Director, Enterprise Risk Management

Job Purpose

Under the general direction of the Principal Director, Policy, Planning, Projects and Research, the Director, Enterprise Risk Management is responsible for establishing and managing the Ministry’s Enterprise Risk Management Framework and programmes in accordance with the GOJ Risk Policies and Guidelines.

The Director will lead the investigation, analysis, assessment of risk, and the design and implementation of strategies and processes which mitigate threats to the successful delivery of the organisation's corporate and business plans, and desired outcomes.

Key Outputs:

• Enterprise Risk Management Plan, Policy & Strategy established and implemented
• Risk-based Performance Management Framework and programmes developed and implemented
• Risk identified, assessed & evaluated
• Risk monitored
• Key Risk Indicators (KPIs) collected, validated and monitored
• Risk reported
• Corporate, Strategic and Operational Plans, Budget for the section prepared
• Annual/Quarterly/Monthly/Periodic Reports prepared
• Advice and interpretation provided
• Individual Work Plan developed
• Staff Appraisals conducted

Key Responsibility Areas:

Technical/Professional Responsibilities

• Establishes, implements and leads the Ministry’s and its subject enterprise risk management plan, policy and strategy;
• Guides the development and implementation of a risk-based performance management framework to achieve the ultimate mission of the Ministry and its subjects;
• Develops mechanisms to identify, assess and evaluate risk to enable the execution of the enterprise risk management strategy;
• Identifies legal, regulatory and contractual requirements and organizational policies and standards related to the Ministry’s operations to determine their potential impact on the business objectives;
• Assembles and analyses risk scenarios to determine the likelihood and impact of significant events to the Ministry’s business objectives;
• Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership;
• Validates risk appetite and tolerance with senior leadership and key stakeholders to ensure alignment;
• Identifies and evaluates risk response options and provides Executive Management with information to enable risk response decisions;
• Approves and leads implementation of programmes designed to anticipate and to minimize threats to the Ministry;
• Evaluates, monitors and reports on divisional performance to improve the Ministry’s risk profile;
• Provides strategic advice and guidance on the enterprise risk management;
• Develops and implements mechanisms to support the Executive Management team on embedding a risk management planning and risk aware culture;
• Establishes and quantify the Ministry’s risk appetite and ensure risk approach adheres accordingly;
• Identifies and detects potential threats to brand reputation, financial sustainability, operational efficiency, workforce investments and safety to fully develop a shared understanding for the Ministry’s risk exposure;
• Establishes and implements a Strategic and Operational Risk Register to record, rate, monitor and report risk;
• Oversees the conduct of regular risk assessments and preparation of all documentation related to risk assessment, and reviews of standard operating procedures ensuring that recommended improvements are fully implemented;
• Produces regular risk analysis reports to the Permanent Secretary and Senior Executives, complete with actionable plans for avoidance or prevention of possible threats at all levels;
• Drives initiatives that support enhanced efficiency and effectiveness in all Risk processes;
• Reviews risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy;
• Collects and validates data that measure Key Risk Indicators (KRIs) to monitor and communicate their status to relevant stakeholders;
• Monitors and communicates Key Risk Indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process;
• Facilitates independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively;
• Identifies and reports on risk, including compliance, to initiate corrective action and meet business and regulatory requirements;
• Regularly review and assess the Risk Management Policy, Strategic and Operational Risk Registers to ensure regulatory compliance and effective risk management is maintained;
• Develops, implement and maintains insurance strategies and financing techniques to appropriately deal with any unanticipated losses;
• Keeps Senior Executives informed of regulatory, legislative and best practices changes and their obligations under these changes, as well as how they impact the Ministry;
• Works closely with key stakeholders to understand the business requirement for projects;
• Designs and delivers training and presentations at workshops, seminars and other meetings, to further an understanding of the basics of risk management;
• Guides the development and implementation risk responses to ensure that risk factors and events are addressed in a cost-effective manner and in line with business objectives.
• Management/Administrative Responsibilities
• Manages the development of the Branch’s Corporate/Operational Plans, Budget and Individual Work Plans;
• Supervises preparation of reports to Principal Director, Corporate Services, Permanent Secretary, Senior Executives and other relevant stakeholders;
• Convenes and attends internal committee meetings to address Enterprise Risk Management matters and other executive directives as necessary;

