ERM & Insurance Lead

NEOM - Saudi - Neom
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 c ompliance 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 field.

COMMUNICATION - MAIN STAKEHOLDERS

Internal

External

  • Oxagon BU Heads
  • Oxagon Corporate Office - Finance, IT, Risk Management Compliance, Human Resource, Governance, Compliance
  • Neom Corporate Office - Finance, IT, Risk Management Compliance, Governance & Internal Audit
  • Consultants
  • Vendors and service providers
Post date: 04 Rabi al-awwal 1446 - 7 September 2024
Publisher: LinkedIn
Post date: 04 Rabi al-awwal 1446 - 7 September 2024
Publisher: LinkedIn