Team Lead, Enterprise Risk Management at Fosad Consulting

Roles Responsibilities:

• Design and develop innovative approaches to managing significant business risks effectively and efficiently.
• Serve as an enterprise risk subject matter expert to the business.
• Develop others' understanding of enterprise risk management through thought leadership, mentoring, and coaching.
• Provide policies and guidance to the business to help them understand how risks arise and what tools and techniques should be used to mitigate those risks.
• Report recommendations for improvements based on systematic analyses of information at agreed intervals.
• Interpret and translate financial information to drive strategic business decisions while monitoring risk.
• Review outputs of financial analyses to develop views and guide senior leadership in decision-making.
• Work with business stakeholders to create and help implement controls efficiently in complex environments.
• Champion proactive governance and internal control assessments while interacting with business stakeholders
• Provide advice on best practices and foresees the impact of changes in regulations, policies, and procedures.
• Assist in the development and implementation of corporate governance frameworks.
• Perform tests to identify instances of fraud.
• Interpret relevant legislation and regulations, legal documents, standards, and codes of practice relevant to the business units and their implications.
• Ensure monitoring and reporting of non-compliance events.

What We Are Looking For:

• Minimum of seven (7) years working experience in the financial services sector
• Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or Legal (Master’s Degree is an additional advantage)
• Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)
• Knowledge and experience in risk functions including enterprise, liquidity, etc and a broad understanding of the regulatory environment and compliance issues.
• Demonstrates ability to interpret facts, patterns, and trends to reach evidence-based decisions on the nature of risks and opportunities.
• Demonstrates understanding of different report types that are available and what is required for various stakeholders.
• Demonstrates understanding of the financial reporting process and risk standards.
• Understands and is familiar with regulations and associated company policies related to internal controls and governance.
• Aware of areas of high fraud risk (e.g., procurement, contracts, payments).
• Decision making skills.

Key Performance Indicators:

• Regulatory compliance by the company.
• % of compliance issues opened
• % of outstanding post-audit issues
• % of internal audits completed on-time
• % of strategic risks mitigated
• Quality of risk management framework and recommendations
• Internal compliance with standard operating procedures.
• Number of risks identified in financial and operating systems
• Accuracy of Risk Reports on Operational, credit and business Risks across the units.
• Business Environment Analysis.