Position Overview
To identify, assess and reduce risks that could affect an organisation
Purpose
Helps organizations proactively manage uncertainties to minimize negative impacts and capitalize on opportunities
Set out a specific set of strategic processes which start with the overall aspirations and objectives of an organisation and intend to help to identify risks and promote the mitigation of risks through best practice.
Qualifications
- National Diploma / Bachelor’s Degree in Risk and Compliance/ Governance law
Duties and Responsibilities
- Identify risks: Identify potential risks that could impact an organization's assets, reputation, or finances
- Assess risks: Evaluate the likelihood and potential impact of identified risks
- Prioritize risks: Use a risk matrix or similar tool to prioritize risks based on their severity.
- Develop risk management plans: Create plans that outline how risks will be identified, assessed, and mitigated
- Implement risk mitigation strategies: Develop strategies to reduce or eliminate risks, such as changing plans or allocating more resources.
- Monitor and review: Continuously monitor risks and review mitigation effectiveness
- Communicate and report: Keep stakeholders informed about risks and management
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Key Perfomance Indicators (KPI's)
Identify risks
Implement risk mitigation strategies
Develop risk management plans
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Skills
- Analytical skills
- Problem solving skills
- Computer skills
- Project Management skills
- Coordination skills
- Attention to detail
- Interpersonal and communication skills