Director – Enterprise Risk Management

Director – Enterprise Risk Management

1. • Directs the alignment of the Division’s corporate/operational plans and budget with the Agency’s strategic objectives and priority programmes;
   • Maintains mechanisms to effectively coordinate the alignment of plans, programmes and projects of the Agency in order to ensure a cohesive and complimentary execution of policy and programme initiatives;
   • Participates in and coordinates the development of the strategic direction of the Agency;
   • Oversees and ensures full cooperation and participation of the Division’s staff in collaborating with other Divisions to faciltate the seamless delivery of service and or execution of inter-division programmes;
   • Prepares and submits performance and other reports relating to the achievement of targets for the Division as required and ensures timely submission of all documents/information requested or in accordance with Service Level Agreements;
   • Establishes and maintains quality customer service principles, standards and measurements for the Division; 
   • Develops Individual Work Plan based on strategic alignment with the Agency’s Strategic Business and Operational Plans;
   • Establishes and maintains various Enterprise Risk Management Committees that acts as an oversight and approval mechanisms, as well as makes recommendations for the implementation of improved procedures and systems;
   • Represents NEPA at meetings, conferences and other fora as needed.
   • Reviews and prepares response to internal and external audit reports on the Division and directs the implemetation of accepted recommendations;

    B.  Technical/ Professional Responsibilities

   • Establishes, implements and leads NEPA’s enterprise risk management plan, policy and strategy;
   • Guides the development and implementation of a risk-based performance management framework to achieve the ultimate mission of NEPA;
   • Develops mechanisms to identify, assess and evaluate risk to enable the execution of the enterprise risk management strategy;
   • Identifies legal, regulatory and contractual requirements and organizational policies and standards related to NEPA’s operations to determine their potential impact on the business objectives;
   • Assembles and analyses risk scenarios to determine the likelihood and impact of significant events to NEPA’s business objectives;
   • Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership;
   • Validates risk appetite and tolerance with senior leadership and key stakeholders to ensure alignment;
   • Identifies and evaluates risk response options and provides Executive Management with information to enable risk response decisions;
   • Approves and leads implementation of programmes designed to anticipate and to minimize threats to NEPA;
   • Evaluates, monitors and reports on divisional performance to improve the NEPA’s risk profile;
   • Provides strategic advice and guidance on the enterprise risk management;
   • Develops and implements mechanisms to support the Executive Management team on embedding a risk management planning and risk aware culture;
   • Establishes and quantify NEPA’s risk appetite and ensure risk approach adheres accordingly;
   • Identifies and detects potential threats to brand reputation, financial sustainability, operational efficiency, workforce investments and safety to fully develop a shared understanding for NEPA’s risk exposure;
   • Establishes and implements a Strategic and Operational Risk Register to record, rate, monitor and report risk;
   • Oversees the conduct of regular risk assessments and preparation of all documentation related to risk assessment, and reviews of standard operating procedures ensuring that recommended improvements are fully implemented;
   • Produces regular risk analysis reports to the CEO  and Senior Executives, complete with actionable plans for avoidance or prevention of possible threats at all levels;
   • Drives initiatives that support enhanced efficiency and effectiveness in all Risk processes;
   • Reviews risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy;
   • Collects and validates data that measure Key Risk Indicators (KRIs) to monitor and communicate their status to relevant stakeholders;
   • Monitors and communicates Key Risk Indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process;
   • Facilitates independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively;
   • Identifies and reports on risk, including compliance, to initiate corrective action and meet business and regulatory requirements;
   • Regularly reviews and assesses the Risk Management Policy, Strategic and Operational Risk Registers to ensure regulatory compliance and effective risk management is maintained;
   • Develops, implement and maintains insurance strategies and financing techniques to appropriately deal with any unanticipated losses;
   • Keeps Senior Executives informed of regulatory, legislative and best practices changes and their obligations under these changes, as well as how they impact NEPA;
   • Works closely with key stakeholders to understand the business requirement for projects;
   • Designs and delivers training and presentations at workshops, seminars and other meetings, to further an understanding of the basics of risk management;
   • Guides the development and implementation risk responses to ensure that risk factors and events are addressed in a cost-effective manner and in line with business objectives.

    

   C. Human Resource Responsibilities

   • Provides leadership and guidance through effective planning, delegation, communication, training, mentoring and coaching;
   • Evaluates and monitors the performance of staff in the Division and implements appropriate performance improvement strategies where applicable;
   • Coordinates the development of individual work plans and recommends performance targets for the staff assigned;
   • Participates in the recruitment and knowledge transfer/training of staff of the Agency;
   • Recommends succession initiatives, transfer, promotion and leave in accordance with established Human Resource Policies and Procedures;
   • Identifies skills/competencies gaps and contributes to the development and succession planning for the Division to ensure adequate staff capacity;
   • Monitors the performance of staff and facilitates the timely and accurate completion of the staff annual performance appraisals and other periodic reviews;
   • Ensures the well - being of staff supervised;
   • Effects disciplinary measures in keeping with established guidelines/practices.

    D.  Other Responsibilities

   • Performs all other related duties and functions as may be required from time to time.

    

Required Competencies

• Sound understanding of enterprise risk management frameworks and tools
• Must be able to demonstrate a broad technical knowledge and expertise covering conduct of business matters, corporate governance matters and regulatory risk and regulatory change matters
• Practical and commercial approach to problem solving
• Sound understanding of Research Methodology
• Knowledge of the principles of public sector management
• Sound knowledge of Government policy formulation, monitoring and evaluation processes
• Ability to exercise sound judgment and conviction of purpose in unfavourable or unpopular situations
• Excellent capability to track policies/programmes/project benefits realisation and lessons learnt activities to feed into on-going improvements
• Ability to monitor and report on programme/project budgets
• Demonstrates sound personal and professional integrity, reflecting high ethical and moral values
• Advanced IT skills in relation to Word, PowerPoint, Excel and MS Project or other project tool

Minimum Required Education and Experience

• Master’s Degree in Risk Management, Management Studies, Public Administration, Business Administration or a related discipline;
• Specialized training in Risk Management;
• Three (3) years related experience, with at least two (2) years in a Risk Management role.

OR

• Bachelor’s Degree in Risk Management, Management Studies, Public Administration, Business Administration or a related discipline;
• Specialized training in Risk Management;
• Five (5) years related experience, with at least three (3) years in a Risk Management role.

Salary Range: $6,333,301.00 - $8,517,586.00 per annum