Internal Control & Risk Lead – Manufacturing at Corporate Staffing

Roles and Responsibilities 

Risk Assessment

• Facilitate and coordinate the identification of risks in the company business strategy;
• Engage key stakeholders for validation of identified risks;
• Update risk registers with the management team based on changes in the internal or external environment;
• Serve as a focal point for business control incidents, ensuring dissemination and embedding learning points from the incidents. Incidents can be sourced from meetings, process risk assessment results/remarks, audit/investigation reports and disclosures; and
• Work with key stakeholders to determine the appropriate parameters for impact and likelihood criteria for assessing risks.

Risk Monitoring

• Develop and present an annual risk management plan for approval;
• Conduct business reviews to identify points of failure within the company and action plans for addressing them. This includes key vendors, service providers, customers, staff, financiers, etc.;
• Meet with all departmental risk champions to discuss Company events, operational risk events/near misses, risk register updates, etc.;
• Facilitate and coordinate risk assessment sessions after the risk identification process for determination of the company’s key risks;
• Update the risk event database with event/near misses and agreed action plans;
• Prepare and circulate updates on macro-economic insights and Company events, regulatory directives, and lessons arising from key risk events/near misses to management staff;
• Manage and validate process-level risk assessments based on the annual risk management plan and ensure follow-up actions are taken to close identified gaps;
• Review and validate key risk indicators (KRIs) for key risks; and
• Review and validate mitigating strategies for key risks;

Risk Reporting

• Deploy risk awareness quarterlies to all staff e.g. selecting a few risks and providing high-level insight on what management is doing to mitigate the risks; 
• Collaborate with the Strategy Department to circulate updates on macro-economic insights and Company events, regulatory directives, and lessons arising from key risk events/near misses to management staff; 
• Prepare monthly risk management reports and
• Develop and present quarterly risk reports for Management.

Risk Governance

• Track and support ad-hoc management committees by monitoring action items and decisions within set time frames to ensure that the company optimizes the delivery of its business objectives; 
• Facilitate definitions and updates to the Company’s risk appetite statements and threshold limits, prior to the annual strategy retreats; 
• Work with the Human Resources (HR) department for the inclusion of appropriate key risk indicators (KRIs) as key performance indicators (KPIs) in the balanced scorecard for each risk owner; 
• Work with the HR for inclusion of risk-related departmental KPIs (e.g. % of implemented mitigating strategies, % of prior audit issues resolved, etc.) in the performance evaluation of all employees; and
• Participate in the annual strategy retreat and ensure that strategic initiatives are within the Company’s risk appetite.

Internal Control

• Conducts prepayment audit on all payments exceeding an approved threshold to ascertain the validity of payment in line with contract/purchase order;
• Review and validate the root cause of business control incidents and work with management to develop action plans to prevent recurrence;
• Work with process owners to address risk exposures and remediate control gaps identified from internal and external audits. Evidence of success will be fair outcomes of follow-up reviews from internal and external audit;
• Reviews the adequacy of controls designed in the Company’s policies and procedures; 
• Work with the HR department for the deployment of a Company-wide annual code of conduct including risk management expectations, for employee attestation; 
• Work with process owners and auditors to ensure an appropriate and implementable plan is developed to address the control gaps or root cause of issues identified prior to or during close-out meetings;
• Drive fraud risk management initiatives that engender integrity and ethics within the Company. This includes whistleblowing awareness; gift disclosures; conflict of interest and related party disclosures, etc. and
• Review any new major contracts or internal business proposals

Qualifications:  

• Minimum of Bachelor’s degree from a relevant field of study 
• Minimum of 8 years of relevant experience in risk management in an organization of appropriate scale and complexity
• Experience in risk management, risk-based internal audit, internal controls and compliance would be an added advantage
• A recognized professional risk management certification will be an added advantage.
• Budgeting and Budgetary Controls 
• Financial Planning and Analysis 
• Statutory Reporting 
• Tax Management 

Benefits:

• Medical, Pension, performance-based bonus, group insurance

Requirements

• Passport- travel for 3-4 months for training purposes within Africa