Job Purpose
Under the general direction of the Manager, Enterprise Risk Management, the Enterprise Risk Management Analyst is responsible for facilitating the identification, evaluation and analysis of risks inherent to the operations of the Agency and formulating, implementing and evaluating risk management strategies to efficiently and cost effectively manage these risks.
Key Responsibility Areas:
Management/Administrative Responsibilities
- Develops Individual Work Plans based on alignment to the overall plan for the section.
- Participates in meetings, seminars, workshops and conferences as required.
- Prepares reports and programme documents as required.
Technical/Professional Responsibilities
- Collects information and reviews documentation to ensure that risk scenarios are identified and evaluated.
- Identifies, with the respective managers legal, regulatory and contractual requirements and organizational policies and standards related to the Agency’s operations to determine their potential impact on the business objectives.
- Identifies, with senior leadership potential threats and vulnerabilities for business processes, associated data and supporting capabilities to assist in the evaluation of enterprise risk.
- Collaborates closely with business owners and project teams to assist in the development, assessment, and maintenance of the process level internal control environment and risk mitigation techniques.
- Works with Units and process owners to ensure that risk related documentation is clear and accurate including developing processes and procedures to assist them in maintaining documentation.
- Implements the ERM framework and ongoing ERM practices suitable for the requirements of the Agency.
- Updates and maintains a Strategic and Operational Risk Register to ensure that all identified risk factors are accounted for.
- Assembles and analyses risk scenarios to determine the likelihood and impact of significant events to the Agency’s business objectives.
- Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership.
- Facilitates the establishment of risk tolerance with senor leadership and key stakeholders to ensure alignment.
- Assists in the development of a risk awareness programme and conduct training to ensure that stakeholders understand risk and contribute to the risk management process and to promote a risk-aware culture.
- Identifies and evaluates risk response options and provides Executive Management with information to enable risk response decisions.
- Participates in the review of risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy.
- Applies risk criteria to assist in the development of the risk profile for Executive Management approval.
- Assists in the development of risk response action plans to address risk factors identified in the organizational risk profile.
- 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.
- 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.
- Influences and when necessary, challenges decisions that give rise to material risks.
- Builds awareness of business continuity and disaster recovery risks, including encouraging the preparation of business continuity and disaster recovery management plans.
Other Responsibilities
- Performs other related duties assigned from time to time by the Manager and Administrator.
Required Competencies
The post-holder will be able to demonstrate:
Core
- Excellent interpersonal skills
- Excellent leadership skills
- Good coaching, mentoring and mediation skills
- Excellent planning and organising skills
- Excellent problem solving and decision-making skills.
- Ability to build and maintain strong linkages and network with stakeholders.
- Confidentiality is displayed in the conduct of duties.
- Competence in the use of relevant computer software
- Ability to foster good working relationship among all staff members of the Unit
- Ability to effectively function in a team environment
- Ability to work quickly and under pressure to meet deadlines
- High levels of integrity, professionalism, ethics and ability to keep confidentiality
Technical
- Sound understanding of enterprise risk management frameworks and tools.
- Must be able to demonstrate a broad technical knowledge and expertise covering conduct of business matters, corporate governance matters and regulatory risk and regulatory change matters.
- Practical and commercial approach to problem solving.
- Sound understanding of Research Methodology.
- Knowledge of the principles of public sector management.
- Sound knowledge of Government policy formulation, monitoring and evaluation processes.
- Ability to exercise sound judgment and conviction of purpose in unfavourable or unpopular situations.
- Excellent capability to track policies/programmes/project benefits realization and lessons learnt activities to feed into on-going improvements.
- Ability to monitor and report on programme/project budgets.
- Demonstrates sound personal and professional integrity, reflecting high ethical and moral values.
- Advanced IT skills in relation to Word, PowerPoint, Excel and MS Project or other project tools.
Minimum Required Education and Experience
- Bachelor’s Degree in Management Studies, Public Administration, Business Administration or a related discipline.
- Specialized training in Risk Management.
- Three (3) years related experience.
- ISO 9001 certification would be advantageous
We appreciate all responses but only short-listed applicants will be contacted.
