Enterprise Risk Manager at ITEX Integrated Services Limited

ROLE SUMMARY

• The role holder will be responsible for developing and maintaining a risk management framework for ITEX, and monitoring risks, ensuring that they are within the approved risk appetite.

DUTIES AND RESPONSIBILITIES

• Develop a robust Enterprise Risk Management framework that will guide ITEX’s operations in the achievement of her mandate.
• Design Risk Framework Components - Enhance, build, or expand Risk Identification, Risk Scoring, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes across the Company.
• Lead ERM special projects such as corporate educational risk training, expanding risk automation tools, maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture.;
• Responsible for managing all aspects of enterprise risk, which include designing of assessment and management: policies, processes, guidelines, reports, monitoring the effective implementation of the same.
• Responsible for implementing the Company’s Risk Management Policy Framework and periodically reviewing to ensure that the Company’s key operational risks are identified, assessed, measured, controlled, and managed prudentially.
• Develop appropriate initiatives to mitigate risk exposures to the organization.
• Conduct regular stress tests on the Company and Subsidiaries’ portfolio using a simulation model to evaluate the potential impact on Capital and Liquidity Requirements.
• Conduct periodic risk assessments and prepare the respective risk profiles that facilitate monitoring of the risk component in ITEX.
• Continuously monitor the company’s risk exposure and flags / escalate any areas of concern.
• Development of risk indicators and ensuring compliance.
• Formulate new policy guidelines to manage credit, market & operational, and country risks in line with best practices.
• Establish and manage the operations of the fraud management desk
• Business Continuity Management
• Drive operational excellence through established policies, processes, and procedures
• Product review and risk assessment of new products and changes to existing products.

REQUIREMENT

• Bachelor’s degree in Accounting, Banking & Finance, Economics, Business Administration or any social sciences related discipline.
• Post graduate degree in a business-related field or management is an added advantage.
• Experience within a Risk function of a financial services company, preferably with exposure to Risk & Control Self-Assessment.
• Experience with Risk & Controls, how they are measured and assessed against risk appetite
• Preparation of risk reports
• A good understanding of financial products and solutions and the regulatory and legal environment in which they operate
• Experience of using information systems for investigation and reporting e.g. MS Excel, PowerBI and Tableau