Head of Enterprise Risk Management at Somanda Consulting

Description:

A mining company situated in Abuja is seeking to fill the position with details below:

JOB DESCRIPTION FOR HEAD OF UNIT ENTERPRISE RISK MANAGEMENT

Responsibilities:

• Establishment of a formal risk management framework for the company.
• Oversee the overall management of the unit, develop the unit’s budget, develop the department scorecard and cascade to individual KPI’s for all staff in the team.
• Ensure that adequate policies and controls are in place to manage the adverse effects of both business and control risks in the company’s operations.
• Evaluate along with the Head of Corporate Strategy Planning and Compliance (CSPC), the adequacy of the company’s risk management system and control environment.
• Review the processes for accessing and improving controls for the management of risk in the company.
• Ensure the company’s information security policies, business continuity, management and disaster recovery plans are comprehensive and adequate.
• Monitor compliance with established policies through periodic through periodic review of reports provided by management, statutory auditors, and the supervisory authorities.
• Review reports on the company’s risk profile, the action plans in place to manage key risks, and monitor progress against plan to achieve this actions.
• Review and obtain approval for the company’s risk management policy including risk appetite and risk strategy.
• Oversee management’s process for the identification of significant risks across the company and the adequacy of prevention, detection and reporting mechanisms.
• Review the company’s compliance level with applicable laws and regulatory requirements that may impact the company’s risk profile.
• Periodically review changes in the economic and business environment, including emerging trends and other factors relevant to the company’s risk profile.
• Perform other duties and functions as assigned by the Executive Management.
• Report to the Group Head, Corporate Strategy, Planning, and Compliance.

JOB REQUIREMENTS:

• Bachelor's degree in Accounting or any related field.
• At least 5 years related experience in a financial institution, including an emphasis on risk, project management, and problem-solving.
• Must have strong written skills, communication skills, and possess the ability to building trust and relationships with senior executives. This diversified position requires a strong ability to multi-task.
• Strong analytical, problem-solving, and decision-making skills to effectively understand and resolve complex strategies and issues.
• Must have good interpersonal skills and the ability to interact with employees at all levels of responsibility within the organization.