Head of Transactional Risk

Objective:

• Support CRICO in managing investment fund and retailrelated risks through effective risk management strategies processes and tools.
  

Operations:

• Review recommend and enhance IAMs risk management policies frameworks methodologies and systems.
  
• Ensure efficient identification prevention detection and mitigation of risks.
  
• Oversee the IAM risk management framework and maintain an effective governance structure.
  
• Coordinate risk management efforts across IAM and Group.
  
• Provide ongoing education briefings and training to management.
  
• Review and enhance risk training programs for Risk Champions and operational teams.
  
• Develop and update the Groups risk appetite and measurement strategies.
  
• Embed risk management into business processes and transactions ensuring they align with the approved risk appetite.
  

External Responsibilities:

Best Practices and Industry Trends:

• Stay informed about current risk management best practices and emerging risks.
  
• Advise CRICO and management on industry trends and changes.
  
• Continuously improve IAM and Risk Management Framework as needed.
  

Risk Management Activities:

Risk Identification:

• Design and enhance processes for timely risk identification within IAM and the Group.
  
• Continuously analyze potential risks to assets earnings and success.
  
• Provide quality assessments of inherent and residual risks impact and likelihood.
  
• Lead risk workshops and programs.
  
• Serve as the key point of contact and subject matter expert for IAM risk activities.
  
• Work with management to integrate risk mitigation into operational processes.
  

Risk Updates:

• Ensure quarterly updates and signoffs on risk registers by respective champions.
  
• Conduct annual reviews of enterprise risks and treatment plans.
  
• Review risk assessments for major proposals and initiatives.
  
• Provide independent feedback on key risk matters to CRICO Senior Management and the Board.
  
• Escalate significant risk issues to CRICO and GMD when necessary.
  
• Develop and report Key Risk Indicators (KRIs) to Senior Management.
  
• Participate in relevant meetings such as Project Operational Strategy and CAPEX meetings.
  

Risk Monitoring:

• Manage the risk monitoring process for IAM and Strategy teams.
  
• Review and validate key risk impacts mitigation strategies and ratings.
  
• Lead risk reviews or validations as needed.
  
• Prepare and review GRM validation reports for CRICO approval.
  

Risk Reporting:

• Finalize and review Group Risk reports for submission to various committees and the Board.
  
• Ensure timely risk reporting by operational and functional teams.
  

Business Continuity Management (BCM):

• Coordinate and enhance Business Continuity Planning (BCP) for IAM.
  
• Ensure ongoing effectiveness of BCP in collaboration with Senior Management.
  

Risk Administration/Operations:

• Lead and manage the IAM Risk team ensuring delivery of mandates and KPIs.
  
• Develop and implement the annual risk plan and budget.
  
• Provide regular updates to CRICO on risk management activities.
  
• Manage team assignments performance evaluations training and certification.
  
• Support Group Compliance Office in executing Risk and Compliance Annual Plans and Programs.
  

Other Functions:

• Assist in developing and maintaining ERM communication tools and methodologies.
  
• Provide advisory services to improve departmental risk management capabilities.
  
• Help develop and implement risk management tools and systems.
  
• Establish clear working relationships with operational teams to avoid overlap in managing risks and controls.
  
• Perform other duties as assigned.
  

Requirements

Impact and Accountability

• Deliver the Group s Risk Strategy and Annual Plans.
  
• Achievement of GRM s set targets and deliverables.
  
• Works meets or exceed Risk standards & methodologies and expectation.
  
• Aid Enterprise and Operational Risk team and if required GCO to achieve overall Risk and Compliance targets and deliverables.
  
• Committed to continuous improvement methodology and maintaining good client relationship.
  
• Maintain high ethical conduct independence and confidentiality in performance of duties as Risk Officer.
  

Education/Professional Qualifications

Possess at least a Professional Degree/Certificate Bachelors Degree Post Graduate Degree

• Investment Fund Management and Risk Governance related education will be an added advantage.
  
• At least 5 years in Investment and Fund Management experience.
  
• At least 3 years in current position (VPII or VP1).
  
• Real estate and risk related experience will be an added advantage.
  
• At least 8 years of overall work experience.
  
• Driven analytical good attention to detail and ability to work well independently and in a team environment.
  

Skill Sets:

• Good business sense/acumen.
  
• Have strong financial knowledge.
  
• Good communication skills (oral and written)
  
• Strategy thinker (ability to do strategic risk assessment) and have good analytical skill.
  
• Adaptability (new concerns and changing environment) and able to think on his/her feet (problem solving)
  
• Leadership and people management skills (able to manage various level of stakeholders)
  
• Ability to work independently manage multiple priorities and thrive in a dynamic and fastpaced environment.