OBJECTIVE
The Senior Director, Risk will ensure that risks are identified and considered in the development of the strategic vision and proactively manage to balance both the risk and rewards of the business.
RESPONSIBILITIES
The Senior Director, Risk will have the following responsibilities:
1. Lead the design of the risk framework and the risk management strategy of Africa50, as well as the setting up of Africa50 risk appetite
2. Oversee the implementation of the overall risk strategy and policy and ensure that risk taken by the corporation is consistent with the risk appetite
3. Lead the adoption, implementation and monitoring of the Enterprise Risk Management framework, tools, practices, and policies to analyze, identify, manage, and report enterprise risks
4. Proactively seek and recommend enhancements or adjustments to the risk strategy and policy and Enterprise Risk Management framework
5. Ensure the organization's risk management policies and strategies are in compliance with applicable regulations and strategic imperatives of the organization
6. Lead implementation of risk assessments, identifying strategic, operational, compliance and reporting risks
7. Oversee Compliance, AML / KYC / CFT (together, “IDD”) procedures implementation, including taking responsibility for investee company/investor/LP review and signing off on IDD approvals required at the various stages of the project cycle.
8. Establish a framework and oversee responses to IDD requests made of the Africa50 Group by other institutions and work closely with the investment team in responding to IDD issues/questions
9. Monitor, analyze and aggregate risks within the organization and report on these risks to management, the Risk Committee and the Board
10. Ensure that business and reputational risks are sufficiently mitigated by policies, procedures and controls
11. Lead the internal control function, design the internal control framework and pro-actively identify and implement internal control improvements
12. Coordinate all the internal audit work as a liaison within Africa50 (including, the evaluation and rotation of the internal auditor)
13. Implement education and training to ensure employees have adequate awareness and understanding of the overall risk strategy and the approved risk policy as well as internal control standards and any other related Africa50 policies
14. Work with senior management to build a continuous risk awareness culture in Africa50
15. Contribute to building an environment that is conducive to discussing risk at all staff levels throughout the organization.
16. Act as designated compliance officer for all Africa50 group entities
17. Draft, update and implement Africa50 risk policies
18. Monitor and share risk management developments in similar organizations
19. Stay abreast of industry practices and knowledge
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