Our client is urgently seeking an Enterprise Risk Management head to implement a robust Enterprise Risk Management Framework aimed at minimizing emerging risks, developing appropriate initiatives to effectively manage risks across Strategic Business Units (SBUs) and the Group.

RESPONSIBILITIES

GROUP RISK MANAGEMENT
• Implement the ERM framework that will guide SBU operations in the achievement of their respective mandates.
• Ensure that proper risk management policies are formulated, updated and implemented across the Group
• Identify, evaluate, and quantify risks in all projects, investments and in all areas of operations as it affects ultimate goals and performance of the enterprise. Advise and recommend to the appropriate SBU.
• Evaluate the adequacy of internal control systems in addressing the enterprise risks within the shortest reasonable time for necessary actions
• Liaise with SBUs, Unit Heads on the adequacy of proposed actions and recommendations made on all identified risky areas
• Drive compliance with regards to risk reporting, ensuring SBUs submit accurate risk report on a monthly basis.
• Implement new policies as approved by Executive Management
• Ensure staff are conversant with ERM Staff Handbook; thereby improving the Risk Awareness & Risk Culture through the organization.
• Facilitate training on risk management for both statutory purposes and internal knowledge sharing. Trainings include AML/CFT.
• Ensure all Standard Operating Procedures (SOPs) are in place for respective functional units.
• Anchor Risk Management Committee meetings in line with the Group’s corporate governance framework.
• Conduct on risk-based Inspection for SBUs and functional units periodically.
• Inculcate Risk Management culture among staff through training, sending out risk management journals and articles etc.

SUPERVISORY OVERSIGHT - REGULATORY COMPLIANCE:
• Provide supervisory oversight that includes the following: o Prompt rendition of Statutory Returns to Regulators (SEC, NSE, NASD, PFA, etc) as required - Weekly, Monthly, Quarterly, Semi-Annually or Annually.
• Regularly attend Chief Compliance Officers meeting with Regulators to avoid sanctions
• Escalate issues relating to Compliance infractions with Regulators (PFA, SEC, NSE)
SUPERVISORY OVERSIGHT - INTERNAL CONTROL AND AUDIT:

• Provide supervisory oversight that includes the following: o Pre-Payment audit of ALL payment request across the Group
• Check for Authorization and Approval
• Check for Approval Grid and limitation
• Call for Alternative quotations (where applicable)
• Perform Market independent research and survey to ascertain reasonableness of costs to be incurred

INSPECTION AND INTERNAL AUDIT:
• Conduct periodic inspection at least once per Quarter and come up with exception reports
• Supervise off-site/ offices
• Write report on exceptions/infraction to policies and procedures, and report to Management

PERSON SPECIFICATION - KNOWLEDGE AND SKILLS REQUIRED:
• Interested candidates will possess:
• Postgraduate Degree in Business, Accounting/Finance, Economics, Actuarial Sciences, Risk Management or related fields.
• Professional qualifications in risk management or finance
• Must be a member of a finance or risk related professional body
• A minimum of ten (10) years’ experience in Risk Management, five (5) of which must have been at a managerial level
• Should have a thorough knowledge of the capital market and financial services sector as well as knowledge of regulatory requirements affecting the sector
• Should demonstrate an ability to identify and respond to risk areas within the department
• Must have proficiency in governance, control and risk
• Ability to understand and document workflows and business processes
• Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships
• Must demonstrate an ability to handle multiple and conflicting priorities, and work under strict deadlines
• Must have high standards of integrity and ethical practice
• Must have management and leadership skills
• Must have ability to accurately plan work assignments, prioritize tasks and deliver deadlines
• Should be an effective communicator with the ability to handle both internal and external communication

Qualified and interested candidates should please submit their CVs below:

Now filled! Thanks guys