Director of Risk and Compliance at Business Development Fund(BDF Ltd): (Deadline 8 August 2024)

Job Title:

Director of Risk and Compliance

Reports to

•  The Board of Directors
•  Chief Executive Officer (Administratively)

Grade:

BD 3

Department:

N/A

Direct Reports

•  Risk Officer
•  Compliance Officer

Section:

N/A

Unit:

Risk and Compliance

Job Purpose:

To ensure effective and efficient management of BDF’s risk through development and implementation of appropriate risk management frameworks and ensure that BDF conducts its business processes in compliance with laws and regulations, professional standards, international standards, and accepted business practices.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Develop the Enterprise Risk Management Framework (policies, procedures, tools/modes, systems, and structure), to minimize losses and protect BDF’s reputation.
•  Participate in the review of BDF’s strategy and process to advise on aspects that will result in the implementation of a coherent strategic plan that is relevant and achievable.
•  Guide integration of enterprise risk management with other organizational planning and management activities.
•  Collaborate with managers at all levels across the organization to ensure that risk management is embedded to an operational level within the business and that staff at all levels are aware of and manage risk as a core part of their responsibilities.
•  Conduct regular risk assessments and preparation of all documentation related to risk assessment and review standard operating procedures ensuring that recommended improvements are fully implemented.
•  Advise the management on financing decisions based on risks identified and ratings proposed for the project.
•  Ensure all the tasks are done with higher accuracy to assure safety of the employees and BDF as well.
•  Manage business resiliency and drive business continuity planning from a risk perspective.
•  Develop compliance policies and procedures and monitor and report on compliance risk.
•  Ensure that the organization runs in compliance with laws and regulations, professional standards, international standards, and accepted business practices.
•  Ensure action plans associated with identified risk issues are communicated and actioned within applicable timelines.
•  Ensure that all the employees are thoroughly updated about the organization’s policies, regulations, and processes.
•  Liaise with department and unit heads on the adequacy of proposed actions in management of risk areas highlighted in risk management report.
•  Evaluate the adequacy of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives.
•  Undertake an annual review of the risk and compliance management policies in preparation for Board sign off, communicating amendments to business areas as required

Decision Making/ Job Influence

The role is responsible for making decisions for the department for the department/team in terms of planning and allocation of duties, allocation of resources, and timelines.

Working Conditions

The role works under normal working conditions.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications`

•  Bachelor’s degree in any of the following fields: Business Management, Accounting, Finance or any other relevant qualification.
•  Master’s degree in any of the following fields: Security and Risk Management, Project Management, Business Management, Accounting, Finance or any other relevant qualification.

Professional Qualifications / Membership to professional bodies

•  Membership to a professional body such as RIMS (Risk Management Society)-Certified Risk Management Professional is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served in a subordinate role for a minimum period of 5 year(s).
•  The role requires at least 7 years of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Excellent Organizational Skills
•  Proficient Communication Skills
•  Effective Problem-solving
•  Assessment & Interpretation
•  Critical Thinking Ability
•  Creativity
•  Strong Interpersonal Skills
•  Sound Understanding of Regulatory Guidelines and Security Policies

•  Leadership
•  Independence
•  Charisma
•  Integrity
•  Communicator and mentor
•  Human and firm