Business Process & Risk Controller at WTS Energy

Purpose Statements
Under the direct supervision of the Group Head - Finance, the Manager, Group Risk Management and Control is:

Risk Management:

• To develop a Risk Management Charter, Policies and Procedures (Including credit, Market and liquidity risk policies and procedures).
• To support business units in identifying, assessing, documenting and implementing risk and compliance management processes
• To review policies and procedures, conduct awareness campaigns, develop group risk identification and annual assessment plans and monitor and control identified risks.
• To consolidate risks identified across the group and update and maintain a risk register
• To coordinate risk documentation, evaluation, and monitoring with the aim of minimizing operational and financial loss across the group.
• To provide expert knowledge on financial risk and management of those risks
• To develop key risk indicators at the Plc level and guide the subsidiaries Risk Advisors on same. Ensure consistency of approach.
• To assist the Group Head – Finance report to the Management Committee at least quarterly on business risk and compliance issues
• To facilitate the periodic Group Risk Management and Control meetings.

Internal Controls:

• To keep abreast of factors in the internal and external environment that may affect the achievement of Comapny`s’s strategic goals and objectives.
• T0 maintain and review Group’s Internal Control Framework.
• To drive the periodic/annual review of Group policies and procedures manuals
• To ensure the development, implementation, maintenance and continued renewing of a best practice internal control environment.
• To ensure all changes to procedures and controls inherent in the business are documented and, ensure standardization across the Group.
• To work with subsidiary companies to assess internal control, perform effectiveness test over processes and recommend solutions to issues arising from control review and ensure execution of remediation plans.
• Review assurance reports by external auditors/assessors to identify control references and assist in redesigning controls.
• To ensure the timely reporting of all issues noted to the Group Head – Finance

Supervision of Risk Advisors and Subsidiaries

• Monitor and review the activities of the risk management managers/risk & control advisors of the Group’s subsidiaries.
• Plan and supervise work to be carried out by Risk and Control advisors

Deliverables:

• Risk management charter and, Policy and Process manuals
• Periodic/Annual Risk and compliance reports.
• Operational audit reports.
• Up to date Risk Register.

Minimum Education and Qualifications

• A University Degree and preferably a qualified Chartered Accountant with a minimum of 5 years post qualification experience.

Knowledge/Skills:

• Process documentation skills
• Good knowledge of Internal Control Processes, and Risk Management
• Good knowledge of the regulatory environment and developments
• Strong personality with good organization skills.
• The ability to build, and maintain excellent working relationships with all levels of management.
• Excellent oral and written communication skills, organizational and time management skills and the ability to prioritize work
• Analytical thinker.