Risk Head

Job Description

The Risk Head is responsible for establishing, leading and embedding an effective, forward looking enterprise risk management framework that protects the life insurance company’s financial strength, policyholder interests, regulatory requirements and long term sustainability

• Strategic Risk Leadership (Life Insurance Focus)

• As a member of the FNB Life Botswana Executive Committee, the CRO acts as a strategic advisor and independent challenge function, enabling disciplined risk‑taking and strong governance in a regulated life insurance environment.
• Develop and implement an enterprise risk management (ERM) framework tailored to a life insurance business.
• Defines the company’s risk appetite and tolerance levels  and ensures adherence
• Ensure alignment between product design, pricing, capital usage and risk appetite.
• Define and monitor the risk profile across mortality, morbidity, lapse, expense, reinsurance, and concentration risks.
• Provide risk input into new products, bancassurance initiatives, partnerships, and distribution arrangements.
• Develops risk frameworks, policies, procedures and standards
• Ensure the proactive identification of emerging risks, including customer affordability, climate risk, data risk and model risk.
• Deliver clear, actionable risk insights to the FNB Life Board, ExCo and Group Risk forums.

• Insurance, Actuarial & Capital Risk Oversight

• Oversee insurance‑specific risks in close collaboration with Actuarial, Finance and Product teams.
• Ensure the effective execution of:
  • Solvency and capital adequacy assessments
  • Stress and scenario testing
  • ORSA‑type processes (where applicable)
• Support reinsurance strategy and counterparty risk assessments.
• Reviews product design, pricing assumptions, reinsurance structures and reserving adequacy in collaboration with Acturial and Finance teams
• Monitor experience variances and trends impacting profitability and capital.

 

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

31/03/26