The Head of Risk will partner with the CEO and the Senior Leadership Team to ensure that risks are identified and considered in the development of the strategic vision, and proactively managed to balance both the risk and rewards of the business.
The Head of Risk will have the following responsibilities :
Sets the risk management strategy of Africa50
Oversees the implementation of the overall risk strategy and policy and adopting, implementing, monitoring and where necessary, leading the adjustment of the risk strategy and policy as well as the setting of risk appetite
Helps develop an Enterprise Risk Management framework, tools, practices, and policies to analyze, identify, manage, and report enterprise risks
Ensures the organization's risk management policies and strategies are in compliance with applicable regulations and strategic imperatives of the organization
Coordinates implementation of risk assessments, identifying strategic, operational, compliance and reporting risks
Oversees Compliance, AML / KYC / CFT procedures implementation
Monitors, analyzes and aggregates risks within the organization and reports on these risks to the management
Ensures that business risks are sufficiently mitigated by policies, procedures and controls
Leads the internal control function, designs internal control framework and pro-actively identifies and implements internal control improvements
Implements 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
Contributes to an environment that is conducive to openly discussing risk at all staff levels throughout the organization.
At least a Bachelors’ degree in Business Economics and / or financial engineering background. MBA is a plus.
Minimum 15 years’ experience of which at least 6-8 years at a management level
Strong communication skills (both oral and written) with proven exposure to senior leadership
Good time management, project management, analytical skills
In-depth experience with knowledge and understanding of Risk Management within an investment fund or corporation or a similar entity
Sensitivity for balancing Risk Management with business opportunities
Should be proficient in evaluating controls through established frameworks
Fluent in English. French is a plus
Strong relationship to Africa - whether it be origin or a demonstrated long-term interest / commitment. Existing relationships in Africa are a plus