Job Purpose: The role holder will be responsible for the implementation of financial and non-financial risk frameworks, risk identification, assessment, mitigation strategies, and Compliance. Ensuring these aspects are embedded into the operations of the firm in consultation with the CEO & Board Risk Committee. Key Responsibilities: Risk identification, mitigation, monitoring • Co-ordinate and improve risk management within departments • Review all Internal & External Audit reports to extract relevant risk & control information for use in reporting and remediation. • Monitor and act on any Key Risk Indicators (KRIs) adverse trends that arise • Monitor resolution of all associated Internal Audit recommendations post-audit issues • Assess compliance with policies and procedures in the departmental units, with emphasis to controls • Coordinate the formulation of scenarios to be tested at least annually • Coordinate the recording of the risk incidents and carrying out the root cause analysis • Regularly collate the operational loss data and maintain the database Business processes and policies reviews • Working with Business units within the firm to establish, maintain and continuously improve risk management capabilities. • Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units. • Participate in the development and review of organizational policies and procedures. Company and Business • Ensure sufficient follow through on management actions to mitigate risks identified • Ensure Continuous risk identification and assessment program through timely completion of RCSA & KRI returns • Champion documentation of inter departmental SLAs during quality assurance reviews. • Review key outsourcing arrangements for the firm in line with regulator outsourcing guidelines. Business Continuity Management (BCM) • Implement BCM framework for the firm • Review of program and tools to ensure they are updated. • Ensure BCP testing is carried out as per schedule for both business and support unit. • Train staff on BCM Compliance Management: • Responsible for the timely identification, assessment, mitigation and reporting, and escalation of all identified operational and compliance risk exposures. • Keep up to date with, and understand, relevant laws and regulations governing the business entity. • Monitor compliance with laws, regulations and internal policies and procedures. • Advise management and the board on the company’s compliance with laws and regulations and other compliance risks through detailed reports. • Collaborate with other departments to create a culture of compliance. • Ensure AML and KYC policies are in place are adhered to. • Ensure timely, efficient reporting of suspicious transactions. • Monitor and provide advice to management to minimize risk resulting from poor internal controls. Management Committees • Assist in preparing the report pack for the Management Risk Committee (MRC) meeting Coordinate the secretarial work for the MRC meetings. Financial Risk • Reviewing and updating of risks • Reviewing of implementation of risk limits and tools and ensuring escalation mechanisms are established and are being used; • Maintaining processes for defining mitigating actions and monitoring their implementation as it relates to financial risk management; • Carrying out identification of financial risk and implementing treatment of emerging financial risks. • Monitoring of external indicators and market developments; • Value added commentary to financial risk reporting regarding risk processes and (risk) compliance. • Conducting staff training programs that build financial risk awareness within the Group.