Purpose:
To support the co-ordination of areas of Risk across the business including support for designing, developing and implementing systems to continually strengthen and improve the ERM program and methodology in accordance with industry standards.
Context/ Background:
Enterprise Risk Management is a critical function for any Organization. Today's enterprises operate in diverse and complicated frameworks such as legal, regulatory, technological, governmental, etc. This function will be responsible for identifying risks faced by the company (current & future), prioritizing the risks depending its material impact and working with management & business leaders to mitigate these.
ROLE ACCOUNTABILITIES:
• Assist in designing, implementing and maintaining the corporate ERM process including identification of financial, operational, people and security & safety risks.
• Facilitate the review of internal controls and assist in administering processes which track, recommend, evaluate and report on risk mitigation activity.
• Responsible for a wide range of key tasks including participating in the developing and introduction of a new ERM strategic model across the business, helping Business Units to identify internal and external risks, developing possible mitigations and coordinating & monitoring the implementation.
• Assist in developing and implementing the organization's risk management program in a manner that fulfills the mission and strategic goals of the organization while complying standards related to safety/security/assurance and risk management
• Assist in formulizing and implementing systems, policies and procedures for the identification, collection and analysis of risk related information.
• Analyze risks from a strategic, financial, operational, compliance and external perspective and developing long term views of trends (historic and forecast) to support strategic decision making as it relates to risk prevention and mitigation
• Assist to identify and implement corrective action where appropriate.
• Actively participates in or facilitate committees related to risk management, safety, and quality improvement
• Support and oversee the identification and implementation of an ERM measurement and monitoring system
• Assist to evolve the internal audit function and gain exposure to senior business managers and key operations across the group
• Apply risk quantification techniques.
• Coordinate governance, risk, and compliance activities with developed ERM program.
Minimum Entry Qualifications:
• A bachelor's degree in risk management and insurance, financial risk management business administration, finance
• Total Experience of 8 years with a strong understanding of risk management strategy and methodology as well as internal audit function.
• A minimum of 3-5 years experience in one or more of the following fields: risk management, quality improvement, strategic planning
• Knowledge of statistics, data collection, analysis, and data presentation
• Excellent interpersonal communication and problem-solving skills
