Risk Administrator
2 weeks ago
Business Unit:
Sales & Distribution
Function:Administration and Office Support
Date:01-Jun-2023
Discovery
Risk Administrator
About Discovery
- Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fastpaced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
Key Purpose - Implement an overall risk management process for a portfolio of Distribution Channels within the Discovery Group in accordance with a defined risk governance structure. The risk administrator will report to the Risk Manager.
Areas of responsibility may include but not limited to - Facilitate the identification, quantification, management and monitoring of the business unit's risks across all risk classes.
- Facilitate risk and control assessments to help the business unit identify risks and assess the effectiveness of their controls.
- Work very closely with the Risk team to deliver on risk management requirements
- Map out the business units' processes and associated controls, identifying any control and process weaknesses.
- Monitor and assess compliance with risk policies and procedures as required
- Perform risk investigations as directed by the manager
- Identify relationships and dependencies between risks.
- Interact with the business units to identify practical solutions to mitigate risk and address control and process weaknesses.
- Effectively challenge the business units risk assessments.
- Monitor and report on risk incidents and perform investigations where required.
- Establish, monitor and report key risk indicators.
- Assist the business to develop risk appetite and tolerances
- Oversee project risk management of projects within the business units.
- Work closely with Group Risk Management, and other assurance providers to ensure alignment of risk activities and sharing of knowledge
- Administer risk meetings and Risk EXCOs.
- Take minutes
- Facilitate the flow of risk information from business into Group Risk Management.
- Prepare presentations
- Draft reports
- Prepare risk reports.
- Assess the business unit's strategic objectives to identify risks to meeting these objectives.
- Promote a positive risk management culture.
- Manage, maintain and follow up on all risk registers.
- Follow up on all open action plans
- Assist with the Implementation of the ERM framework, processes and standards in the business
- Assist the Risk manager to review any outputs as required as well as to undertake any other work as required by the manager from time to time
- Participate in all activities as directed by the manager
- Fully utilise the Risk Management system
- Ensure that risk profiles are always up to date in the system
- Fully comply with and implement all policies, methodologies, processes, guidelines and templates in entirety as issued/required by Group Risk Management in the performance of risk activities.
Competencies
- Effective negotiation and influencing skills.
- Must be able to build relationships.
- Must be a strong communicator with excellent writing skills.
- Must be able to critically evaluate business information.
- Strong presentation and facilitation skills.
- Strong organisation skills.
- Strong quality skills
- Strong report writing skills
- Must be able to work autonomously and within a team.
- Professionally minded, constructive, business and goal orientated.
- Must be quality driven
- Resilient, calm, objective, capable of working effectively under pressure or in conflict situations.
- Adaptability; maintains effectiveness when experiencing major changes in personal work tasks or the work environment; adjusting effectively to work within new work structures, processes, requirements or cultures.
Education and Experience
- Advantageous: BCom (Risk Management), BCom (Audit), or other suitable qualification
- Experience working with management.
- Must have a strong knowledge of operations
- Must have knowledge on strategic, business, regulatory and operational risks.
EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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