Tausi Assurance Company Ltd

Risk Officer

Ref: TAS/HR/AL/LT/01360/2026

The Risk Officer will be responsible for supporting the development, implementation, and monitoring of the Company’s Risk Management and Compliance Framework.

The role involves continuous risk assessment across all business functions, regulatory compliance monitoring, preparation of management and board risk reports, oversight of operational risks across underwriting, finance, claims, and ICT, and supporting business continuity planning to safeguard the company’s strategic objectives.

Essential Functions

1. Risk Management & Governance

• Assist in the formulation, review, update, and implementation of the Company’s Risk Management and Compliance Framework, including policies, SOPs, and authority matrices.
• Identify, assess, escalate, and recommend mitigation measures for risks affecting the company.
• Develop and monitor Key Risk Indicators (KRIs) for effective risk exposure monitoring and reporting.
• Monitor implementation of management action plans to ensure effective risk mitigation.
• Conduct continuous risk reviews on operations and the implementation of the company’s strategic plan.
• Prepare quarterly risk identification and assessment reports for submission to the Board Risk Management Committee (BRMC) and the Board of Directors.
• Keep abreast of regulatory, macroeconomic, and industry developments and advice

2. Compliance & Regulatory Oversight

• Monitor the organization’s compliance with applicable laws, regulations, and regulatory directives.
• Review regulatory communications and ensure all regulatory requirements affecting the company are adequately addressed.
• Ensure timely filing of statutory, regulatory, and annual returns, including submissions to the Insurance Regulatory Authority (IRA).
• Conduct organization-wide compliance reviews to ensure adherence to legal and regulatory requirements.

3. Business Continuity & Reporting

• Participate in the creation, testing, and review of the Company’s Business Continuity Plans (BCP).
• Coordinate annual BCP testing and prepare reports on test outcomes and recommendations.
• Compile and submit board papers, board notes, and BRMC documentation.
• Prepare and submit daily intelligence reports to the Executive Committee and relevant departments.

4. Risk Oversight – Underwriting

• Monitor daily underwriting production to ensure policies are processed within set timelines.
• Review un-renewed policies, identify causes of non-renewal, and follow up with underwriting teams.
• Track lost business trends and prepare monthly analytical reports.
• Monitor new business onboarding to ensure timely processing and compliance.
• Review incomplete policies and collaborate with underwriting teams to resolve delays.
• Review cover notes to ensure corresponding policies are debited before expiry.
• Monitor survey requirements for fire and burglary policies and ensure timely completion.
• Review motor policies to confirm supporting documentation and compliance with approval requirements.
• Monitor refunds to ensure processing within the stipulated turnaround time and report exceptions.

5. Risk Oversight – Finance

• Review daily finance tasks in line with the finance checklist, including bank reconciliations, cash position reports, premium production reports, and register updates.
• Review monthly finance tasks to ensure timely statutory filings, tax payments, client statements, and financial reporting.
• Ensure weekly taxes are filed and paid to KRA.
• Ensure all company assets are properly tagged and reconciled with the asset register.

6. Risk Oversight – Claims

• Review the Claims Intimation Register to ensure accurate and timely logging of claims.
• Review post-loss survey reports to confirm adequacy, accuracy, and compliance with policy terms.
• Monitor claims settlement turnaround times to ensure compliance with internal standards and regulatory requirements.

7. Risk Oversight – ICT

• Monitor system downtime incidents, assess root causes, and evaluate operational impact.
• Review trends in data errors and system bugs to assess ICT risk exposure and data integrity

Skills and Competences

• Bachelor’s degree in Commerce (B.Com), Actuarial Science, Statistics, or any other finance-related discipline.
• At least 2 years’ experience preferably audit/risk/compliance related functions.
• Professional qualifications such as IRM, CRISC, FRM, CPAK will be an added advantage
• Strong computer skills

Personal Attributes

• Good communication (written and verbal) skills, including well developed presentation skills.
• Strong analytical skills
• Report and minutes writing skills
• People management
• IT skills

• Assist in the formulation, review, update, and implementation of the Company’s Risk Management and Compliance Framework, including policies, SOPs, and authority matrices.
• Identify, assess, escalate, and recommend mitigation measures for risks affecting the company.
• Develop and monitor Key Risk Indicators (KRIs) for effective risk exposure monitoring and reporting.
• Monitor implementation of management action plans to ensure effective risk mitigation.
• Conduct continuous risk reviews on operations and the implementation of the company’s strategic plan.
• Prepare quarterly risk identification and assessment reports for submission to the Board Risk Management Committee (BRMC) and the Board of Directors.
• Keep abreast of regulatory, macroeconomic, and industry developments and advice
• Monitor the organization’s compliance with applicable laws, regulations, and regulatory directives.
• Review regulatory communications and ensure all regulatory requirements affecting the company are adequately addressed.
• Ensure timely filing of statutory, regulatory, and annual returns, including submissions to the Insurance Regulatory Authority (IRA).
• Conduct organization-wide compliance reviews to ensure adherence to legal and regulatory requirements.
• Participate in the creation, testing, and review of the Company’s Business Continuity Plans (BCP).
• Coordinate annual BCP testing and prepare reports on test outcomes and recommendations.
• Compile and submit board papers, board notes, and BRMC documentation.
• Prepare and submit daily intelligence reports to the Executive Committee and relevant departments.
• Monitor daily underwriting production to ensure policies are processed within set timelines.
• Review un-renewed policies, identify causes of non-renewal, and follow up with underwriting teams.
• Track lost business trends and prepare monthly analytical reports.
• Monitor new business onboarding to ensure timely processing and compliance.
• Review incomplete policies and collaborate with underwriting teams to resolve delays.
• Review cover notes to ensure corresponding policies are debited before expiry.
• Monitor survey requirements for fire and burglary policies and ensure timely completion.
• Review motor policies to confirm supporting documentation and compliance with approval requirements.
• Monitor refunds to ensure processing within the stipulated turnaround time and report exceptions.
• Review daily finance tasks in line with the finance checklist, including bank reconciliations, cash position reports, premium production reports, and register updates.
• Review monthly finance tasks to ensure timely statutory filings, tax payments, client statements, and financial reporting.
• Ensure weekly taxes are filed and paid to KRA.
• Ensure all company assets are properly tagged and reconciled with the asset register.
• Review the Claims Intimation Register to ensure accurate and timely logging of claims.
• Review post-loss survey reports to confirm adequacy, accuracy, and compliance with policy terms.
• Monitor claims settlement turnaround times to ensure compliance with internal standards and regulatory requirements.
• Monitor system downtime incidents, assess root causes, and evaluate operational impact.
• Review trends in data errors and system bugs to assess ICT risk exposure and data integrity

• Strong computer skills
• Good communication (written and verbal) skills, including well developed presentation skills.
• Strong analytical skills
• Report and minutes writing skills
• People management
• IT skills

• Bachelor’s degree in Commerce (B.Com), Actuarial Science, Statistics, or any other finance-related discipline.
• At least 2 years’ experience preferably audit/risk/compliance related functions.
• Professional qualifications such as IRM, CRISC, FRM, CPAK will be an added advantage