OVERVIEW
Position
Risk Management & Insurance Lead
Job Code
Reports to
GRC ERM Manager
Direct Reports
N/A
Department / Sector / Region
Governance Risk Compliance - Oxagon
Division
GRC
Role Purpose
Responsible for identifying, assessing, managing, and mitigating risks across the organization while ensuring comprehensive insurance coverage.
KEY ACCOUNTABILITIES & ACTIVITIES
Planning, Strategy, Implementation
Risk Management
Work with the GRC Manager and the Departments to
- Conduct risk to identify potential risks that could impact the organization. Develop Risk profiles and prioritize risks based on their potential impact and likelihood
- Monitor the effectiveness of risk mitigation efforts and control measures. Independently reviews and challenges the effectiveness of controls
- Prepare risk reports for Management and Board
- Maintain documentation of risk management activities e.g. risk registers, Risk Indicators, Open Risks, Remediation plans
- Support Risk Owners in embedding Risk Management into core business processes and decision making
- Promote a risk-aware culture within the organization through training and awareness programs.
- Provide guidance and support to departments in developing their risk management practices.
Insurance
Works with the GRC Manager to
- Support the assessment of risks and contract deviations from the insurance perspective on major contracts
- Align Insurance placement to Oxagon’s strategic risks to identify gaps in coverage
- Advise on general Insurance matters
- Maintain Registry of Policies and Expiration
- Ensure compliance with all relevant insurance regulations and industry standards.
- Stay updated on changes in insurance laws and regulations that may impact the organization.
Relationship Management
- Collaborate with departments to build strong risk – aware organization
- Work with stakeholders to develop and implement risk management strategies
- Support audit and assurance programs from NEOM and other external parties when necessary
- Provide guidance and training to staff on Risk Management and Insurance related matters.
BACKGROUND, SKILLS & QUALIFICATIONS
Knowledge, Skills and Experience
Education and Experience
- Bachelor’s degree in risk management, Finance, Business Administration, or a related field.
- Professional certification in risk management (e.g., CRMA, FRM) or insurance (e.g., CPCU) will be an advantage.
- Minimum of 5 years of experience in enterprise risk management and insurance management, preferably in a similar industry.
Skills and Competencies
- Good understanding of risk management principles and practices.
Knowledge of various types of insurance policies and coverage.
- Good analytical and problem-solving skills.
- Good negotiation and communication skills.
- Ability to work collaboratively with cross-functional teams.
- Proficiency in risk management software and tools.
- Attention to detail and ability to manage multiple tasks and projects simultaneously
Qualifications
- Bachelor’s degree in risk management, Finance, Business Administration, or a related fi
