Supports company’s Risk Team in planning, designing, and implementing an overall risk management system within the company and across SBUs
Participates in the development of the annual risk management plan for the company and ensure the risk initiatives and activities are in line with the risk maturity model
Supports the company’s Risk Team in developing the Company’s Annual Risk Calendar covering all risk management initiatives and activities in line with SBU annual plan in coordination with the SBU Risk Teams and GCRCO
Provide advice and technical support (includes but is not limited to documents, framework, tools, advice, thought leadership, training & development) to the SBU Risk Teams on all risk initiatives as per the approved annual plan
Facilitates and support (thru technical guidance, advice, participation in workshops, and training) the SBU Risk Team in executing the risk management process i.e. risk assessment, treatment, reporting, monitoring and continuous communication.
Risk assessment: facilitates working session with stakeholders (risk team, risk owner, risk champions, risk leads) o Identification: to identity and describe risks (threats & opportunities) o Analysis: defining causes and consequences of the risk o Evaluation: risk scoring process in terms of Impact and Likelihood to define Inherent (Gross), Residual (Current) and Target Risk Level
Risk Treatment: facilitate a working session with stakeholders (risk team, risk owner, risk champions, risk leads) o Define the existing treatments/controls o Identify new risk treatment/mitigation plans o Review the existing controls and risk mitigation strategies
Risk Reporting: o Co-develop with the company’s Team standard risk reporting format for the stakeholders to ensure they are aware of risks relevant to their SBU and to understand their accountability & responsibility for individual risks • Monitor and review with the SBU Risk teams their risk reports i.e. risk profile and RCAP (risk control and action plan) treatment progress and provide feedback. • Continuous communication with risk stakeholders (SBU Senior Leadership Team, Risk Team, Compliance Team, etc.) at each stage of the risk process