Enterprise Risk Management Analyst (GMG/SEG 3)

Job Purpose

Under the general direction of the Director, Enterprise Risk Management, the Risk Management Analyst is responsible for facilitating the identification, evaluation and analysis of risks inherent to the operations of the Ministry of Foreign Affairs and Foreign Trade, and formulating, implementing and evaluating risk management strategies to efficiently and cost effectively manage these risks. 

The incumbent assists the Director in providing support to the Management team in ensuring the Ministry is compliant with regulations, legislature, policies, procedures and standards. The incumbent also participates in educating and advising management and staff on risk management objectives. 

Key Responsibilities

Technical/Professional: 

• Implements the ERM framework and ongoing ERM practices suitable for the requirements of the Ministry; 
• Updates and maintains a Strategic and Operational Risk Register to ensure that all identified risk factors are accounted for; 
• Assembles and analyzes risk scenarios to determine the likelihood and impact of significant events to the Ministry’s business objectives; 
• Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership; 
• Assists in the development of a risk awareness programme and conducts training to ensure that stakeholders understand risk and contribute to the risk management process and to promote a risk-aware culture; 
• Assists in the development of risk response action plans to address risk factors identified in the organizational risk profile; 
• Collects and validates data that measure Key Risk Indicators (KRIs) to monitor and communicate their status to relevant stakeholders; 
• Monitors and communicates Key Risk Indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process; 
• Facilitates independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively; 
• Identifies and reports on risk, including compliance, to initiate corrective action and meet business and regulatory requirements; 
• Performs any other related duties that may be assigned from time to time. 

Required Knowledge, Skills and Competencies

Core: 

• Excellent interpersonal and team management skills; 
• Excellent oral and written communication skills; 
• Strong analytical and problem-solving skills; 
• Strong leadership skills; 
• Strong customer relations skills; 
• Excellent planning and organizing skills; 
• Excellent judgment and decision-making skills; 
• Ability to influence and motivate others; 
• Proficiency in the use of relevant computer applications. 

Technical: 

• Sound understanding of enterprise risk management frameworks and tools;
• Must be able to demonstrate a broad technical knowledge and expertise covering conduct of business matters, corporate governance matters and regulatory risk and regulatory change matters; 
• Practical and commercial approach to problem solving; 
• Sound understanding of Research Methodology; 
• Excellent capability to track policies/programmes/project benefits realization and lessons learnt activities to feed into on-going improvements; 
• Ability to monitor and report on programme/project budgets; 
• Advanced IT skills in relation to Word, PowerPoint, Excel and MS Project or other project tool. 

Minimum Required Qualification and Experience

• Bachelor’s Degree in Management Studies, Public Administration, Business Administration or a related discipline; 
• Specialized training in Risk Management; 
• Three (3) years related experience.

Please note that only shortlisted applicants will be contacted.