Business Risk Manager, Labamu Venture, SC Ventures
Full Time
Others
Job Description
Background:
Labamu was established in 2023. Labamu provide sales digitisation & embedded financing service to M/SMEs. Through these service Labamu uplifts participation in financial services for businesses of all sizes and levels the playing field of finance and commerce providing opportunities for more people and communities to participate, to grow and to contribute economic prosperity. Labamu focusses on (a) business that support sustainable supply chains, and (b) empowering female business owners.
About the Role
We are looking for a Business Risk Manager who will manage risk across all aspects of the business.
Responsibilities
The role of the Business Risk Manager - Governance is to partner and support the Labamu's Compliance, Risk and Governance team to proactively identify, quantify, prioritise and mitigate operational risks, improve risk controls and maintain focus on operational excellence and sustainable solutions.
Risk Remediation
• Accountable for ensuring risks identified are bona fide and articulated precisely and in the right context.
• Accountable for ensuring proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
• Accountable for leading the work with the Process owners (GPO) and Risk Framework owners (RFO) on the execution of the remediation plan, the design of control and control monitors to remediate the identified risks. Ensure new controls and monitors are tested in BAU.
• Accountable for providing all evidence as required to the RFO and Audit teams to validate the closure of the identified risks.
Risk Management
• Accountable for managing the operational risk for the entire life cycle of the Labamu business. Ability to connect the themes and issues across the products, functions and locations.
• Accountable for monitoring control execution trends and internal/external events to proactively identify non-financial risks. Identifies sources of risks through changes in the external environment, new regulation, new products, changes to business strategy, incidents, reviews and other measures of control effectiveness.
• Accountable for performing reviews and assesses risk metrics (losses, near miss incidents, control effectiveness data in order to identify top themes and trends.
• Accountable for driving end to end risk assessment initiative to proactively identify and remediate control weaknesses.
• Accountable for maintaining a comprehensive insight into the current and emerging profile.
• Accountable for evaluating the appropriateness of the organization's frameworks for governance, risk and control.
• Accountable for ensuring that when processes change, controls and monitors are fit for purpose and redesign where necessary.
• Accountable for periodically reviewing controls and ensuring they are fit for purpose, rationalizing risks and control monitors where possible.
• Accountable for leading the design and implementation of new controls and monitors required to fulfill new internal policy/regulatory requirements.
Risk Escalation
• Accountable for completing high quality and timely risk documentation - top risk profiles, residual risk assessments, risk treatment plans for material risk events elevated residual risk treatment plans, management action plans, risk committee papers.
Audits
• Accountable for coordinating various internal/external audits/reviews and liaising with various stakeholders to ensure timely and accurate information is provided.
• Accountable for tracking actions against audits / reviews and reporting the status of these actions periodically to the appropriate governance forums, to ensure timely closure.
• Accountable to deconflict the reviews from three lines of defence.
Governance
• Accountable for performing policies and standards.
• Accountable for defining Labamu's guidance for the implementation of newly released or revised policies and frameworks.
• Accountable for coordinating the Monthly Performance and Quarterly Performance reviews on risk matters
Regulatory & Business Conduct
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Labamu. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and Labamu's Code of Conduct.
• Proactive in seeking regular assurance that the Business Risk Management teams are performing to an acceptable control assessment standard as per the defined Enterprise Risk Management Framework / Operational Risk Types Framework.
• Lead the team to achieve the outcomes set out in Labamu's Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Labamu Management Team
• CRCO / CRCO team
• COO / COO team
Our Ideal Candidate
• Professional qualifications related to accountancy or business an advantage
• Preferably having worked in a large multinational Financial Institution
Role Specific Technical competencies
• 5 years of experience in a risk, governance or controls role
• Domain expertise in Fintech / eCommerce market
Business Risk Manager, Labamu Venture, SC Ventures
Labamu was established in 2023. Labamu provide sales digitisation & embedded financing service to M/SMEs. Through these service Labamu uplifts participation in financial services for businesses of all sizes and levels the playing field of finance and commerce providing opportunities for more people and communities to participate, to grow and to contribute economic prosperity. Labamu focusses on (a) business that support sustainable supply chains, and (b) empowering female business owners.
About the Role
We are looking for a Business Risk Manager who will manage risk across all aspects of the business.
Responsibilities
The role of the Business Risk Manager - Governance is to partner and support the Labamu's Compliance, Risk and Governance team to proactively identify, quantify, prioritise and mitigate operational risks, improve risk controls and maintain focus on operational excellence and sustainable solutions.
Risk Remediation
• Accountable for ensuring risks identified are bona fide and articulated precisely and in the right context.
• Accountable for ensuring proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
• Accountable for leading the work with the Process owners (GPO) and Risk Framework owners (RFO) on the execution of the remediation plan, the design of control and control monitors to remediate the identified risks. Ensure new controls and monitors are tested in BAU.
• Accountable for providing all evidence as required to the RFO and Audit teams to validate the closure of the identified risks.
Risk Management
• Accountable for managing the operational risk for the entire life cycle of the Labamu business. Ability to connect the themes and issues across the products, functions and locations.
• Accountable for monitoring control execution trends and internal/external events to proactively identify non-financial risks. Identifies sources of risks through changes in the external environment, new regulation, new products, changes to business strategy, incidents, reviews and other measures of control effectiveness.
• Accountable for performing reviews and assesses risk metrics (losses, near miss incidents, control effectiveness data in order to identify top themes and trends.
• Accountable for driving end to end risk assessment initiative to proactively identify and remediate control weaknesses.
• Accountable for maintaining a comprehensive insight into the current and emerging profile.
• Accountable for evaluating the appropriateness of the organization's frameworks for governance, risk and control.
• Accountable for ensuring that when processes change, controls and monitors are fit for purpose and redesign where necessary.
• Accountable for periodically reviewing controls and ensuring they are fit for purpose, rationalizing risks and control monitors where possible.
• Accountable for leading the design and implementation of new controls and monitors required to fulfill new internal policy/regulatory requirements.
Risk Escalation
• Accountable for completing high quality and timely risk documentation - top risk profiles, residual risk assessments, risk treatment plans for material risk events elevated residual risk treatment plans, management action plans, risk committee papers.
Audits
• Accountable for coordinating various internal/external audits/reviews and liaising with various stakeholders to ensure timely and accurate information is provided.
• Accountable for tracking actions against audits / reviews and reporting the status of these actions periodically to the appropriate governance forums, to ensure timely closure.
• Accountable to deconflict the reviews from three lines of defence.
Governance
• Accountable for performing policies and standards.
• Accountable for defining Labamu's guidance for the implementation of newly released or revised policies and frameworks.
• Accountable for coordinating the Monthly Performance and Quarterly Performance reviews on risk matters
Regulatory & Business Conduct
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Labamu. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and Labamu's Code of Conduct.
• Proactive in seeking regular assurance that the Business Risk Management teams are performing to an acceptable control assessment standard as per the defined Enterprise Risk Management Framework / Operational Risk Types Framework.
• Lead the team to achieve the outcomes set out in Labamu's Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Labamu Management Team
• CRCO / CRCO team
• COO / COO team
Our Ideal Candidate
• Professional qualifications related to accountancy or business an advantage
• Preferably having worked in a large multinational Financial Institution
Role Specific Technical competencies
• 5 years of experience in a risk, governance or controls role
• Domain expertise in Fintech / eCommerce market
Business Risk Manager, Labamu Venture, SC Ventures
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