Manager, Enterprise Risk Management

Key Responsibility:

Management/Administrative Responsibilities 

• Manages the development of the Section’s Corporate/Operational Plans, Budget and Individual Work Plans. 
• Prepares ad hoc, quarterly and annual reports to the Deputy Financial Secretary – Corporate Planning & Administration and other relevant stakeholders. 
• Attends Committee meetings and executes directives as necessary. 

Technical/Professional Responsibilities 

• Establishes, implements and leads the Agency’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 Agency is aligned. 
• Facilitates and coordinates the implementation of risk management processes in the MDA 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 to the Financial Secretary and Deputy Financial Secretaries 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 Agency. 
• Develops mechanisms to identify, assess and evaluate risk to enable the execution of the enterprise risk management strategy. 
• Assesses legal, regulatory and contractual requirements and organizational policies and standards related to the Agency’s operations and their potential impact on the business objectives. 
• 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. 
• Validates risk appetite and tolerance with senior leadership and key stakeholders to ensure alignment. 
• Approves and leads implementation of programmes designed to anticipate and to minimize threats to the Agency. 
• Evaluates, monitors and reports on divisional performance to improve the Agency’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 awareness culture. 
• Identifies and detects potential threats to brand reputation, financial sustainability, operational efficiency, workforce investments and safety to fully develop a shared understanding for the Agency’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 Financial 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. 
• 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. 
• Regularly review and assess the Risk Management Policy, Strategic and Operational Risk Registers to ensure regulatory compliance and effective risk management is maintained.
• Develops, implements 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 Agency.
• 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. 

Other Responsibilities 

• Performs other related duties assigned from time to time by the Chief Executive Officer. 

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

• 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 senior 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 senior role. 

We appreciate all responses but only short-listed applicants will be contacted.