management

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Assisting the Prudential Africa CRCO in the development and embedding of a
proportionate and suitable risk management framework across all Prudential
Africa businesses through which (1) key risk processes (risk identification,
measurement, management, reporting and oversight) are established and
(2) compliance with the requirements of the Group Risk Framework and
related policies and standards is achieved.
The scope of the role covers both financial risk (market, credit, liquidity and
insurance) and non-financial risks (operational, model, reputational, third
party, product etc.) as well as risk oversight over ESG related processes and
deliverables.

With support from local risk functions, establish necessary financial
and non-financial risk processes across the region, in line with the
Group Risk Framework and associated policies and standards, for
risk identification (bottom-up and top-down), risk assessment (risk
quantification, stress and scenario testing etc.), risk management
(development of risk mitigating strategies and controls, risk appetite
and limits etc.) and risk oversight (ongoing monitoring, risk reporting,
risk governance mechanisms etc.).
• Actively engage with local risk functions to support in risk identification,
management of ongoing risk issues or incidents, and establishment
of local processes to enable effective risk management.
• Play an active role in the development of a risk coordinator / risk
champion framework across the region.
• Define, lead and participate in risk deep dives across the region, which
have been informed by detailed risk identification and quantification
processes.
• Develop an annual forward-looking risk plan to support the ongoing
development and maturity of local risk functions, and to enhance risk
processes on a prioritised basis. Regularly assess the maturity and
effectiveness of local risk functions and develop recommendations
to strengthen local teams.
• Provide advice to the Prudential Africa CRCO on the strategic direction
of the risk function, including input on the adequacy and effectiveness
of local resources and risk plans / initiatives.
• Perform periodic assurance reviews of the implementation of local risk
programmes with the aim to identify and remediate any process or
control weaknesses / failures. Work with local businesses to implement
any control enhancements identified during reviews.
• Review the annual risk assessments and quarterly reports submitted
by local risk functions and support in the further enhancement of
these processes.
• As necessary, provide risk training to local risk teams and first-line
management to strengthen and improve risk awareness, knowledge
and capabilities.
• Act as primary point of contact for Prudential Africa RCS in its engagement with Group RCS (functional risk leads).
• Provide oversight over technology risk and support in the embedding
of an appropriate technology risk framework.
• Engage in all other risk initiatives as may be required from time to time.
• Support the Prudential Africa CRCO in assessing and enhancing risk
culture and awareness across the region.
• Maintain an up to date view of the risk landscape across the region
to support the Prudential Africa CRCO in reporting to the Prudential
Africa EXCO, the Prudential Africa Risk & Compliance Committee
(PARCC) and Group RCS.
• Support the Prudential Africa CRCO in the running of the PARCC,
including development of committee materials and risk papers,
communication with committee members and general management
of the committee

 

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