Risk Officer at Food Concepts Plc

Department: Shared Services
Reporting to: Compliance Manager
Direct Reports: Risk Control Intern

Job Purpose

• To ensure the development and implementation of risk policies and procedures in the organization.

Core Responsibilities and Key Result Areas
Risk Assessment & Monitoring:

• Collaborate with relevant teams to identify, assess, and quantify operational and compliance risks.
• Maintain and regularly update the organization’s risk register on a weekly and monthly basis.
• Track the implementation of risk mitigation strategies and validate outcomes.
• Recommend improvements to internal processes to enhance control effectiveness.
• Assist in the investigation of fraud, inefficiencies, and other anomalies, providing actionable recommendations.

Compliance & Internal Controls:

• Participate in the design and implementation of internal control processes to mitigate identified risks.
• Monitor compliance with internal policies, regulatory obligations, and risk standards.
• Conduct internal reviews to ensure adherence to risk management protocols.
• Identify and report emerging risks and control gaps with recommended mitigation strategies.

Key Performance Indicators

• Accuracy and timeliness of risk register updates
• Effectiveness of implemented risk controls.
• Number and quality of process improvement recommendations
• Compliance level with regulatory and internal risk policies

Job Specifications

Educational Requirements:

• A good first degree in Law, Finance, Accounting, or any other related areas

Professional Requirements:

• Membership of the ICAN, ACCA or any other related professional qualification is an added advantage

Experience Requirements:

• Minimum of 2 years work experience in an administrative capacity in a similar industry / environment

Knowledge Requirements:

• Knowledge of legislations, its changes and developments as they affect the Food Industry,
• Knowledge of Fundamentals of Accounting
• Knowledge of Risk & Compliance standards or processes
• Knowledge of legal standards and in-house policies
• Knowledge of reporting procedures and record keeping
• Knowledge of the QSR/Food Industry practices Good interpersonal, communications and flexibility

Decision Expectations

• Recommend business improvement opportunities
• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities
• Assist in risk minimization

Working Conditions:

• Jobholder typically work 40 hours per week, Monday to Friday, although there may involve weekend or evening work.
• This role is largely office-based, although at times the individual may require travel to meetings held off-site, as the company has more than one office.
• The role requires precision and attention to detail, as it involves managing risks.