Head, Risk Management & Control at KPMG

Ref No: TFMD003

Job Description
Reporting to the MD/CEO, the successful candidate will be responsible for examining, analysing and determining the risk and internal control status of the business as required by FMDQ’s operational policies.

Key Responsibilities
Strategic

    Develop the risk management and control requirements of FMDQ
    Develop, implement, and review an enterprise- wide risk management framework as well as continual surveillance of activities and decisions that may materially affect the risk profile of FMDQ

Operational

    Plan, design and implement an overall risk process for FMDQ and ensure the organisation’s risk management policies and strategies are in compliance with applicable SEC regulations and strategic imperatives of FMDQ
    Develop and implement risk-assessment models and methodologies
    Risk assessment, including analysing risks as well as identifying, describing and estimating the risks affecting FMDQ
    Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputation to the business, customer bases, or industry segments
    Device systems, key risk indicators, key performance indicators and processes to monitor validity of risk modeling outputs
    Define risk assessment criteria for engaging new members as well as analyse and monitor any risk in the trading activities of existing members
    Be responsible for insurance and business continuity planning activities of FMDQ
    Identify and analyse areas of potential risk to the assets, earning capacity, or success of FMDQ
    Document and ensure communication of key risks to the appropriate Board committee
    Provide support, education and training to staff to build risk awareness culture within FMDQ
    Conduct formal reporting of Internal Control deficiencies and advice Management on approaches to remediate such deficiencies and other related control
    Identify, design and test internal controls to mirror compliance with regulatory and internal policy requirements

Qualifications and Experience

    First degree in any discipline
    Postgraduate degree or professional qualification will be desirable
    Ten (10) to twelve (12) years’ prior enterprise risk management, operational risk, audit or corporate governance experience at a fairly senior level in the financial services sector is required
    Knowledge of financial instruments and markets is key

Competency and Skills Requirement

    Proactive and self-motivated with excellent communication, facilitation and influencing skills
    Ability to anticipate issues, identity solutions and provide clear guidance to Board and Management to enable it meet its corporate governance obligations
    Sound business ethics and willingness to take an unpopular stand