Risk Quantification Specialist
Posted on :
11-10-2024
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Job Summary:
The ERM Manager leads risk quantification and analysis supporting the implementation of ERM at organization. The role develops risk dashboards and reports for Senior Management ensuring alignment with organizations risk appetite and sector trends. Additionally the ERM Manager conducts financial impact and scenario analyses to assess risks in investment decisions strategic plans and budgeting providing insights for proactive risk management and decisionmaking.
Job Specific Responsibilities:
Monitor and enhance application of organization s ERM processes across the organization including but not limited to relevant risk quantification methodologies
tools and templates.
quantification approaches of similar international utilities and single buyer/system operator organizations.
Provide risk management support within key projects by providing guidance on risk quantification and the application of risk simulation software/modelling (including
Monte Carlo Simulation or Bootstrapping).
Conduct indepth analysis of potential new investment decisions and stress test financial models considering multiple risks/assumptions and offering probabilistic
insight on potential investment ROI/LCOE and contribute to drafting investment recommendations based on risk sensitivity analysis.
Responsible for developing and monitoring KRIs (key risk indicators) across the enterprise risk portfolio consistent with the risk framework to measure risk
exposure.
Develop and implement necessary tools for the automation of the risk quantification and risk aggregation process supporting the risk assessment initiatives.
Review and challenge business planning and budgets proposed by organization in consideration of the organization risk landscape and any necessary contingency reserves and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful recommendation from risk perspective.
Perform a risk mapping and quantification exercise to map risks from the risk registers to financial statements.
Analyze and identify risks associated with the forecast performance for deviations.
quantification approaches of similar international utilities and single buyer/system operator organizations.
Provide risk management support within key projects by providing guidance on risk quantification and the application of risk simulation software/modelling (including
Monte Carlo Simulation or Bootstrapping).
Conduct indepth analysis of potential new investment decisions and stress test financial models considering multiple risks/assumptions and offering probabilistic
insight on potential investment ROI/LCOE and contribute to drafting investment recommendations based on risk sensitivity analysis.
Responsible for developing and monitoring KRIs (key risk indicators) across the enterprise risk portfolio consistent with the risk framework to measure risk
exposure.
Develop and implement necessary tools for the automation of the risk quantification and risk aggregation process supporting the risk assessment initiatives.
Review and challenge business planning and budgets proposed by organization in consideration of the organization risk landscape and any necessary contingency reserves and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful recommendation from risk perspective.
Perform a risk mapping and quantification exercise to map risks from the risk registers to financial statements.
Analyze and identify risks associated with the forecast performance for deviations.
Research and implement innovative approaches to quantify and analyze organization s risks in line with the ERM policy and framework while reviewing and evaluating risk
Engage with Risk Champions / Finance business partners in developing models that provide a quantitative basis for decisionmaking aligning these models with
financial considerations and facilitating effective communication to support informed and strategic decisionmaking processes.
Communicate complex risk quantification concepts to nontechnical stakeholders in a clear and understandable manner.
Ensure that all new projects/initiatives/investments have offered risk oversight and key risks are monitored on a periodic basis over the duration of the projects/initiatives/investments to deliver intended benefits on time in a defined cost.
Collaborate with business functions including Project Finance Strategy and Planning and Financial Planning on how to quantify / analyze and report risks and
evaluate internal and external risks/issues that may impact organization s core activities.
Periodically collaborate with Risk Owners on key business aspects to ensure risk informed decision making is implemented across organization
Regularly update risk dashboards and reports based on inputs obtained from the Directorates and outputs of the risk quantification activities ensuring accurate
documentation is presented to ARC and Board
Identify and analyze sector trends to continuously improve organization s risk management approach including gap analysis controls
Engage with Risk Champions / Finance business partners in developing models that provide a quantitative basis for decisionmaking aligning these models with
financial considerations and facilitating effective communication to support informed and strategic decisionmaking processes.
Communicate complex risk quantification concepts to nontechnical stakeholders in a clear and understandable manner.
Ensure that all new projects/initiatives/investments have offered risk oversight and key risks are monitored on a periodic basis over the duration of the projects/initiatives/investments to deliver intended benefits on time in a defined cost.
Collaborate with business functions including Project Finance Strategy and Planning and Financial Planning on how to quantify / analyze and report risks and
evaluate internal and external risks/issues that may impact organization s core activities.
Periodically collaborate with Risk Owners on key business aspects to ensure risk informed decision making is implemented across organization
Regularly update risk dashboards and reports based on inputs obtained from the Directorates and outputs of the risk quantification activities ensuring accurate
documentation is presented to ARC and Board
Identify and analyze sector trends to continuously improve organization s risk management approach including gap analysis controls
Develop review and update ERM training materials to ensure they reflect organization s ERM framework and goals and train Risk Champions and other employees (as
needed) on the importance of ERM and organizations ERM tools and methodologies.
Develop and implement the Risk Management Plan working closely with the ERM Head on annualized basis
needed) on the importance of ERM and organizations ERM tools and methodologies.
Develop and implement the Risk Management Plan working closely with the ERM Head on annualized basis
Key result area(s)
Driving risk quantification and analysis to support strategic decisionmaking and developing risk dashboards and reports that align with organization s risk appetite and emerging trends. Additionally the role ensures comprehensive financial and scenario analysis to guide investment and risk mitigation strategies.
Internal working relations:
CFO and Corporate Operations Directorate
Internal Departments within organization
Internal Audit
Internal Departments within organization
Internal Audit
Requirements
JOB REQUIREMENTS:
Bachelor s degree in finance Economics Accounting Mathematics or a related
field with proven experience in risk quantification and assessment preferably
within a corporate or regulatory environment.
Minimum experience level
Minimum of 8 years of experience in Finance or Risk Management
Diverse/multicultural business industry (obtained from medium to large organisation)
Multinational company
Energy and utility sector preferred
Bachelor s degree in finance Economics Accounting Mathematics or a related
field with proven experience in risk quantification and assessment preferably
within a corporate or regulatory environment.
Minimum experience level
Minimum of 8 years of experience in Finance or Risk Management
Diverse/multicultural business industry (obtained from medium to large organisation)
Multinational company
Energy and utility sector preferred
Jobrelated competencies and proficiency levels:
Behavioural
Organisational excellence (level 2) Intermediate
Strong analytical and problem solving (level 3) Professional
Build effective relationships (level 3) Professional
Communicate with impact (level 3) Professional
High attention to detail (level 2) Intermediate
Behavioural
Organisational excellence (level 2) Intermediate
Strong analytical and problem solving (level 3) Professional
Build effective relationships (level 3) Professional
Communicate with impact (level 3) Professional
High attention to detail (level 2) Intermediate
Technical
Financial modelling (level 3) Professional
Sensitivity Analysis (level 3) Professional
Risk Management (level 3) Professional
Financial modelling (level 3) Professional
Sensitivity Analysis (level 3) Professional
Risk Management (level 3) Professional
Employment Type
Full Time
Report This Job
Disclaimer: Drjobs.ae is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
