Manager Risk Management


Manager Risk Management

Closing date: 27-Jan-2021




§  To organise the work on development, implementation, and update of the risk management methodological base, policies, rules, and risk monitoring procedures.

§  To control the provision of methodological and advisory support to employees of the Airline on risk management and internal controls.

§  To organize and control the process of identification and assessment of the Airline's risk in accordance with established and approved risk management policy, practices and procedures.

§  To develop Risk Appetite to Airline’s strategic objectives.

§  To organize the maintenance of risk register and risk maps and other reports on risk management in accordance with established deadlines.

§  To organize the work on preparation of consolidated reports on the risks, and submit them to the Risk Committee, Audit Committee, the Board of Directors and the shareholders of Airline.

§  To monitor the proper implementation of the internal controls in the business units.

§  To study of business processes and internal regulatory documents of departments.

§  To organise and control the development and update of matrix risks and controls of departments.

§  To provide support to business-process owners and employees responsible for control measures in terms of risk and control procedures.

§  To organize the work on monitoring of commodity market and provision of reports (including an analysis of the commodity market, projections and quotations on derivative instruments used for hedging purposes) to Fuel Hedging Committee.

§  To organise the conclusion of framework agreements with international banks for hedging transactions.

§  To arrange and control the work on purchase of derivative instruments and execute documentation of transactions.

§  To check the evaluation of fair value of derivative instruments used for fuel hedging of the Airline for provision to the external auditors and assessment of the effectiveness of fuel hedging.

§  To organise the timely conclusion of insurance agreements for Airline’s risks.

§  To review and provide comments on the conditions of insurance in the contracts concluded with the suppliers in the execution of operations of Airline.

§  To organize and control over of insurance cases till their complete settlement by insurance companies and resolve of disputable issues.

§  To control the settlements and workflow with the insurance companies and insurance brokers.

§  To control insurance expenses and their reflection in the accounting system.

§  To prepare annually the budget of insurance and control its execution.

§  To arrange the work on development of recommendations for improving the risk management system, the internal controls system and Airline’s insurance coverages.

§  To coordinate the process of business continuity management, to manage and update the Business Continuity Plan.





§  Bachelor degree in Finance, to have Master degree, preferably to have Associate Professional Risk Manager certificate (Associate PRM) accredited by the International Association of Risk Managers (PRMIA).

§  Previous relevant experience required +/- 4 years.

§  Legislation of the Republic of Kazakhstan on insurance.

§  International standards on Risk Management System.

§  International standards (COSO) on Internal Controls System.

§  IFRS parts on derivative instruments.

§  International standards (ISO 22301) on Business Continuity System.

§  Languages proficiency: Russian – fluent, English – advanced.

§  Managerial skills

§  Analytical skills

§  Time management and human resources management

§  Effective communication skills with colleagues, internal and external clients

§  Experienced user of Microsoft Office (Excel, Word, Outlook, PowerPoint), Oracle

§  Ability to work in group and independently

Almaty , Kazakhstan