Job Description
RISK & STRATEGY MANAGER (BLANTYRE)
NICO Asset Managers, a leading provider of investment solutions, is an equal opportunity employer and diversity is an integral part of our Business, History, Culture, and Identity. Inclusion is the way we treat and perceive all differences, and all forms of diversity are seen as real value for the Company.
JOB TITLE: Risk & Strategy Manager (x1)
EMPLOYMENT TYPE: Permanent
JOB OVERVIEW
Reporting to the Chief Finance Officer with a dotted reporting line to the NICO Group Head Of Risk Management, the ideal candidate will manage the Enterprise Risk Management Framework and Risk function of NICO Asset Managers Limited to ensure the mitigation of significant risks in line with NICO Asset Managers Limited and NICO Group Risk Strategies.
KEY RESPONSIBILITIES
- Prepares annual Company Risk Strategy and Company Risk Plans that support NICO Asset Managers Limited 5-year strategy for input by CEO and Group Head of Risk before Board Approval
- Implements Company Risk Strategy and Risk Plans for the company.
- Develops and maintains the company risk control self-assessments/risk registers to ensure they are up to date by engaging all risk owners/functions within NICO Asset Managers Limited
- Performs detailed root cause analysis which addresses the cause of problems/risk issues- a detailed root cause analysis to be performed on all key risk events and reported to CEO/Group Head of Risk
- Reviews compliance to risk appetite statement on a quarterly basis and escalates all Risk appetite statement breaches to the CEO, Group Head of Risk and the Board
- Embeds existing, new and/or updated ERM principles and capabilities across the company with the aim to build up “a culture of risk” and embed risk management awareness and consistent practices.
- Provides training to First Line risk champions, raising awareness of risk management and the ERM Framework processes applicable to staff.
- Organizes and facilitates workshops for process mapping of key business processes, the identification and assessment of inherent business risks and controls.
- Reporting and making presentations on the risk profile to Exco, Group Head of Risk, Board
- Finance and Audit Committee, Investment Committee; highlighting key risk indicators, ongoing risk management efforts, and recommendations for improvement.
- Undertakes project risk reviews and provides ongoing risk support through project steering committees to ensure successful closure of projects.
- Coordinates the implementation of Business Continuity Plan (BCP)
- Ensuring that all material risk events are identified, evaluated, managed and proactively reported to the Board and other relevant stakeholders.
- Consolidation and submission of Risk Management reports inline with periodical schedules.
QUALIFICATIONS
- 4 Years’ practical experience in a similar role (preferably within the financial services or investment sector)
- Bachelor’s degree in Finance, Accounting, or a related field (ACCA/CFA/MBA/ Qualification or Risk Management certification will be added advantage).
- Strong understanding of investment products and financial markets, and key stakeholder such as Malawi Stock Exchange, RBM, Stockbrokers and commercial banks.
HOW TO APPLY
Eligible employees are invited to submit their resume and cover letter to vacancy@nicoassetmanagers.com by 21st February 2025.