Risk Officer at Mission for Essential Drugs and Supplies (MEDS)

Position Overview

The Risk Officer will report to the Internal Audit and Risk Manager and will be responsible for identifying, assessing, monitoring and mitigating risks while ensuring the organization complies with regulatory and internal policies.

Key Responsibilities

• Work with management to identify, assess and develop mitigation plans for risks according to the organization's Enterprise Risk Management framework and update the enterprise risk profile
• Provide assurance over strategic risks faced by the organization and develop relationships with both internal and external stakeholders in managing risks
• Perform risk assessments, scenario analysis and stress tests on financial, operational, business continuity and compliance risks
• Implement risk mitigation strategies tailored to identify and address potential threats and identify opportunities for the organization to harness
• Proactively follow up on action plans developed by management or various committees to address risk exposures and report on outcomes
• Prepare risk and compliance reports for presentation to senior management and the Board
• Monitor key risk indicators (KRIs) using both lagging and predictive indicators
• Implement and maintain internal risk and compliance policies and procedures
• Support the development, implementation and testing of comprehensive business continuity planning (BCP) strategies and disaster recovery plans
• Conduct ICT-related risk assessments, vulnerability and penetration testing around the ICT infrastructure and related assets
• Identify and investigate compliance breaches, fraud or unethical practices
• Conduct training sessions for employees on risk management to facilitate the embedding of a risk-conscious culture across the organization
• Work closely with Heads of Departments and Sectional Managers to address risk and compliance concerns
• Keep abreast of applicable laws, regulations, rules and standards in the risk and compliance field