Enterprise Risk Management Analyst (GMG/SEG 3)

Job Purpose

Under the general direction of the Senior Director, Strategic Planning Policy, Research and Performance Management, the Enterprise Risk Management Analyst is responsible for establishing and managing the Ministry’s Enterprise Risk Management Framework and programmes in accordance with the GOJ Risk Policies and Guidelines. The incumbent will lead the investigation, analysis, assessment of risk and the design and implementation of strategies and processes which mitigate threats to the successful delivery of the organization’s corporate and business plans and desired outcomes. 

Key Responsibilities

• Establishes, implements and leads the Ministry’s and its subject enterprise risk management plan, policy and strategy; 
• Guides the development and implementation of a risk-based performance management framework to achieve the ultimate mission of the Ministry and its subjects;
• Develops mechanisms to identify, assess and evaluate risk to enable the execution of the enterprise risk management strategy; 
• Identifies legal, regulatory and contractual requirements and organizational policies and standards related to the Ministry’s operations to determine their potential impact on the business objectives; 
• Assembles and analyses risk scenarios to determine the likelihood and impact of significant events to the Ministry’s business objectives; 
• Correlates identified risk scenarios to relevant business processes to assist in identifying risk ownership; 
• Validates risk appetite and tolerance with senior leadership and key stakeholders to ensure alignment and ensure risk approach adheres accordingly; 
• Identifies and evaluates risk response options and provides Executive Management with information to enable risk response decisions; 
• Approves and leads implementation of programmes designed to anticipate and to minimize threats to the Ministry; 
• Evaluates, monitors and reports on divisional performance to improve the Ministry’s risk profile; 
• Provides strategic advice and guidance on the enterprise risk management;
• Develops and implements mechanisms to support the Executive Management team on embedding a risk management planning and risk aware culture; 
• Establishes and implements a Strategic and Operational Risk Register to record, rate, monitor and report risk; 
• Oversees the conduct of regular risk assessments and preparation of all documentation related to risk assessment and reviews the standard operating procedures to ensure that the recommended improvements are fully implemented; 
• Produces regular risk analysis reports to the Senior Director and Senior Executives, with actionable plans for avoidance or prevention of possible threats at all levels;
• Drives initiatives that support enhanced efficiency and effectiveness in all Risk processes; 
• Reviews risk responses with the relevant stakeholders for validation of efficiency, effectiveness;
• Collects and validates data that measure Key Risk Indicators (KRIs) to monitor and communicate their status to relevant stakeholders; 
• Monitors and communicates Key Risk Indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process; 
• Facilitates independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively; 
• Identifies and reports on risk, including compliance, to initiate corrective action and meet business and regulatory requirements; 
• Regularly review and assess the Risk Management Policy, Strategic and Operational Risk Registers to ensure regulatory compliance and effective risk management is maintained;
• Develops, implement and maintains insurance strategies and financing techniques to appropriately deal with any unanticipated losses; 
• Keeps Senior Executives informed of regulatory, legislative and best practices changes and their obligations under these changes, as well as how they impact the Ministry;
• Works closely with key stakeholders to understand the business requirement for projects;
• Designs and delivers training and presentations at workshops, seminars and other meetings, to further an understanding of the basics of risk management;
• Guides the development and implementation risk responses to ensure that risk factors and events are addressed in a cost-effective manner and in line with business objectives. Attends Public Accounts Committee (PAC) and Public Administration and Appropriations Committee (PAAC) of the Parliament of Jamaica to support the Senior Director as applicable; 
• Convenes and attends internal committee meetings to address Enterprise Risk Management matters and other executive directives as necessary; 
• Represents the Senior Director at meetings, conferences, workshops and seminars;
• Performs all other duties and functions as may be required from time to time. 

Required Skills and Competencies

• Strong analytical skills. 
• Excellent planning and organization skills. 
• Excellent problem solving and decision-making skills. 
• Excellent leadership skills. 
• Excellent time management skills. 
• Must be goal/result oriented. 

Minimum Required Qualification & Experience

• Bachelor’s Degree in Management Studies, Public Administration, Business Administration, or a related discipline; 
• Specialized training in Risk Management; 
• Five (5) years related experience, with at least three (3) years in a Risk Management role. 

The Ministry of Legal and Constitutional Affairs thanks all applicants for their interest, but only those shortlisted will be contacted.