Director, Enterprise Risk Management (GMG/SEG 4)

Organisation
Ministry of Health and Wellness
Reference
VAC-48934
Contract Type
Full-Time
Industries
Management
Location
Kingston
Salary & Benefits
$5,597,715.00 per annum
Date Posted
15/03/2024
Expiry Date
12/04/2024
The Director of Enterprise Risk Management establishes and oversees the Ministry's risk framework, including risk investigation, analysis, and mitigation strategies to ensure compliance and support staff education on risk management objectives.

 

JOB PURPOSE 

Under the general direction of the Chief Technical Director, Policy, Planning and Development, the Director, Enterprise Risk Management is responsible for establishing and managing the Ministry’s Enterprise Risk Management Framework. The Senior 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 Ministry's corporate and business plans, and desired outcomes. The Director supports in ensuring the MOHW is compliant with legislation, regulations, policies, procedures and standards. The incumbent also leads the process of educating and advising staff on risk management objectives.

 

KEY OUTPUT

  • Enterprise Risk Management Plan, Policy & Strategy established and implemented;  
  • Risk-based Performance Management Framework developed and implemented;
  • Risks identified, assessed & evaluated; 
  • Risks 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 enterprise risk management plan, policy and strategy;
  • Facilitates the establishment of an effective enterprise-wide risk governance framework, including risk appetite, risk tolerance levels and limits;
  • Advises on and challenges risk appetites statement(s); identifies changes in GOJ’s risk appetite(s) and ensure that the Ministry is aligned;
  • Facilitates and coordinates the implementation of risk management processes in the MOHW in managing its risk environment in a consistent manner across the functional areas and in keeping with GOJ’s policy;
  • Coordinates and reports on the risk management strategy through the CTD to the Permanent Secretary and other Executives for decision making in order to ensure each is fulfilling their respective risk oversight responsibilities;
  • Guides the development and implementation of a risk-based performance management framework to achieve the ultimate mission of the Ministry;
  • 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;
  • Champions the proper tone for managing risks and building a robust risk aware culture;
  • Oversees and guides risk owners in the discussion and treatment of individual and aggregate risks;
  • 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, CTD 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;
  • Monitor and communicate Key Risk Indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process;
  • Monitors the internal and external risk environment; identifies and flag risk trends as well as material individual, aggregate and emerging risks that may substantially impact strategy and objectives;
  • 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;
  • Establish the research mechanism that will unearth the data for stochastic or deterministic modelling for future risk eventualities;
  • 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;
  • Builds awareness within each Division of business continuity and disaster recovery risks, including encouraging the preparation of business continuity and disaster recovery management plans;
  • 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 of risk responses to ensure that risk factors and events are addressed in a cost-effective manner and in line with business objectives.

 

PERFORMANCE STANDARDS

  • Enterprise Risk Management Plan, Policy & Strategy established and implemented in keeping with established standards and specified timeframe;
  • Risk-based Performance Management Framework 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 report prepared and provided within allotted timeframes;
  • Corporate, Strategic and Operational Plans, Budget for the section prepared within established guidelines, resources and timeframes;
  • Technical advice and recommendations provided are sound and supported by qualitative/quantitative data;
  • Business continuity management processes are fully aligned with ERM framework and risk management processes;
  • 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 and performance appraisals and reviews done and submitted in accordance to agreed timeframe and standards;
  • Confidentiality, integrity and professionalism displayed in the delivery of duties and interaction with staff.

 

MINIMUM REQUIRED EDUCATION AND EXPERIENCE

  • Master’s Degree in Management Studies, Public Administration, Business Administration or a related discipline; 
  • Specialized training in Risk Management;
  • Four (4) years related experience, with at least two (2) years in a Risk Management role. 

OR

  • Bachelor’s Degree in Management Studies, Public Administration, Business Administration or a related discipline; 
  • Specialized training in Risk Management;
  • Six (6) years related experience, with at least three (3) years in a Risk Management role. 

 

 

 

The Ministry of Health & Wellness thanks all applicants for their interest, but only those shortlisted will be contacted.

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