Senior Risk Associate

Summary: The Senior Risk Associate (SRA) plays a pivotal role in supporting the Chief Risk Officer (CRO) in identifying, assessing, monitoring and mitigating risks across the organization This role involves administering the GRC system, ensuring items are closed out on a timely basis. Conducting risk-based testing, and overseeing the timeliness of Policy and Procedure updates. The SRA also assists with developing training materials, preparing and reviewing reports for the Audit and Risk Committee (ARC) and performing a variety of administrative tasks that underpin the organization's risk framework. This position requires a detail- oriented and proactive professional with a strong understanding of risk frameworks and the ability to manage multiple priorities effectively.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Assist the CRO in the development and implementation of the Enterprise Risk Management

Framework in alignment with the organization's goals and regulatory requirements.

• Conduct the administration of the organization’s Risk Register (including self-assessment processes),

KRI suite and control framework, in conjunction with the CRO

• Collaborate with the CRO, broader senior management and various departments to map and

implement effective controls, in order that that the organization’s current and emerging risks are effectively managed, monitored and mitigated where relevant.

• Draft and update risk team policies and procedures.
• Monitor and manage the organisation’s periodic review of its suite of policies and procedures,

reminding key stakeholders when reviews are due to be completed and providing relevant reporting to the ARC.

• Assisting in developing and producing regular MI reporting to track and monitor the organization’s risk

framework and control effectiveness, including working on data analysis and preparation of monitoring metrics.

• Act as the main point of liaison the Internal Auditors and the business operations, ensuring requests

are responded to on a timely basis, assisting with reviewing responses to reports and testing to ensure that internal audit recommendations have been fully implemented.

• Promote a risk-aware culture through training, advisory support to business units, and integration of

risk considerations into product approvals and strategic initiatives.

• Participate in incident response, business continuity planning, and root-cause analysis following

significant events.

• Stay abreast of industry trends, regulatory changes, and emerging risks to proactively address

potential challenges.

• Provide expert advice and guidance on risk-related matters to support informed decision-making across the organization.
• Develop and maintain strong relationships with internal and external stakeholders, including

regulators, auditors, and industry peers.

REQUIREMENTS

• At least 5 years’ experience in compliance, risk management, or a related regulatory field, preferably

within the financial services industry.

• In-depth knowledge of risk management principles, practices and related regulatory requirements.
• Strong analytical and problem-solving skills with an ability to interpret complex risk requirements and

translate into business processes and controls.

• Excellent written and verbal communication skills, with the ability to present complex information clearly

and concisely to diverse audiences.

• Strong organizational and project management skills, with the ability to prioritise and manage multiple

tasks effectively

• Ability to work under own initiative whilst managing multiple tasks and deadlines in a fast-paced

environment

• Ability to build relationships across departments and work collaboratively with other second line teams

and across the business

• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).

Salary range is USD$115,000.00 – USD$118,000.00 per annum based on experience and qualifications.