Senior Risk Associate at ARM Hold Co.

Location: Ikoyi, Lagos

Description
Main Responsibilities:

• Determine the nature and extent of exposure to external, strategic and operational risks and appropriately manage the Group’s risk within its risk appetite.
• Pre appraise projects for viability and reasonableness.
• Ongoing liquidity and solvency monitoring and ensuring all borrowing covenants are adhered to.
• Formulate relevant policies to ensure effective management of risks across the Group.
• Identify principal risks, aggregate various risk exposures and maintain a comprehensive risk register for the Group. Identify actions to mitigate such risks.
• Identify reasonably foreseeable internal and external threats and any actions required
• Identify qualitative and quantifiable key risk indicators and evaluate, mitigate, monitor and report on key risk indicators regularly to CRO.
• Review, update and ensure adherence to the company’s risk appetite across the group
• Ensure direct delivery of strategic actions in line with risk appetite and parameters
• Report on current and emerging risks at individual business unit and project levels
• Implement risk mitigation plan developed at the corporate level
• Keep abreast of country legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with Head of Audit and Risk and relevant country departments.
• Conduct periodic training workshops for in-country staff to promote awareness of governance, risk management, and internal controls.

Deliverables:

• Risk Register
• Risk reports
• Policy documents

Time Allocation:

• Technical (90%)
• Administrative (10%)

KPIs:

• Regular and comprehensive risk reports (25%) Up-to-date risk register (25%)
• Number of implemented opportunities for improvement (OFI) vs. number of raised opportunities for improvement during internal and external audits (15%)
• Percentage of business services in the country not covered by risk analysis (10%)
• Savings generated and costs avoided associated with identified audit issues (5%)
• Overall corporate performance (10%)
• Feedback – The annual average rating from 360-degree surveys launched (10%).

Requirements

• Undergraduate degree (or equivalent) in accounting or business-related discipline
• Professional accounting Internal Audit or risk management qualification 5- 8 years professional experience, 5 years’ experience in similar role

Skills:

• Thorough understanding of the principles and application of risk management techniques, business and operational risk and control processes and procedures
• Knowledgeable, skilful and experienced about Risk Management Knowledgeable about operating properties.
• Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
• Good planning/project management skills
• Exceptional negotiation, problem-solving and analytical skills
• Superior communication skills, both verbal and oral
• Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them.