Enterprise Risk Manager

SUMMARY:
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POSITION INFO:

Our client a leader in the Retail industry is seeking a highly experienced Enterprise Risk Manager to join their team based in Durban.

MINIMUM REQUIREMENTS 

• Bachelor’s degree or NQF Level 7 Diploma in a commerce related field (e.g. Finance, Accounting, Audit).
• CA(SA), CIA, Risk Management, or equivalent certification advantageous.
• 10 years experience in Retail/Manufacturing or Financial Services at senior management level.
• Demonstrable exposure to Executive and Board level risk governance and strategic decision support/enablement.
• Experience in risk governance and reporting, business continuity management and ERM framework.
• Experience in implementing relevant Risk Frameworks such as ISO 31000/COSO.
• Engagement with diverse, external international stakeholders in managing enterprise Risk.
• Applicable legislation on a global scale.
• Financial planning, analysis, and reporting.
• The ideal applicant will satisfy the following skills requirements:
• Excellent analytical and problem-solving capability.
• Must be collaborative, influential, and rational.
• Good business analysis skills and customer orientated.
• Precise planning and excellent organisational/administration skills.
• Quality orientated and self-driven to achieve results.
• Must have a high stress tolerance and the ability to work efficiently under pressure.
• Excellent communication, presentation, and interpersonal skills.

MAIN JOB FUNCTIONS 

• Accountable for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the companies enterprise Risks.
• Responsible for enterprise-level risk policy formulation, risk appetite articulation, and strategic risk integration into Group planning, capital allocation, and major investment decisions.
• Formulate an ERM framework and supporting policies and procedures for the company.
• Develop a risk culture for the company by driving risk related activities and the risk response for the organisation.
• Design and implement Key Risk Indicators for senior management to guide and support decision making for the company.

Enterprise Risk Management

• Risk assessment and identification:
• Responsible for identifying, assessing, and mitigating risks, opportunities and threats to the achievement of the business's strategic objectives.
• Play a crucial role in ensuring the organisation's financial stability and sustainability.
• Conduct comprehensive risk and opportunity assessments to identify and analyse potential risks related to operations.
• Create risk heat maps or matrices to categorise and prioritise risks based on likelihood and potential impact.
• Responsible for the establishment and implementation of a risk and compliance framework, to effectively manage all risk exposures that pose an internal/external threat.
• Risk mitigation strategies:
• Provide executive advisory on the risk-return implications of strategic options, including capital deployment, market expansion, supplier concentration, regulatory exposure, and sustainability risks.
• Responsible for effective risk appetite and tolerance setting, measurement, and reporting.
• Recommend strategies, derivatives, and other financial instruments to protect against adverse movements in interest rates, foreign exchange rates, commodities, etc.
• Evaluate insurance policies and contractual terms to transfer or mitigate specific risks.
• Optimise capital allocation and liquidity management strategies to ensure sufficient reserves to withstand potential financial shocks.
• Work with Finance to oversee and provide active management of the Company’s credit risk analysis/underwriting.
• Risk Monitoring and Reporting and Combined Assurance:
• Design and govern the Group’s combined assurance model, determining assurance reliance, assurance sequencing, and executive assurance confidence for Board committees.
• Prepare regular risk reports and presentations for senior management and stakeholders, highlighting key risk metrics, trends, and potential impacts on financial performance.
• Develop and maintain risk dashboards and regular risk reports for senior management and stakeholders, summarizing risk exposure, trends, and mitigation efforts.

Crisis Management and Contingency Planning

• Responsible for organisational resilience strategy, ensuring executive preparedness for low-probability, high-impact events that may threaten the
• Group’s operational capability.
• Develop contingency plans and procedures to address potential crises or emergencies.
• Ensure the organisation has robust business continuity plans in place to mitigate disruptions caused by financial crises or external shocks.

Regulation and Compliance

• Ensure compliance with internal processes and policies, applicable laws and regulations, across the organisation. This role requires a deep understanding of financial markets, instruments, and regulatory requirements to effectively mitigate risk and ensure the organisation's financial stability.
• Collaborate with compliance officers and legal teams to interpret regulatory requirements and implement necessary changes to mitigate compliance risks.
• Coordinate with internal and external auditors to facilitate audits related to financial risk management practices and regulatory compliance.

Stakeholder Relationship Management

• Collaborate with Distribution Centres’ Risk Champions and Functional Risk Champions to manage risk holistically and timeously with their teams.
• Represent the company at industry level, including liaising with governmental departments and relevant industry organisations.
• Build strong stakeholder relationships with risk champions for buy-in and commitment, to ensure that applicable best practice is implemented and to ensure understanding of their business needs and requirements