Enterprise Risk Manager

Durpro Workforce Solutions; Durban; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading firm in the Retail industry is seeking an experienced Enterprise Risk Manager to join its team in Durban. This role involves leading the identification, assessment, and mitigation of enterprise risks, formulating policies, and ensuring compliance with regulations. The ideal candidate will have over 10 years of experience in senior management, particularly within Retail or Financial Services, and demonstrate excellent analytical and interpersonal skills. The role is crucial for driving risk governance and maintaining the organisation's financial stability.

Qualifications

• 10 years experience in Retail/Manufacturing or Financial Services at senior management level.
• Demonstrable exposure to Executive and Board level risk governance.
• Experience in implementing relevant Risk Frameworks such as ISO 31000/COSO.

Responsibilities

• Lead and manage the company's enterprise risks.
• Formulate enterprise-level risk policy and integrate strategic risk.
• Develop a risk culture and implement risk indicators.

Skills

Excellent analytical and problem-solving capability

Collaborative and influential

Good business analysis skills

Excellent communication skills

Ability to work efficiently under pressure

Education

Bachelor’s degree or NQF Level 7 Diploma in commerce related field

CA(SA), CIA, Risk Management or equivalent certification

Job description

Our client a leader in the Retail industry is seeking a highly experienced Enterprise Risk Manager to join their team based in Durban.

MINIMUM REQUIREMENTS

• Bachelor’s degree or NQF Level 7 Diploma in a commerce related field (e.g. Finance, Accounting, Audit).
• CA(SA), CIA, Risk Management, or equivalent certification advantageous.
• 10 years experience in Retail/Manufacturing or Financial Services at senior management level.
• Demonstrable exposure to Executive and Board level risk governance and strategic decision support/enablement.
• Experience in risk governance and reporting, business continuity management and ERM framework.
• Experience in implementing relevant Risk Frameworks such as ISO 31000/COSO.
• Engagement with diverse, external international stakeholders in managing enterprise Risk.
• Applicable legislation on a global scale.
• Financial planning, analysis, and reporting.
• The ideal applicant will satisfy the following skills requirements:
• Excellent analytical and problem-solving capability.
• Must be collaborative, influential, and rational.
• Good business analysis skills and customer orientated.
• Precise planning and excellent organisational/administration skills.
• Quality orientated and self-driven to achieve results.
• Must have a high stress tolerance and the ability to work efficiently under pressure.
• Excellent communication, presentation, and interpersonal skills.

MAIN JOB FUNCTIONS

• Accountable for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the companies enterprise Risks.
• Responsible for enterprise-level risk policy formulation, risk appetite articulation, and strategic risk integration into Group planning, capital allocation, and major investment decisions.
• Formulate an ERM framework and supporting policies and procedures for the company.
• Develop a risk culture for the company by driving risk related activities and the risk response for the organisation.
• Design and implement Key Risk Indicators for senior management to guide and support decision making for the company.

Enterprise Risk Management

• Risk assessment and identification:
• Responsible for identifying, assessing, and mitigating risks, opportunities and threats to the achievement of the business's strategic objectives.
• Play a crucial role in ensuring the organisation's financial stability and sustainability.
• Conduct comprehensive risk opportunity to identify and analyse potential risks related to operations.
• Create risk heat maps or matrices to categorise and prioritise risks based on likelihood and potential impact.
• Responsible for the establishment and implementation of a risk and compliance framework, to effectively manage all risk exposures that pose an internal/external threat.
• Risk mitigation strategies:
• Provide executive advisory on the risk-return implications of strategic options, including capital deployment, market expansion, supplier concentration, regulatory exposure, and sustainability risks.
• Responsible for effective risk appetite and tolerance setting, measurement, and reporting.
• Recommend strategies, derivatives, and other financial instruments to protect against adverse movements in interest rates, foreign exchange rates, commodities, etc.
• Evaluate insurance policies and contractual terms to transfer or mitigate specific risks.
• Optimise capital allocation and liquidity management strategies to ensure sufficient reserves to withstand potential financial shocks.
• Work with Finance to oversee and provide active management of the Company’s credit risk analysis/underwriting.
• Risk Monitoring and Reporting and Combined Assurance:
• Design and govern the Group’s combined assurance model, determining assurance reliance, assurance sequencing, and executive assurance confidence for Board committees.
• Prepare regular risk reports and presentations for senior management and stakeholders, highlighting key risk metrics, trends, and potential impacts on financial performance.
• Develop and maintain risk dashboards and regular risk reports for senior management and stakeholders, summarising risk exposure, trends, and mitigation efforts.

Crisis Management and Contingency Planning

• Responsible for organisational resilience strategy, ensuring executive preparedness for low-probability, high-impact events that may threaten the
• Group’s operational capability.
• Develop contingency plans and procedures to address potential crises or emergencies.
• Ensure the organisation has robust business continuity plans in place to mitigate disruptions caused by financial crises or external shocks.

Regulation and Compliance

• Ensure compliance with internal processes and policies, applicable laws and regulations, across the organisation. This role requires a deep understanding of financial markets, instruments, and regulatory requirements to effectively mitigate risk and ensure the organisation's financial stability.
• Collaborate with compliance officers and legal teams to interpret regulatory requirements and implement necessary changes to mitigate compliance risks.
• Coordinate with internal and external auditors to facilitate audits related to financial risk management practices and regulatory compliance.

Stakeholder Relationship Management

• Collaborate with Distribution Centres’ Risk Champions and Functional Risk Champions to manage risk holistically and timeously with their teams.
• Represent the company at industry level, including liaising with governmental departments and relevant industry organisations.
• Build strong stakeholder relationships with risk champions for buy-in and commitment, to ensure that applicable best practice is implemented and to ensure understanding of their business needs and requirements