Risk Associate

Job Description of a Risk Associate

Job Title:

Risk Associate

Location:

Head Office

Grade Level:

Department:

Shared Services

Reports to (Title):

Risk Manager

Direct Reports:

Risk Control Officer

Job Purpose

To ensure the development and implementation of risk policies and procedures in the organization

Core Responsibilities and Key Result Areas

Risk Assessment & Monitoring

• Consult with relevant units to determine, quantify, and mitigate risks involved in establishing and maintaining various customer and industry relationships


• Perform tracking and reporting on risk strategy implementations and validating post implementation within the organization


• Proactively seek and recommend enhancements to internal processes


• Prepare and update organization risk register on weekly and monthly basis


• Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions

Compliance

• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities


• Implement set processes and controls to eliminate or mitigate potential risks


• Perform internal control functions to minimize risk in the company

Key Performance Indicators

• Quality of risk control assessments


• Quality of business improvement opportunities provided

Knowledge Requirements

• Knowledge of legislations, its changes and developments as they affect the Food Industry,


• Knowledge of Fundamentals of Accounting


• Knowledge of Risk & Compliance standards or processes


• Knowledge of legal standards and in-house policies


• Knowledge of reporting procedures and record keeping


• Knowledge of the QSR/Food Industry practices Good interpersonal, communications and flexibility

Job Specifications

Educational Requirements

Professional Requirements

Experience Requirements

• A good first degree in Law, Finance, Accounting, or any other related areas

• Membership of the ICAN, ACCA or any other related professional qualification is an added advantage

• Minimum of 2 years work experience in an administrative capacity in a similar industry / environment

Decision Expectations

• Recommend business improvement opportunities


• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities


• Assist in risk minimization

Working Conditions

Jobholder typically work 40 hours per week, Monday to Friday, although there may involve weekend or evening work. This role is largely office-based, although at times the individual may require travel to meetings held off-site, as the company has more than one office. The role requires precision and attention to detail, as it involves managing risks.

Contacts and Purpose of Contact

Internal Contacts (most frequent contacts)

Purpose of Contact

• Food Concepts Management


• Heads of Departments


• Employees

• Exchange or provide information


• Obtain, clarify, and discuss information


• Present, discuss information and problems


• Collaborate, negotiate and present ideas

External Contacts (most frequent contacts)

• Service Providers/ Vendors

Authorisation

DMD/HD Name and Signature:

Date: