• 2.7.1 Risk management


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    Description of role

    Responsible for risk identification, assessment, mitigation and management within an insurance firm.

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    Core skills

    • Knowledge of role of risk management in the insurance sector
    • Knowledge of the elements of an effective risk management framework in the insurance sector
    • Ability to manage strategic risks
    • Ability to manage core insurance risks
    • Ability to manage financial risk
    • Ability to manage operational risk
    • Knowledge of capital management in the insurance sector
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of Insurance industry

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    Regulatory compliance of role

    • Knowledge of insurance regulatory framework