Enterprise Risk Management Analyst (GMG/SEG 3)

Job Purpose

Under the general direction and management of the Director, Enterprise Risk Management, the Enterprise Risk Management Analyst is responsible for assisting with the development and management of the enterprise risk management framework and programmes for the Ministry and its subjects that ultimately supports the achievement of business objectives and goals.

Key Outputs:

• Information/documentation on risk scenarios collected and reviewed
• Potential threats and vulnerabilities identified
• Strategic and Operational Risk Register updated and maintained
• Risk scenarios assembled and analysed
• Key Risk Indicators (KPIs) collected, validated and monitored
• Risk Reported
• Annual/Quarterly/Monthly/Periodic Reports prepared
• Advice and interpretation provided
• Individual Work plan developed

Key Responsibility Areas:

Technical/Professional Responsibilities

• Collects information and reviews documentation to ensure that risk scenarios are identified, documented and evaluated;
• 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;
• Identifies potential threats and vulnerabilities for business processes, associated data and supporting capabilities to assist in the evaluation of enterprise risk;
• 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 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;
• 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.

Management/Administrative Responsibilities:

• Develops Individual Work Plan 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;
• Maintains customer service principles, standards and measurements.

Human Resources Responsibilities:

• Contributes to and maintains a system that fosters a culture of teamwork, employee empowerment and commitment to the Division’s and organization’s goals;
• Assists with the preparation and conducts presentations on role of Division/Unit for the Orientation and Onboarding programme.

Other Responsibilities:

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

Performance Standards:

• Information/documentation on risk scenarios collected and reviewed in accordance with established procedures agreed timeframes;
• Potential threats and vulnerabilities identified in keeping with management principles and practices;
• Strategic and Operational Risk Register updated and maintained in accordance with recognized risk management principles and timeframes;
• Risk scenarios assembled and analysed in keeping with agreed standards and timeframes;
• Key Risk Indicators (KPIs) collected, validated, and monitored in accordance with agreed standards and timeframes;
• Risk reported prepared and submitted within allotted timeframes;
• Annual/Quarterly/Monthly/Periodic Reports prepared;
• Technical advice and recommendations provided are sound and supported by qualitative/quantitative data.
• Individual work plans conform to established procedures and implemented accorded to establish rules;
• Reports are evidence-based and submitted in a timely manner;
• Confidentiality, integrity, and professionalism displayed in the delivery of duties and interaction with staff.

Required Competencies

Core

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

Technical

• Use of Technology (Word, PowerPoint, Excel and MS Project or other Project tool)
• Sound understanding of Research Methodology
• Sound understanding of enterprise risk management frameworks and tools
• Knowledge of the Government policy formulation, monitoring and evaluation processes, performance management systems and basic theories, principles and methods of analysis
• Change Management
• Goal/Result Oriented
• Analytical Thinking

MINIMUM REQUIRED EDUCATION AND EXPERIENCE

• Bachelor’s Degree in Management Studies, Public Administration, Business Administration, or a related discipline;
• Specialized training in Risk Management;
• Two (2) years’ experience in risk assessment, auditing or data analyst

AUTHORITY

• Recommends key Risk Indicators (KRIs)
• Recommends enterprise risk management strategies and programmes
• Recommends strategic direction of Branch

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.