Project Risk Officer
Project Risk Officer
Cardiff City Centre
Up to £27,500 (dependnt on experience) & annual bonus
35 hours per week
Are you an innovative forward thinking individual with a passion for new projects and risk analysis?
Do you have experience of juggling many priorities at once and can be flexible with your time whilst possessing an enthusiastic and professional manner?
Could you assume responsibility for debrief meetings with senior management and would like to utilise your existing skills in an innovative and market leading finance company?
Based in the heart of the Cardiff City Centre,in our state of the artbrand new building, the Operational Risk Department is integral in ensuring the continued success of MotoNovo Finance.
The individual will assist the Risk Manager and Risk Management in providing EXCO, ARC & BARCO with assurance that:
·systems & controls are adequate in relation to business processes;
·where required - processes and procedures in relation to systems & controls are appropriately challenged;
·the risk position of business functions and the business as a whole is understood, monitored and accurately reported;
·the Process based Risk and Control Identification & Assessment (PRCI&A) process is maintained in line with the Business Assurance & Risk Programme.
As a MotoNovian you can enjoy a fantastic benefits packageranging from a first rate pension scheme, discount shopping, additional perks such as extra days offfor your birthday, Christmas shopping days and so much more in between.
Please note that candidates must successfully complete a credit check prior to attending an interview.
We are committed to the achievement of equal opportunities.
For more detail regarding this opportunity, please read on
1.Facilitate, monitor and advice risk management processes (i.e. PRCIA) on all key projects in accordance with the MotoNovo Business Assurance & Risk Framework - in line with professional standards put in place by the business and with accurate and timely reporting provided.
2.Assist management and the project manager(s) in identifying and assessing business risks and propose actions or mitigating controls to manage these risks in accordance with the ORMF and its sub-policies.
3.Actively participate in the project risk management meetings to ensure that project risks are being identified, managed and reported on a continuous basis.
4.Report on the status of key projects from a risk management perspective and report and escalate significant (i.e. high and very high risk) project risks and issues (based on the MNF risk rating methodology) through the normal operational risk management processes and governance structures as soon as these risks and issues are identified.
5.Support the project manager in escalating any material issues, including the absence of the risk management function from key projects, to the executive sponsor, business unit CEO and segment/divisional risk management function (as may be applicable).
6.Undertake and manage ad-hoc reviews as requested by Management, Senior Management and Senior Executives across all business areas - with accurate results reported detailing relevant conclusions and recommendations.
7.Research, plan and prepare, as required, to effectively complete each review. This will include analysis of: processes; procedures; and risk event logs that detail ‘near misses’ and ‘operational losses’.
8.Evaluate business processes, risks, controls, policies and procedures in relation to key business objectives , and when risks are identified and assessed, challenge management’s own assessment of such risk.
9.On completion of Project risk assessment and/or ad hoc risk assessments – produce a comprehensive report that identifies any significant risk exposures, control weaknesses, corporate governance issues, regulatory concerns, business opportunities, as well as any other matters that fall outside of the scope of the agreed reporting format.
10.Assist the Risk Manager to:
·establish, and continuously develop, effective controls that will help prevent system or process failures, and in doing so – help reduce the likelihood and impact of such failures;
·assess whether the design of systems & processes allow for compliance with regulatory, FirstRand group, and other requirements;
·ensure that emerging risks, project risks and key risks relating to MotoNovo Finance’s strategic objectives are appropriately monitored;
·monitor Key Risk Indicators, and Risk Events including Operational Losses and Near Misses and understand the overall risk position of the business.
11.Monitor and report progress against actions and recommendations that arise out of the various Risk Management reviews.
12.Document and report – risks & controls, KRI’s and risk events to ensure risks are monitored and reported to an acceptable level.
13.Assume responsibility for debrief meetings with senior management and Executives to discuss findings and conclusions arising from review work, in conjunction with the Risk Manager.
14.Undertake review work in a knowledgeable, enthusiastic and professional manner at all times.
15.Assist external auditors, regulators and other internal and external review functions as required by the Business Assurance & Risk Management Team.
16.Acquire and maintain a comprehensive knowledge of Company activities, products and services, in order to provide a knowledgeable service at all times.
17.Continue to develop self and role by studying relevant training materials with view to achieving role specific professional qualifications.
18.Ensure company policies & procedures within the scope of the role are adhered to at all times.
19.Undertake any other reasonable tasks as and when requested by Senior Managers.
The above is a broad definition of the job responsibilities.It does not take into account every aspect of the job which the jobholder may be required to perform.Flexibility is essential since the jobholder’s working hours will be determined by the requirements of the business