Reference Number: 130-PEO00778 Department: People & Change Nigeria Job type: Permanent Job Description
The Head, Risk Management will strive to minimise exposure to potential risk and mitigate impact on business performance by establishing and implementing a robust enterprise risk management framework to enable the company achieve its strategic objectives.
Roles & Responsibilities
Liaise with appropriate unit to develop and implement a robust enterprise risk management framework and action plans to minimize or eliminate identified or potential risk to the companys’ business and growth plans
Define and, in conjunction with the respective business units, update policies and procedures governing enterprise risk management, monitoring various operations to ensure compliance and promote operational efficiency
Assess business risks and liaise with the Heads of Departments to identify potential risks, outlining findings and providing recommendations on risk mitigating strategies
Develop, monitor and tests risk management tools
Review internal (infrastructure, personnel, processes, technology) and external (physical, political, economic, competition) factors in operating environment to ascertain potential risk to the companys business operations and growth plans
Make recommendations to reduce/control risks ensuring adequate controls are put in place
Review government legislations which may affect the company to identify potential areas of compliance vulnerability and advise on corrective actions/compliance plans
Develop business continuity and contingency plans to deal with emergencies due to risks
Oversee and monitor the periodic review of operational processes across the business to ascertain weaknesses, and risk management gaps and proffer improvement solutions
Develop risk mitigation strategies for identified operational, business, financial and people risks
Provide guidance to Heads of Departments and managers in the integration of enterprise risk management with other business planning and management activities
Review and report on the company’s’ compliance to industry/statutory laws and regulations
Respond to ad hoc risk issues at all levels of the organisation
Conduct risk management trainings/workshops to increase risk management awareness and build a risk management culture
Maintain reports of risk portfolio performance variances and trends with analysis for recommended adjustments to controls and models
Liaise with Administration (procurement) to ensure all relevant insurance policies are up to date and managed efficiently in order to mitigate the company’s risk in the event of loss or damage
Requirements The ideal candidate should have:
Minimum of a first degree in Sciences, Management Sciences, Business or Finance related discipline is required
MBA or Masters in a related discipline is an advantage
Minimum 10 years cognate experience in Risk Management, 3 out of which must have been in a managerial role
Relevant risk management certification
Proven track record in improving governance, risk and compliance activities in a similar environment
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