Role and responsibilities
Risk Governance and Enterprise Risk Management (ERM)
- Assist in Policy Development: Support the development and implementation of risk management policies and procedures.
- ERM Process Support: Help design and implement the overall risk management process and assist in communicating risk findings and recommendations to senior management and relevant stakeholders.
- Support Risk Appetite Establishment: Assist in establishing the organization's risk appetite and ensure it is integrated into decision-making processes.
- Advise on Risk Management: Provide input on risk management issues in new business initiatives to ensure alignment with organizational objectives.
- Policy Review Support: Assist in the regular review of risk policies and procedures to ensure compliance with regulatory requirements related to risk management.
Operational Risk Assessment, Evaluation, and Mitigation
- Collaborate on Risk Identification: Work with other departments to identify, evaluate, and manage risks associated with their activities, ensuring the effectiveness of mitigation plans through Risk Control Self-Assessments (RCSA).
Key Control Testing (KCT)
- Conduct KCT: Perform KCT to ensure the effectiveness of established controls. to ensure the effectiveness of established controls. This process involves sampling-based testing, stakeholder interviews, process observation, and information and data verification.
Risk Monitoring and Reporting
- Monitor Risk Activities: Assist in monitoring all operational risk management activities of the organization through Key Risk Indicators (KRI).
- Support Reporting: Help prepare reports on the effectiveness of risk management strategies and plans, providing insights and recommendations for improvement.
Incident Management
- Assist in Incident Management Processes: Support the development and implementation of processes and procedures for incident management, including Incident Management and Data Collection (IMDC).
- Log Incidents: Assist in logging all incidents and ensure issues are effectively mitigated, documenting actions taken and outcomes.
Business Continuity Management (BCM)
- Support BCM Tools and Capabilities: Assist in designing, building, and implementing Business Continuity Risk Assessment, Business Impact Analysis (BIA), and other Business Continuity tools and capabilities.
- BCM Strategy Support: Help drive and deliver effective Business Continuity strategies to support and recover the company's critical business functions during disasters.
- Coordinate BCM Activities: Assist in coordinating Business Continuity training, communication, and testing of plans, acting as the Organization BCM Coordinator.
Risk Training and Awareness
- Conduct Training Programs: Help build risk awareness among employees by providing support and training on risk management practices and procedures.
- Implement Awareness Campaigns: Support the implementation of awareness campaigns to promote a risk-aware culture within the organization.
- Ongoing Education Support: Ensure that staff are regularly updated on new risks, policies, and best practices in risk management.
Qualifications and requirements
- Education: Bachelor’s degree in Risk Management, Business Administration, Finance, Science or a related field.
- Experience: Minimum of 3 years in risk management or a related role, with hands-on experience in risk assessments, incident management, and BCM.
- Skills: Strong analytical skills, excellent communication and presentation abilities, proficiency in risk management software, and strong organizational skills.
Personal Attributes:
- Detail-oriented and thorough.
- High ethical standards and integrity.
- Proactive and forward-thinking.
- Ability to handle confidential information with discretion.