Risk Management Specialist

Overview:

Develop, maintain, and improve an internationally recognized risk management system to identify, assess, treat, communicate, monitor, and evaluate the full range of operational risks.

Key Responsibilities:

• Recommend, gain approval for and implement a risk management philosophy which encourages all employees to consider the risk dimensions of their actions and hence safeguard the environment mandate, people, assets, and reputation.
• Ensure that the approach to risk management, which takes account of risk appetite and risk tolerance, is aligned with its strategic objectives so that the company does not compromise its viability in the pursuit of achievement of its vision, mission and goals.
• Lead the development of a common risk management language and terminologies in order to facilitate the smooth flow of risk management engagement.
• Develop, implement and maintain an effective Enterprise Risk Management (ERM) system by adopting standard practices in order to ensure it has a robust framework for identifying, assessing and treating risks.
• Lead the application of ERM discipline and act as a reference point on all risk management matters in order to ensure compliance with the established system.
• Lead and provide guidance to the Corporate Management Representative support in the preparation of presentations and materials, so that the CMR is well positioned and prepared to report to management of risk management-related matters.
• Lead the ongoing identification and categorization of the risks by a systematic method the scope of which should include all classic categories as well as customized categories to facilitate risk assessment.
• Lead the implementation of appropriate risk assessment techniques and tools applying both qualitative and quantitative methods to ensure the provision of accurate risk assessment results.
• React immediately to reports of significant risks arising from circumstances to develop the necessary controls in coordination with the risk owners and reduce the risk threat.
• Lead the organization and implementation of a scheduled risk assessment cycle to examine the “Universe of Hazards” and assess the significance and seriousness of the identified risks.
• Provide generic guidance to risk owners on the development, maintenance, and monitoring of effective and adequate risk reduction controls to ensure that the risk exposure is controlled and managed.
• Support risk owners with the development of risk reduction plans which reduce the risk to a level the Executive Leadership deem acceptable.
• Offer scheduled and unscheduled risk management reports which highlight the direction of risk reduction control measures.
• Lead the development of benchmarking and research studies against internationally renowned organisations related to risk management and keep the executive management abreast of the latest development in the field of risk management to ensure that the leadership is continuously informed of leading best practices.
• Perform any other duties as requested by the reporting manager.