To set in place a Risk Management framework and optimize current Risk Management infrastructure in order to identify and manage all risks to substantiate the achievement of business objectives.
Evaluate risk management strategies to efficiently and cost-effectively manage those risks and this often involves risk financing including insurance purchase. ?
Provide hands-on development of risk models involving market, credit, and operational risk, assure controls are operating effectively, and provide research and analytical support. Help spread the risk culture and best practices in the company to reduce losses and increase productivity. ?
Designing, developing, delivering, and analyzing enterprise-wide risk reports for senior and executive-level management and the Board of Directors;
Key Duties and ResponsibilitiesKey Accountabilities
Identify risks and threats to operations and objectives and eliminate/mitigate the same.
Proactively look beyond the obvious to identify continuous improvement opportunities to gain operational and execution efficiencies.
Identify and implement corrective measures to avoid and reduce risk.
Ensure internal control oversight and compliance with laws and regulations, safeguarding of assets, & compliance with organization policies and procedures.
Develop overall policies and procedures relating to risk management in the organization.
Key Activities
Design and implement an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur.
Providing strategic and tactical support to internal stakeholders and the Board in reviewing and analyzing new businesses, transactions and processes; identifying risks and recommending solutions.
Establishing the level of risk the company is willing to take through rigorous study and analysis.
Conduct risk evaluation, which involves comparing estimated risks with criteria established by the organization such as costs, legal requirements, and environmental factors, and evaluating the previous handling of risks.
Advising or training staff at all levels on core and ongoing risk management concepts and issues.
Manages and develops a comprehensive process for assessing, identifying, monitoring, and reducing business risks that could interfere with ALJUF?s objectives and goals.
Conduct audits of policy and compliance to standards, including liaison with internal and external auditors.
Establishing enterprise risk management framework and infrastructure encompassing credit, market, liquidity, interest rate, and operational risks.
Assisting the Board of Directors in setting risk tolerance/appetite levels.
Ensures that a Risk Assessment workshop is conducted regularly, the primary objective being to update the risk register for all businesses.
Build risk awareness amongst staff by providing support and training within the company.
