Head of Corporate Risk Management

Job Description

RM aspects of the company business strategy and objectives:?

• Contribute to the definition of the Group strategy by providing the key Risk Management-related inputs
• Set the objectives for the Risk Management enabling function according to the Group?s strategic plan (medium-term plan), for approval by the MC
• Elaborate the annual budget for the Risk Management enabling function (CAPEX / OPEX / KPIs) and monitor the performance of the function, for approval by the MC

Organization of the RM function and its resources:?

• Define the structure, the roles, and the responsibilities for Risk Management activities to be performed across the whole organization, for approval by the MC
• Determine the required profiles, staffing, JD, KPIs for Risk Management across the whole organization
• Supervise the appointment of the ?risk owners? and ?risk champions? and ensure consistency
• ?Manage the ?risk champions? network
• Define the overall Governance for Risk Management and the role of the various Governance bodies in the process, for approval by the MC

Risk management starting points and approach:?

• Support the MC in defining the strategic objectives of the organization against which the risks will be assessed, for approval by the Board
• Define and formalize, together with the MC, the risk appetite (thresholds, golden rules, tolerance?) of the organization, for approval by the Board
• Define and document the global approach, processes, procedures, and tools to be used for risk management across the organization (corporate level, regions, projects, assets, etc.).

Enterprise Risk Management process at the corporate level:?

• Support the risk owners at the corporate level (enabling functions and BUs) in assuming responsibility for managing the risks for which they are accountable by defining the parameters that the organization must consider to manage its risks
• Institute controls required to ensure consistency in the approach to risk management at all levels
• Ensure smooth RM reporting and, where needed, escalation to the next level
• Keep the governance bodies informed about the results of risks management

Risk Management process at project and asset level:

• Support the risk owners at the Regional, PC, and O&M company level in assuming responsibility for managing the risks for which they are accountable by defining the parameters that the organization must consider managing its risks
• Support the risk champions in the field who facilitate the process
• Institute controls required to ensure consistency in the approach to risk management at all levels
• Ensure smooth RM reporting and, where needed, escalation to the next level
• Keep the governance bodies informed about the results of risks management

The flow of risk-related information from/to other enabling functions:

• Ensure the flow of risk-related information from/to other enabling functions (and the other ?assurance? functions in particular) and BUs, using the risk register and the risk assessments as a common basis for the work to be done
• Liaise with IA about a risk-based Internal Audit Plan and process
• Liaise with Internal Control about the effectiveness of controls and process-level risks
• Liaise with Compliance about risks to be flagged
• Liaise with Finance, about the financial evaluation of certain risks and risk provisions
• Liaise with Insurance about coverage and its limitations
• Liaise with Technical, PM, and O&M about lessons learned as input into risks in BD, projects, and assets
• Liaise with IC support in anticipation of the submission of investment files to the IC and/or Board

Keyskills :