Assistant Manager Risk & Asset Management at Stockgap Fuels Limited

Purpose of the Role

• This position will work with the Head, Risk and Asset Management to liaise with stake holders to document and assess risks in a variety of sections for the development and review of the risk management policies and procedures to mitigate threats, reduce or transfer risks and/or mitigate the effects of those which are essentially unavoidable.

Responsibilities

• Document and assess risks in a variety of sections for the development and review of the risk management policies and procedures.
• Assist in the development of Key Risk Indicators (KRIs) for identified processes, products and services.
• Assist the supervisor to plan, design and coordinate the implementation of a robust risk management process for the group, ensuring there is a system in place to identify and analyze all major risks on a regular basis
• Support business units through promotion of risk awareness, development of risk profiles, mitigation of risks and effective implementation of agreed action plans.
• Monitor and ensure compliance to established organization wide risk appetite as well as for other levels or specific business sections.
• Work with supervisor to drive the Group’s risk management, HSE, compliance objectives and strategies.
• Monitor and assess operational risk via Heat Map analysis for Risk and Control Self-Assessment (RCSA), control self-assessments and Key Risk Indicators (KRI).
• Assist to develop Business Continuity Management framework for the group.
• Conduct initial review of all contracts, MOUs, agreements and all documentation before the group commits itself and highlight the legal implications that need to be brought to the attention of the Management.
• Monitor contract compliance in line with the group policies and procedures, ensure issues are resolved and escalated when necessary.
• Assist supervisor to oversee the process of documenting and updating existing business processes across the Group.
• Perform regular checks on completeness and adequacy of business process for all company operations.
• Perform regular process risk assessment to identify emergent risks.
• Make recommendations on risk mitigating measures for company-wide processes.
• Review performance of financial service providers on a regular basis and take steps to discontinue high-risk relationships.
• Prepare recommendations for cost optimization on a regular basis and monitor implementation of such recommendations.
• Review projected and actual revenue/profit on significant transactions to ensure that they are within allowed tolerances/variances

Qualifications

• Minimum of Bachelor’s Degree Law or any Social Sciences, Humanities or a related discipline.
• Relevant professional certifications e.g. Certification in Risk Management Assurance (CRMA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA).
• A relevant postgraduate degree

Experience

• Minimum of 8 years relevant experience in risk management and reporting, out of which 3 years must have been in an insurance company
• Experience in financial services, specifically operations or audit
• Knowledge of operational risk best practices
• Good knowledge of operational risk measurement methodologies
• Environmental / Industry Analysis
• Knowledge of Investment / Portfolio Management, Assets & Liabilities Management and Financial analysis / interpretation will be an added advantage.

Competencies

• Excellent verbal & written communication skills
• Industry and business knowledge
• Business Acumen
• Analytical skills
• Leadership skills
• Organizational skills
• Data Analysis skills
• Adaptability skills
• Problem Solving skills