Risk Officer (GMG/SEG 1) (Not Vacant)

  • Salary – $3,094,839 p.a

Job Purpose

  • Risk Officer is responsible for identifying, evaluating, and analyzing risks inherent to the operations of the Accountant General’s Department; and participating in formulating, implementing, administering, and evaluating risk management strategies to efficiently and cost-effectively manage those risks. The incumbent supports management in ensuring that the Department is compliant with regulations, legislature, policies, procedures and standards.  The incumbent also participates in educating and advising management and staff on risk management strategies.

Primary Duties:

  • Performs the day-to-day activities of various risk management and assessment, and business continuity efforts in accordance with the Department’s needs and Enterprise Risk Management goals
  • Provides support to build and maintain a sustainable process for identifying, assessing and responding to all organizational risks that might affect the achievement of the Department’s strategic objectives
  • Facilitates, and participates in the ongoing identification and assessment of Enterprise Risks
  • Collaborates closely with Division/Unit Heads (business owners) and project teams to assist in the development, assessment and monitoring of mitigation plans for Enterprise Risks to ensure risks are managed to an acceptable level
  • Identifies, evaluates and escalates issues that conflict with the AGD’s risk tolerance
  • Facilitates the identification and evaluation of process risks with business areas based on an assessment of the control environment
  • Works with business areas to enhance controls or develop action plans to address risks
  • Collaborates closely with business owners and project teams to assist in the development, assessment, and maintenance of the process level internal control environment and risk mitigation techniques
  • Assists management in increasing awareness, building understanding, and becoming more effective and self-sufficient in managing risks, in describing their processes and risks, and how they are managing those risks
  • Works with business areas and process owners to ensure that risk related documentation is clear and accurate including developing processes and procedures to assist them in maintaining documentation
  • Consults on projects, business process redesigns, and other initiatives providing risk management expertise to ensure risks are considered and addressed appropriately
  • Participates in the development, maintenance, and improvement of risk management policies, methodologies, tools, templates, internal websites and internal and/or external reports
  • Participates in the development and maintenance of the risk management framework, templates, and structure
  • Monitors external indicators and market developments for the ongoing identification and treatment of emerging financial risks
  • Performs research, conducts interviews, and publishes articles to be shared with staff, managers, and executives across the company
  • Works with management to develop and implement policies to provide a framework to ensure that appropriate business continuity and disaster recovery plans are in place for all key business processes
  • Develops and provides formal and informal training and guidance to business owners to increase awareness about disaster recovery and business continuity
  • Leads discussions and other efforts to help all areas of management become increasingly self-sufficient in exercising, testing and implementing corporate crisis management, disaster recovery and business continuity policies and procedures.

Qualification and Experience:

  • A Bachelor’s Degree from a recognized institution in Management Studies, OR Accounting, OR Finance, OR ACCA level 2; OR Degree– Accounting (MIND) along with the Diploma in Government Accounting (MIND); OR Equivalent
  • At least 4 years post qualification experience in Enterprise Risk Management or Internal Auditing preferably in an Accounting and/or Finance environment with at least 2 years in the public sector

Required Competencies:

  • Understanding of Operational Risk management and Operational Risk frameworks
  • Background in Compliance
  • Sound knowledge of, and experience in Strategic Planning
  • Excellent PC skills (e.g. Microsoft Word, Excel, PowerPoint, Access, and Project).