Job Description
Roles Responsibilities:
- Design and develop innovative approaches to managing significant business risks effectively and efficiently.
- Serve as an enterprise risk subject matter expert to the business.
- Develop others' understanding of enterprise risk management through thought leadership, mentoring, and coaching.
- Provide policies and guidance to the business to help them understand how risks arise and what tools and techniques should be used to mitigate those risks.
- Report recommendations for improvements based on systematic analyses of information at agreed intervals.
- Interpret and translate financial information to drive strategic business decisions while monitoring risk.
- Review outputs of financial analyses to develop views and guide senior leadership in decision-making.
- Work with business stakeholders to create and help implement controls efficiently in complex environments.
- Champion proactive governance and internal control assessments while interacting with business stakeholders
- Provide advice on best practices and foresees the impact of changes in regulations, policies, and procedures.
- Assist in the development and implementation of corporate governance frameworks.
- Perform tests to identify instances of fraud.
- Interpret relevant legislation and regulations, legal documents, standards, and codes of practice relevant to the business units and their implications.
- Ensure monitoring and reporting of non-compliance events.
What We Are Looking For:
- Minimum of seven (7) years working experience in the financial services sector
- Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)
- Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)
- Knowledge and experience in risk functions including enterprise, liquidity, etc and a broad understanding of the regulatory environment and compliance issues.
- Demonstrates ability to interpret facts, patterns, and trends to reach evidence-based decisions on the nature of risks and opportunities.
- Demonstrates understanding of different report types that are available and what is required for various stakeholders.
- Demonstrates understanding of the financial reporting process and risk standards.
- Understands and is familiar with regulations and associated company policies related to internal controls and governance.
- Aware of areas of high fraud risk (e.g., procurement, contracts, payments).
- Decision making skills.
Key Performance Indicators:
- Regulatory compliance by the company.
- % of compliance issues opened
- % of outstanding post-audit issues
- % of internal audits completed on-time
- % of strategic risks mitigated
- Quality of risk management framework and recommendations
- Internal compliance with standard operating procedures.
- Number of risks identified in financial and operating systems
- Accuracy of Risk Reports on Operational, credit and business Risks across the units.
- Business Environment Analysis.