Assistant Manager for Risk Management

JOB SUMMARY The Assistant Manager for Risk Management plays a vital role in supporting the development, implementation, and enhancement of the company's risk management frameworks and strategies. This position oversees critical processes including Enterprise Risk Management (ERM), Business Continuity Planning (BCP), Crisis Management (CM), and Insurance. Additionally, they manage various risk reporting mechanisms, such as Risk and Loss Events (RLE), Risk and Control Self-Assessment (RACSA), and Information Technology Risk Assessment (ITRA). This individual will collaborate closely with Heads of Departments and Risk Champions to ensure the effective execution of risk management protocols. They will be responsible for offering strategic solutions to mitigate and manage risks, and for providing regular updates on progress and challenges to the Head of Risk Management. Other assigned duties will be undertaken as needed to support the team and management.RESPONSIBILITIES Enterprise Risk Management: Design, implement, manage, and improve the organization's risk management policies, processes, and systems. Identify, assess, and prioritize risks across the organization and propose mitigation plans. Ensure all risk analyses and reports are thoroughly reviewed for accuracy, comprehensiveness, and actionable insights, with clear alignment to RM framework and existing controls. Deliver meaningful recommendations that address potential, actual, and emerging risks and stakeholder expectations while supporting the HOD in driving a proactive risk culture across the organization. Business Continuity Planning: Develop and maintain BCP policies to minimize disruptions during unforeseen events. Perform in-depth reviews of risk and impact assessments, ensure the efficient execution of simulations and drills. Crisis Management (CM): Work with Safety and Security, Corporate Communications, and other key departments involved in CM to plan and coordinate response efforts for potential and actual crises. Communicate effectively with stakeholders during crisis situations. Insurance: Manage the organization's insurance programs, including policy renewals, claims processing, and evaluations. Recommend strategic approaches to optimize insurance coverage, ensuring alignment with organizational objectives and risk mitigation strategies. Prepare Terms of Reference for renewing insurance policies based on expiring terms. Review and create a comparative analysis of proposals to ensure alignment with the Terms of Reference and expiring policies. Thoroughly review the Conforme for attachment to the CDRF/Kissflow for authorized signatures. Review the draft insurance policy for consistency and alignment with expiring policies to maintain/update coverage. Administrative Function: Assist in strategic planning, departmental decision-making, and overall RM function. Provide actionable insights and prepare RM reports for HOD (RM) and executive reviews. Develop a well-organized and detailed budget draft that aligns with organizational goals, priorities, and ensuring accuracy and adequacy before submission to the HOD for review and approval. Prepare the department's annual plan, ensuring it includes a comprehensive analysis comparing prior targets with actual outcomes, and aligns with the strategic objectives set forth by the leadership. Manage/oversee compliance in all administrative tasks, outputs of support staff, including record-keeping, report preparation, and internal/external coordination to support the HOD and department's core function and strategic initiatives. Extend knowledge to the junior staff to improve their outputs and competency. QUALIFICATIONS Education: Degree Holder (Accountancy, Economics, Business Administration/Finance-related fields, Economics) | Relevant risk management experience may be considered. Experience: Minimum 3-5 years of supervisory experience in Risk Management (ERM, BCM, CM, Insurance) Business Understanding: Risk Management Frameworks/Standards (e.g. COSO Framework, ISO 31000) – Design, implementation, and improvement Operational, financial, reputational, regulatory , and other relevant risks to the organization Awareness of relevant Laws, Regulations, and Industry Standards #J-18808-Ljbffr