Management/Administrative Responsibilities

• Manages the development of the Branch’s Corporate/Operational Plans, Budget and Individual Work Plans;
• Supervises preparation of reports to Principal Director, Corporate Services, Permanent Secretary, Senior Executives and other relevant stakeholders;
• Convenes and attends internal committee meetings to address Enterprise Risk Management matters and other executive directives as necessary

Human Resources Responsibilities

• Provides leadership and guidance through effective planning, delegation, communication, training, mentoring, coaching and discipline;
• Coordinates the development of individual work plans and recommends performance targets for the staff assigned;
• Participates in the recruitment and training of staff for the Branch;
• Recommends training, promotion and approves leave;
• Identifies skills/competencies gaps and contributes to the development and succession planning for the division to ensure adequate staff capacity;
• Monitors the performance of staff and facilitates the timely and accurate completion of the staff annual performance appraisals and other periodic reviews and implements appropriate strategies;
• Ensures the well - being of staff supervised;
• Effect disciplinary measures in keeping with established guidelines/practices.
• Maintains customer service principles, standards and measurements;
• Identifies and incorporates the interests and needs of customers in business process design.

Other Responsibilities

• Performs all other duties and functions as may be required from time to time.

Performance Standards:

• Enterprise Risk Management Plan, Policy & Strategy established and implemented in keeping with established standards and specified timeframes;
• Risk-based Performance Management Framework and Programmes developed and implemented within established guidelines, resources and timeframes;
• Risk identified, assessed & evaluated in keeping with risk management principles, practices and timeframes;
• Risk monitored in accordance with agreed standards and timeframes;
• Key Risk Indicators (KPIs) collected, validated and monitored in accordance with agreed standards and timeframes;
• Risk reported prepared and provided within allotted timeframes;
• Corporate, Strategic and Operational Plans, Budget for the Branch prepared within established guidelines, resources and timeframes;
• Technical advice and recommendations provided are sound and supported by qualitative/quantitative data;
• Work plans conform to established procedures and implemented accorded to establish rules;
• Reports are evidence-based and submitted in a timely manner;
• Staff managed according to GOJ HR and other established practices
• Workplans prepared and Performance appraisals and reviews conducted and submitted in accordance with agreed timeframe and standards;
• Confidentiality, integrity and professionalism displayed in the delivery of duties and interaction with staff.

Required Competencies

Core

• Oral Communication
• Written communication
• Integrity
• Problem Solving and Decision making
• Initiative
• Planning and organizing
• Time Management
• Interpersonal Skills
• Adaptability
• Customer & Quality Focus
• Leadership

Technical

• Use of Technology
• Sound understanding of enterprise risk management frameworks and tools
• Analytical Thinking
• Sound understanding of Research Methodology
• Knowledge of the Government processes, including strategic planning; financial planning, performance management systems
• Strategic Vision
• Change Management
• Sound knowledge of Government policy formulation, monitoring and evaluation processes
• Managing External relationships

MINIMUM REQUIRED EDUCATION AND EXPERIENCE

• Master’s Degree in Management Studies, Public Administration, Business Administration, or a related discipline;
• Specialized training in Risk Management;
• Over Two (2) years’ experience in conducting risk assessments or data analyst.

OR

• Bachelor’s Degree in Management Studies, Public Administration, Business Administration, or a related discipline;
• Specialized training in Risk Management;
• Over Three (3) years’ experience in conducting risk assessments or data analyst.

AUTHORITY

• Provide advice to the Head of Entity on risk strategy to inform decision making;
• Ensure that the Departments/Agencies Enterprise Risk Management process aligns to the GOJ’s Enterprise Risk Management Policy;
• Manage Enterprise Risk Management Framework and guide risk related activities to adhere to said Framework.
• Access any information for risk related purposes.
• Coordinate business continuity activities.
• Share information with internal and external stakeholders on ERM matters.
• Directs the work of the Risk Management Analyst
• Recommends and approves leave for direct reports.

SPECIAL CONDITIONS ASSOCIATED WITH THE JOB

• Work will be conducted in an office outfitted with standard office equipment and specialized software. 
• The environment is fast paced with on-going interactions with critical stakeholders
• Meeting tight deadlines which will result in high degrees of pressure, on occasions.
• May be required to travel locally and overseas to attend conferences, seminars and meetings.