HEAD - ENTERPRISE RISK MANAGEMENT

The Head – Enterprise Risk Management assists in the design, implementation, monitoring and management of the Corporation’s Enterprise-Risk Management Framework.

Head Enterprise Risk Management

General Accountability

The Head Enterprise Risk Management is responsible for developing, implementing and maintaining the risk management framework. The incumbent is required to identify, assess, measure and manage the framework in the Corporation effectively to ensure that the business and strategic objectives are met. The jobholder provides senior level leadership and direction to the various ERM teams i.e. Operational Risk, Financial Risk, Information Security and Business Continuity.

 Key Responsibilities

Assist the Chief Risk Officer in the development and maintenance of the Corporation’s risk philosophy, risk tolerance and risk appetite.

• Monitor the alignment of risk appetite and business strategy
• Analyze key performance indicators, drivers and processes associated with strategic plans
• Evaluate and where deemed necessary recommend risk responses for business units, departments, functions, new investment products, projects, initiatives and processes
• Propose for consideration by the CRO process improvements aimed at reducing operational losses
• Recommend financial risk limits aimed at reducing variability of financial performance and condition
• Contribute to the efficient deployment of capital through effective measurement of risk
• Develop risk management training and awareness programs that promote a culture of risk intelligence and enterprise risk management competence throughout the organization
• Oversee the fraud risk management programme for the Corporation

 Develop enterprise risk management policies and procedures inclusive of accountability and authority for risk management throughout the organization.

• Drive the development and/or revision of credit, market and operational risk policies as relevant for all business units, functions, subsidiaries, departments and macro processes.
• Supervise the documentation of the procedures to support the aforementioned policies.
• Execute the risk control assessment process to allow for effective and continuous monitoring of the control framework of the Corporation.
• Maintain an enterprise-wide program for assessing the effectiveness of internal controls relating to risk management.
• Design, monitor and report on enterprise-level Key Risk Indicators and Key Risk Drivers.
• Define triggers and boundaries for the Indicators and Drivers consistent with the Corporation’s risk appetite.

• Continuously assess the Corporation’s risk universe to ensure the ongoing suitability of the enterprise risk management framework.

Select models, methodologies and information systems appropriate to the nature of the risks involved, the amount and depth of data required to apply the measure and the organizational capacity to respond to the event.

• Effective informed and best practice recommendations on models, methodologies and information systems

Evaluate the inherent as well as residual risks associated with significant projects, initiatives, capital expenditures, investments and other transactions. Recommend appropriate risk responses to the above.

• Systematic review and assessment of all (financially related) transactions for risk implications.

Facilitate the development and monitoring of risk-relevant reporting protocols by departments and lines of business.

• Provide regular reports to the board and relevant subcommittee(s) with responsibility for Risk Management on the key risk exposures of the Corporation.

Lead the design of scenario analyses and stress tests that simulate profit & loss, net assets and fund or business unit liquidity the impact of plausible simultaneous or sequential changes in multiple risk factors.

• Scenario analyses and stress tests for the Corporation’s business units conducted.

Review relevant risk management schedules and prose for IFRS 7 and other related disclosures in the annual audited financial statements of the Corporation and its subsidiaries.

• Vet risk management-related disclosures in the financial statements of the Review limit exception reports

Corporation and its subsidiaries.

• Reports from the departments on compliance with set financial risk limits.

Leadership, management, coaching and mentoring of the Enterprise Risk Management Team.

• Development of team leaders with respect to technical, leadership and behavioral skills/ competencies.

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

• A First Degree and a post graduate Diploma in a relevant field from an accredited tertiary institution
• A track record as a senior leader for at least six (6) consecutive years and
• 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
• Post graduate Diploma in a related field will be an asset
• High confidentiality and integrity
• Highly effective leadership, problem solving, communications, negotiations, coaching, team building, project management, planning, organizational and managerial skills.
• Ability to influence, develop and empower employees
• Strong people mastery skills
• Organizational transformation skills
• Critical thinker
• Ability to lead and work with cross functional teams to achieve business targets