Enterprise Risk Management Analyst (GMG/SEG 3)

Job Purpose

The Enterprise Risk Management Analyst reports directly to the Permanent Secretary, receive functional directions from the Senior Director, Strategic Planning, Performance and Project Management, and will be responsible for: 

• Facilitating the identification, evaluation and analysis of risks inherent to the operations of the Ministry; 
• Formulating, implementing and evaluating risk management strategies to efficiently and cost-effectively manage risks. 

Key Responsibilities

Administrative/Management: 

• Maintains effective working relations with internal and external stakeholders to facilitate mutual expectation and consistently high level of service. 
• Guides senior management with integrating risk management into the strategic development process. 
• Prepares relevant reports. 

Technical/Professional: 

• Develops and implements the Ministry of Tourism’s Enterprise Risk Management Framework, strategies and procedures, in line with Government of Jamaica ERM Policy, legislations and other local and international standards; 
• Collects information and reviews documentation to ensure that risk scenarios are identified and evaluated; 
• Identifies contractual requirements and organizational policies and standards related to the Ministry's operations, to determine their potential impact on the business objectives; 
• Identifies potential threats and vulnerabilities for business processes, associated data and supporting capabilities, to assist in the evaluation of enterprise risk; 
• Implements the ERM framework and ongoing ERM practices suitable for the requirements of the Ministry of Tourism; 
• Updates and maintains a Strategic and Operational Risk Register to ensure that all identified risk factors are accounted for; 
• Assembles and analyses risk scenarios to determine the likelihood and impact of significant events on 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; 
• Identifies and evaluates risk response options and provides Executive Management with information to enable risk response decisions; 
• Participates in the review of risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy; 
• Applies risk criteria to assist in the development of the risk profile for Executive Management approval; 
• Assists in the development of risk response action plans to address risk factors identified in the organizational risk profile; 
• Collects and validates data that measures Key Risk Indicators (KRls) to monitor and communicate their status to relevant stakeholders; 
• Monitors and communicates Key Risk Indicators (KRls) 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; 
• Influences and, when necessary, challenges decisions that give rise to material risks;
• Builds awareness of business continuity and disaster recovery risks, including encouraging the preparation of business continuity and disaster recovery management plans; 
• Performs any other related duties that may be assigned from time to time. 

Required Knowledge, Skills and Competencies

Core: 

• Excellent analytical, planning and organizational skills; 
• Excellent communication and presentation skills; 
• Excellent negotiating and problem-solving skills; 
• Excellent time management skills; 
• Excellent interpersonal skills. 

Technical: 

• Sound knowledge of international enterprise risk management standards;
• Good knowledge of the Tourism Industry and its operations and functions;
• Excellent knowledge of GoJ Enterprise Risk Management policy and requirements;
• Good knowledge of conducting research; 
• Working knowledge of GoJ Corporate Governance Framework; 
• Knowledge of computer systems and the relevant applications. 

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.