Exp 10 to 14 years Certification in Enterprise Risk Management (ERM) Overview: The Director of Enterprise Risk Management (ERM) is a key executive role responsible for organizations risk management efforts and ensuring its effective integration across all business units and functions. This role involves close collaboration with senior leadership business heads and the Boards Risk Management Committee (RMC) to identify assess and codevelop mitigations of risks that could impact the organizations strategic objectives and operational efficiency. The role is responsible for ERM responsibilities across all the businesses and geographies. Key Responsibilities: Financial Outcomes: - Lead the implementation of the ERM framework and develop a roadmap for further elevating ERM process maturity ensuring alignment with the organizations strategic goals evolving business needs regulatory changes and Board expectations.
- Work closely with the Risk champions across various functions for identifying risk drivers evaluating potential impacts and formulating robust risk mitigation strategies.
- Collaborate with business units to establish riskrelated Key Performance Indicators (KPIs) monitor their progress and conduct thorough root cause analyses to enhance mitigation strategies continually.
- Track and evaluate the progress of strategic mitigation plans developing a mitigation scorecard and ensuring alignment with business objectives before presentation to the EO and RMC.
- Offer independent assessments of the adequacy of strategic mitigation plans and recommend enhancements when necessary.
Customer Service: - Monitor relevant regulatory developments and initiate the creation or revision of frameworks to ensure compliance including but not limited to cybersecurity risk assessments personal data privacy and business continuity management.
- Engage with internal and external stakeholders including regulatory bodies to influence risk management practices and ensure organizational resilience.
- Work Closely with Head of Internal Audit & ERM to deliver to Risk Management agenda for the company
Internal Process: - Oversee the continuous improvement of the Risk Management Charter and Policies facilitating their adoption and adherence throughout the organization.
- Develop a comprehensive annual Risk Management Committee Agenda.
- Spearhead the development and periodic update of comprehensive risk registers for each business unit incorporating emerging risks and evolving business contexts.
- Gain a deep understanding of the business performance and strategies through participation in the Monthly performance review MTPs and Budget discussions.
- Develop and maintain a robust followup and reporting mechanism for the status of mitigation plans presenting updates to the Executive Committee (ExCom) and RMC.
- Integrate outcomes from special riskrelated projects such as commodity risk management and food safety into the overall ERM framework.
- Establish an integrated ERM framework between IA and Risk Management team.
- Conduct alignment meetings with key stakeholders to finalize risk deliverables for presentation to the Executive Office (EO) and RMC.
- Embed a proactive risk management culture across all business functions and geographies promoting risk awareness and ownership at all levels.
Innovation and Learning: - Create and distribute a Risk Evolution newsletter or communication within the organization to provide early warning signals on events that could impact the risk environment.
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Enterprise Risk Management & Internal Audit,ERM,Internal Audit,Internal Audit Transformation,Internal control,risk management