Risk Management Analyst
Dangote Industries Limited
Remote
JOB PURPOSE:
To assist the Head of Risk Management with embedding a best-in-class risk management culture within the BU and DIL at large. Involved in the proper implementation of the Group’s risk management framework comprising its policies, procedures and tools, in line with best practice. Assists with advising senior management on the identification, measurement and proper treatment of all risks. Assists with training and motivating all staff in the use of risk management techniques, and liaise with key stakeholders where necessary, thereby ensuring all likely and emerging risk exposures are adequately mitigated and monitored in accordance with the Group’s Risk Policies.
OPERATIONAL RISK ACTIVITIES
General Activities:
- Work closely with the Business Unit Head of Risk in ensuring that exposures arising from failed or inadequate internal processes, systems, people and external events fall within the risk philosophy, framework and governance process.
- Assisting the Principal Risk Owners and Principal Risk Coordinators with the identification of key risks and mitigating controls in their business units, as well as action plans to address any gaps in the mitigating measures identified
- Assists with ensuring the proper implementation of the Group’s risk management guidelines,policies and procedures in all BUs
- Ensure prompt completion and rendition of periodic Risk & Control Self Assessments (RCSAs), and monthly Key Risk Indicators (KRIs)
- Assist departments with the identification of key risk(s) on an ongoing basis
- Ensure timely risk events are reported using the Group’s approved tool and ensure prompt collation of risk events reported to Head Office
- Perform root cause analysis on identified risk events and recommend controls to be implemented to prevent these risk events from re-occurring in future or to minimize the impact of the risk should the event be a critical business process
- Develop presentations of risk analysis results to methodically communicate insights.
- Monitor the implementation of actions plans to address key risks identified from RCSAs, KRIs and reported loss incidents
- Monitor the Business Unit's risk exposure closely to ensure operational efficiency, compliance with applicable regulatory and legislative requirements, expected sales and proper redress of limiting factors
- Report all threats to the Business Continuity team and ensure that contingency plans are developed to address key business continuity risks identified
- Monitor and ensure timely close-out of recommended controls for mitigating identified risks
- Attend Management Committee meetings and present or discuss key risks identified that require immediate redress or awareness of Senior Management when assigned
- Identification and monitoring of risk activities across the full spectrum of the enterprise risk universe
- Develop awareness of Risk Management Best Practice through publications on Risk Management related learning materials
- Monitor other prevalent or emerging business risk exposures
- Assist with preparing periodic reports to the HOR and such other reports that may be required from time to time. Reports must meet expected standard in terms of quality and integrity.
- Ensures weekly agreed Reports are rendered to the Group Risk Team
- HND/bachelor’s degree in a Risk Management/ Economic Science, Masters’ degree in a relevant field of study (Certified Risk Professional or Master Risk Management would be an advantage)
- 5 years or more risk management with relevant experience in industrial services or financial services
- Good interpersonal skills with strong verbal and written communication skills