Risk Manager

Roles and responsibilities

Key Accountabilities:

Risk Management

• Establish an integrated risk structure to enable risk-based decision-making.
• Establish and implement a comprehensive ERM Framework for the Group ensuring that it is adequate for proactive risk management and embeds ERM culture across the Group.
• Facilitate the determination of the Group’s Risk Appetite and Risk Tolerance levels for all critical risks.
• Create a Risk profile to ensure board and executive management remain updated with the risk posture of the organization.
• Conduct risk assessments to identify, prioritize, and quantify risks faced by the group and develop Key Risk Indicators (KRIs).
• Assist and facilitate management in developing risk mitigation strategies with independent and objective feedback on business plans and initiatives to manage and mitigate risks.
• Monitor mitigation action plans, Risk Tolerance levels, and KRIs and report to the Head of Risk and Governance for onward reporting to the Risk Management Committee, Executive Management, and the Board.
• Establish and implement a comprehensive Fraud Prevention and Management Framework / Policy for the group ensuring that it is adequate for proactive fraud risk awareness and fraud prevention culture is embedded across the Group.
• Conducting fraud risk assessments to identify fraud scenarios, and developing/mapping internal controls to address such scenarios.
• Develop BCM Framework (KPI).
• Perform Risk Strategic, Project, and Operational Assessments (KPI).
• Develop an ICFR Checklist and Prepare a report against their compliance. (KPI)
• Validating key decision-making assumptions/methodologies and compliance with the Group’s risk appetite about new initiatives and projects including continuous risk review and reporting on strategic projects.
• Maintain Risk Register (KPI).

Compliance:

• Design a program to comply with laws such as privacy, sanctions, and other relevant laws.
• Provide Sanction support and perform compliance and prepare compliance report (KPI).
• Development of compliance framework.
• Develop a Register of applicable laws (KPI).
• Ensure compliance with various laws (KPI).
• Prepare a report for the ADQ Risk and Compliance function (KPI).
• Implementation and maintenance of a log of compliance policies such as Conflict of Interest, Insider Trading, Anti Money Laundering, Sanctions, Whistle blow, mechanisms, Code of Conduct, etc.

Functional Knowledge

• Hands-on on COSO framework, Compliance Management,
• Relevant experience in risk management and internal controls.
• Excellent understanding of applicable corporate governance regulations and codes.
• Exposure to and understanding of the Group’s business value chain/industry dynamics.
• Strong analytical, critical thinking, and problem-solving abilities
• Sound understanding and appreciation of financial function operations

Experience

Minimum 10 - 12 years of experience in Enterprise Risk Management and/or Corporate Compliance

Education

• Bachelors in any discipline preferably in management or accounting, Company Secretary, Chartered Accountant, MBA, Engineering, etc.
• Desirable risk and governance certifications like CRISC, CGEIT.

Desired candidate profile

As a Risk Compliance Manager, you'll be responsible for ensuring that an organization adheres to regulatory requirements and internal policies, while effectively managing risks. Here are key skills and qualifications essential for this role:

1. Regulatory Knowledge: Strong understanding of relevant laws, regulations, and industry standards (e.g., GDPR, HIPAA, ISO standards) that impact the organization.

2. Risk Assessment: Proficiency in identifying, assessing, and mitigating risks across various functions within the organization.

3. Policy Development: Experience in developing and implementing compliance policies and procedures to ensure adherence to regulations.

4. Analytical Skills: Ability to analyze data and reports to identify trends, gaps, and areas of concern related to compliance and risk management.

5. Communication Skills: Excellent verbal and written communication to effectively convey compliance requirements and risk management strategies to stakeholders at all levels.

6. Training and Awareness: Skills in developing and delivering training programs to educate employees about compliance policies and risk management practices.

7. Audit and Monitoring: Experience in conducting compliance audits, assessments, and monitoring activities to ensure adherence to policies and regulations.

8. Problem-Solving Skills: Strong analytical abilities to address compliance issues and develop practical solutions.

9. Collaboration: Ability to work closely with cross-functional teams, including legal, finance, and operations, to ensure a cohesive approach to risk and compliance.

10. Attention to Detail: Meticulous focus on detail to ensure accuracy in compliance documentation and reporting.

11. Project Management: Skills in managing compliance-related projects, including timelines, resources, and stakeholder engagement.

12. Continuous Improvement: Commitment to evaluating and enhancing compliance processes based on industry best practices and emerging trends.