Risk Oversight Manager
Job Overview:
* Manage and implement risk oversight processes to ensure effective control and mitigation of operational risks.
* Review and assess the adequacy of risk management frameworks, policies, and procedures in place across the organization.
* Collaborate with internal stakeholders to identify and prioritize areas for improvement and implement recommendations.
* Maintain accurate and up-to-date records of risk assessments, monitoring results, and corrective actions taken.
* Ensure compliance with regulatory requirements and industry standards for risk management.
* Develop and maintain relationships with key stakeholders, including regulators, auditors, and external service providers.
* Communicate risk-related information to senior management, the board, and other relevant parties as required.
* Liaise with business units to provide guidance on risk assessment, mitigation strategies, and control implementation.
* Foster a culture of risk awareness and ownership among employees.
* Cultivate a strong understanding of emerging risks and trends, and develop strategies to address them.
Key Responsibilities:
1. Audit and review of existing risk management systems and controls.
2. Development of risk-based audit plans to meet regulatory requirements.
3. Conducting fieldwork to evaluate the design and operating effectiveness of risk management controls.
4. Identifying and reporting material weaknesses and deficiencies in risk management controls.
5. Collaborating with cross-functional teams to remediate identified issues.
6. Providing training and guidance to staff on risk management best practices.
7. Evaluating and implementing new technologies and tools to enhance risk management capabilities.
8. Staying current with industry developments, regulatory changes, and emerging risks.
Qualifications and Skills:
* Bachelor's degree in Business Administration, Finance, Accounting, or related field.
* Minimum 5 years of experience in risk management, audit, or related field.
* Proven track record of identifying and mitigating operational risks.
* Strong analytical and problem-solving skills.
* Effective communication and interpersonal skills.
* Ability to work independently and collaboratively as part of a team.
* Highly organized and able to manage multiple priorities and deadlines.