Manager, Risk Governance and Assurance
Salary undisclosed
Checking job availability...
Original
Simplified
JOB PURPOSE:
- Support and manage the implementation of MISC Group’s Enterprise Risk Management (ERM) activities/programs to monitor, manage and mitigate business risk/s to safeguard shareholders’ return and the Group’s business sustainability.
Risk Governance & Assurance
- Develop, plan, implement, and maintain the Group-wide ERM governing documents. This includes the review and effective implementation of the Group’sRisk Policy, ERM Framework and process manual, Risk Appetite, Risk Assessment in Decision Making (RADM) guideline and PRA Framework.
- Review, plan, propose and implement continuous improvements on the Group’s risk governance structure as to ensure the ERM practices can be managed effectively
- Provide independent assurance to the Management and Board on risk controls and implementation, including assessments and validation of risk control effectiveness, based on respective risk governing documents
- Monitor and challenge risk management activities and risk mitigation action plans across the Group to ensure effective risk mitigation are in place and implemented.
- Drive and work closely with Business Units, Service Units and Subsidiaries to embed a strong risk organization, culture and ERM capabilities.
Enterprise Risk Management (ERM)
- Plan and manage the implementation of the Group’s Enterprise Risk Management (ERM) activities/programs as to monitor, manage, control and mitigate business risk to safeguard shareholder’s return and the group’s sustainability.
This includes:
- Manage the annual review of risk registers for Business Units, Service Units and Subsidiaries to ensure that the relevant and key risks are being monitored and that appropriate risk indicator thresholds are set.
- Manage the quarterly review of risk scorecards to ensure comprehensive tracking, mitigation and reporting of risks.
- Drive the collaboration with respective risk focals in the implementation / review of risk initiatives.
- Consult and assist in the role of the Group’s focal point for ERM matters .
- Monitoring of emerging trends that pose risks or create opportunities for the Group.
Risk Assessment in Decision Making (RADM)
- Manage the RADM implementation across the Group
- Coordinate and support the Senior Manager, ERM to facilitate the risk assessment performed by BUs/SUs/subsidiaries to ensure adherence to the RADM guideline.
- Challenge and review the risks and mitigation identified and develop the final risk assessment report for Chief Risk Officer/ Chief Group Strategy & Sustainability sign off.
Project Risk Assessment (PRA)
- Support the Senior Manager, ERM to review PRAs prepared by Units to help ensure that PRA processes are implemented in accordance with established standards and procedures to safeguard shareholders’ investment and the Group’s assets.
- Advise and support project leads or sponsors during PRA process on the project risk assessments including proposing workable mitigations/solutions to balance the risk and reward.
- Advised and support the implementation of the PRA Framework across the Group.
REQUIREMENT & QUALIFICATION:
- Minimum 10 -12 years of relevant working experience.
- Knowledge in Maritime or Oil & Gas industry would be an added advantage.
- Bachelor’s Degree in Accounting / Finance / Business Studies / Economics or equivalent.
JOB PURPOSE:
- Support and manage the implementation of MISC Group’s Enterprise Risk Management (ERM) activities/programs to monitor, manage and mitigate business risk/s to safeguard shareholders’ return and the Group’s business sustainability.
Risk Governance & Assurance
- Develop, plan, implement, and maintain the Group-wide ERM governing documents. This includes the review and effective implementation of the Group’sRisk Policy, ERM Framework and process manual, Risk Appetite, Risk Assessment in Decision Making (RADM) guideline and PRA Framework.
- Review, plan, propose and implement continuous improvements on the Group’s risk governance structure as to ensure the ERM practices can be managed effectively
- Provide independent assurance to the Management and Board on risk controls and implementation, including assessments and validation of risk control effectiveness, based on respective risk governing documents
- Monitor and challenge risk management activities and risk mitigation action plans across the Group to ensure effective risk mitigation are in place and implemented.
- Drive and work closely with Business Units, Service Units and Subsidiaries to embed a strong risk organization, culture and ERM capabilities.
Enterprise Risk Management (ERM)
- Plan and manage the implementation of the Group’s Enterprise Risk Management (ERM) activities/programs as to monitor, manage, control and mitigate business risk to safeguard shareholder’s return and the group’s sustainability.
This includes:
- Manage the annual review of risk registers for Business Units, Service Units and Subsidiaries to ensure that the relevant and key risks are being monitored and that appropriate risk indicator thresholds are set.
- Manage the quarterly review of risk scorecards to ensure comprehensive tracking, mitigation and reporting of risks.
- Drive the collaboration with respective risk focals in the implementation / review of risk initiatives.
- Consult and assist in the role of the Group’s focal point for ERM matters .
- Monitoring of emerging trends that pose risks or create opportunities for the Group.
Risk Assessment in Decision Making (RADM)
- Manage the RADM implementation across the Group
- Coordinate and support the Senior Manager, ERM to facilitate the risk assessment performed by BUs/SUs/subsidiaries to ensure adherence to the RADM guideline.
- Challenge and review the risks and mitigation identified and develop the final risk assessment report for Chief Risk Officer/ Chief Group Strategy & Sustainability sign off.
Project Risk Assessment (PRA)
- Support the Senior Manager, ERM to review PRAs prepared by Units to help ensure that PRA processes are implemented in accordance with established standards and procedures to safeguard shareholders’ investment and the Group’s assets.
- Advise and support project leads or sponsors during PRA process on the project risk assessments including proposing workable mitigations/solutions to balance the risk and reward.
- Advised and support the implementation of the PRA Framework across the Group.
REQUIREMENT & QUALIFICATION:
- Minimum 10 -12 years of relevant working experience.
- Knowledge in Maritime or Oil & Gas industry would be an added advantage.
- Bachelor’s Degree in Accounting / Finance / Business Studies / Economics or equivalent.