PURPOSE:
Reporting to the Risk Manager, the Assistant Risk Manager will be responsible for identifying, analyzing, assessing and designing control/mitigation activities for the risks within the company and to ensure compliance to the set controls.
PRIMARY RESPONSIBILITIES:
Risk Management
- Assessment of risk positions and exposures for all CIC Group entities as well as actions taken to manage these risks.
- Analysis of trends and patterns and developing rules and strategies to improve the efficiency of risk identification and assessment
- Preparation and/or regular update of the risk framework, risk registers, risk appetite statements and risk tolerance statements for each of the CIC Group entities.
- Assessment of changes in CIC Group’s risk profile and pre-defined risk limits and advising management accordingly.
- Analyze emerging risks and trends, and develop strategies to mitigate exposure.
- Oversee development and implementation of risk mitigation plans and action tracking mechanisms.
- Ensure timely reporting to senior management and the Board, including updates on risk appetite, tolerance levels, and residual risk.
- Preparation of action tracking plans on risks and controls and monitoring agreed actions to closure.
- Maintenance of risk and incidence logs as well as monitoring of emerging risks.
- Monitor the residual risk within the set control;
- Coordinate risk champions in risk identification and analysis;
- Develop and recommend risk responses to management;
Reporting & Communication
- Prepare high-quality reports and presentations for executive and board-level risk and compliance discussions.
- Provide quarterly status reports on data protection and risk management to senior and middle management.
- Escalate instances of non-compliance or high-impact risk events promptly, with recommended actions.
Leadership & People Management
- Supervise and coach the reportees, including performance appraisals and development planning.
- Foster cross-functional collaboration on risk and compliance initiatives across CIC subsidiaries.