Risk Manager at Food Concepts Plc

Job Purpose

• To ensure the development and implementation of risk policies and procedures in the organization

Core Responsibilities and Key Result Areas

Strategic Implementation

• Manages the implementation and administration of Risk Policies, Procedures and Initiatives.
• Ensure consistent monitoring, implementation and compliance to global practice and legislation laws
• Develop and implement techniques for compiling, preparing and presenting Risk data.
• Develop and implement Risk metrics that enables informed decision

Risk Assessment & Monitoring

• Consult with relevant units to determine, quantify, and mitigate risks involved in establishing and maintaining various customer and industry relationships
• Establish and quantify the organisation’s ‘risk appetite’, i.e., the level of risk the organization is prepared to accept
• Perform tracking and reporting on risk strategy implementations and validating post implementation within the organization
• Proactively seek and recommend enhancements to internal processes
• Prepare and update organization risk register on weekly and monthly basis
• Report risk in an appropriate way for different audiences, for example, to the board of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks
• Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions
• Build risk awareness amongst staff by providing support and training within the company
• Visit all Food Concepts outlets nationwide to document identified risks, provide appropriate mitigating control and communicate same to the respective risk owners for effective monitoring.
• Communicate from time to time National and Global risk update to Management and Board of Directors
• Facilitate risk sensitization workshop on yearly basis for all FC employees.
• Prepare on timely basis the Board ERM report.

Reporting and Supervision

• Plan, assigns and supervises Risk staff
• Implement Risk Initiatives and operations
• Plan, schedule, coordinate, review and report on the work of Risk staff
• Ensure periodic Risk reports/metrics to Head, Risk and Compliance Department

Key Performance Indicators

• Quality of risk control assessments
• Quality of business improvement opportunities provided

Knowledge Requirements

• Knowledge of legislations, its changes and developments as they affect the Food Industry,
• Knowledge of Fundamentals of Accounting
• Knowledge of Risk & Compliance standards or processes
• Knowledge of legal standards and in-house policies
• Knowledge of reporting procedures and record keeping
• Knowledge of the QSR/Food Industry practices Good interpersonal, communications and flexibility

Job Specifications

• A good first degree in Law, Finance, Accounting, or any other related areas
• Possession of a Post Finance, Accounting, or related field is an added advantage
• Membership of the ICAN, ACCA, Masters  in Risk Management, or any other related professional qualification is an added advantage
• Minimum of 5-6 years work experience in an administrative capacity in a similar industry / environment

Decision Expectations

• Recommend business improvement opportunities
• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities
• Assist in risk minimization