General Accountability

The Head – Enterprise Risk Management assists the Chief Risk Officer (CRO) in the design, implementation, monitoring and management of the Corporation’s Enterprise-Risk Management Framework to proactively minimize the risk of loss, financial or otherwise to the Organisation in the pursuit of its operational and strategic objectives.

The jobholder is required to provide senior leadership, direction and oversight to the various ERM teams i.e. Operational Risk , Financial Risk, Business Continuity and Information Security .

 

Key Responsibilities

Development and implementation of strategies and infrastructure for the identification, assessment, management, control, monitoring and reporting on the Organisation’s risk issues.

• Identify and implement best practice tools and techniques to manage risk across the enterprise.
• Proactively and independently review the financial risks – market, credit and liquidity as well as the operational risks for the Organisation’s products, services and its operations
• Design and direct scenario analyses and stress tests for the Organisation’s business units and mutual funds.
• Review Cyber Security risks and associated corrective action plans
• Manage the Organisation’s Insurance Portfolio in conjunction with the Insurance Broker
• Maintenance of a Risk Register for the enterprise
• Reporting to the Board and Board Committees on risk issues

 

Contribute to the co-ordination of the Business Continuity Planning Framework and overall BCM maturity.

• Coordinate the development and operationalization of the Business Continuity Plan (BCP) with internal and external stakeholders
• Facilitate testing of the BCP
• Review Business Impact Analysis of various departments and provide advice on incorporation in the BCP
• Reporting to the Board on decisions/risks regarding the BCP

 

Direct business units on the development of quantifiable risk appetite, tolerances and Key Risk Indicators (KRIs).

• Annual review of the Organisation’s risk appetite statements, risk tolerances and KRIs.
• Guide business units on appropriate risk tolerance measures and KRIs for their areas of business.
• Reporting to the Board on current risk profile relative to set appetite and tolerances

 

Assist with reviewing the efficiency and relevance of key controls and risk response strategies for products, services, projects and processes across the enterprise.

• Identify key control deficiencies across the enterprise through various avenues such as meetings with management, review of risk controls self-assessment results and internal breaches reports.
• Guide business units on improvements to key controls to minimize risks within processes.
• Review and provide guidance on risk assessments of the initiatives and projects across the enterprise.

 

Assist with the governance of Enterprise-wide Policies & Procedures

• Provide support and guidance to business units on the development and maintenance of relevant policies and procedures
• Formulation and maintenance of frameworks, policies and procedures for all elements of the risk management process

 

Leadership of special projects and analyses.

• Lead and participate in Risk Management and cross functional projects, special assignments and analyse

 

Development and facilitation of training and awareness programs that develop enterprise risk management competence and promote a culture of risk intelligence.

• Develop risk management awareness programs
• Facilitate training sessions on strategies, tools and techniques utilized in Risk Management

Leadership, coaching and development of the Enterprise Risk Management Team.

• Development of team leaders with respect to technical, attitudinal and behavioural skills.
• Identify and make recommendations for effective career management of subordinates
• Performance Management of team members
• Ensure subordinates adhere to the HR and other policies and procedures of the Organisation
• Identify staffing deficiencies and recommend appropriate staff compliment for bench-strength required by the Organisation

 

The selected candidate must possess the following combination of qualifications, skills, training and experience:

• A First Degree in a relevant field from an accredited tertiary institution
• A post graduate Diploma will be an asset
• A track record as a senior leader for at least six (6) consecutive years
• A minimum of five (5) years’ working experience at a senior level within a financial institution
• Strong technical competence
• Extensive knowledge and experience in the relevant field
• Suitable combination of training and experience
• High confidentiality and integrity
• High effective leadership, problem solving, communications, negotiations, coaching, team building, project management, planning, organizational and managerial skills.
• Ability to influence, develop and empower team members
• Strong people mastery skills
• Organizational transformations skills
• Critical Thinker
• Ability to lead and work with cross functional teams to achieve business targets

 

All applications should be submitted no later than October 23, 2024