Job Purpose:
Responsible for the implementation of financial risk frameworks, by taking charge of risk identification, assessment, reporting and mitigation strategies. Ensure that these practises and frameworks are embedded in the Group and Business operations in consultation with the Financial Risk Manager.
It involves the review and development of financial risk assessment tools, critical assessment of complex, qualitative and quantitative data sets, monitoring the organisation’s adherence to risk policies and guidelines, as well as supporting the overall communication and comparisons of risk assessment approaches across the Group’s regional network to contribute to risk research.
Key Responsibilities:
- Reviewing and updating risk positions and driving the application of mitigating actions.
- Analyzing and anticipating market trends, and business and industry patterns and researching to assess risks.
- Challenge business operations and strategy through value-adding commentary and impactful and strategic engagements.
- Review and challenge key models’ assumptions and recommend precautionary or improvement measures.
- Coordinate the preparation and publishing of periodic dashboards within the ERM Framework.
- Deploy key risk assessment and early identification tools.
- Reviewing and updating emerging risk positions and applying agile mitigating actions.
- Review and challenge the business recovery and continuity plans.
- Reviewing implementation of risk limits, and tools and ensuring escalation mechanisms are established and in use.
- Assist in documenting and updating policies, work processes and procedures in line with the Risk Management Framework.
- Develop appropriate and comprehensive risk reports to be reviewed by the Financial Risk Manager and for consumption by various stakeholders across the Group.
- Maintain an updated list of risk champions and their training programs.
- Develop risk champion and staff training programs that build enterprise risk awareness.
- Capture risk incidents on applicable systems and mitigation implementation tracking.
- Perform any other duties as may be assigned from time to time.
Knowledge, experience and qualifications required:
- Bachelor’s degree in finance, Actuarial, Economics, Business Administration or a related field.
- Professional qualifications such as FRM, ERM, Actuarial, CPA, ACCA, CFA are desired.
- Minimum 3-4 years’ experience in risk management.
- Ability to analyse complex financial data sets.
- A vibrant individual with the energy and ambition to innovate through risk management.
- Excellent communication skills.
Technical/Functional competencies:
- Knowledge of various types of liquidity and market risks.
- Scenario planning and sensitivity analysis.
- Trends and patterns analysis
- Proficiency in data analytics and awareness of data analytic tools such as Microsoft Office, Alteryx, IDEA.
- Risk management skills including risk assessment, evaluation, quantification, mitigation and reporting skills.
- Familiarity with the financial sector operations and products, insurance and asset management regulatory frameworks.
- Understanding of core macroeconomic processes, indicators and relevant emerging issues in risk management.
- Knowledge of policies, regulations and directives related to financial sectors.
- Interpersonal skills, including the ability to build collaborative relationships.
