Head of Risk & Loss Control

Oct 19, 2023 | Closed, Middle Managerial Positions

Our client provides IT Solutions – and seeks to appoint the Head of Risk and Loss Control. 

Purpose: 

The primary purpose of this role is to safeguard the company’s assets and improve operational efficiency by: 

  • Developing and implementing comprehensive loss control and risk management programs.
  • Administering strategies to mitigate operational and financial risks.
  • Conducting in-depth research to identify vulnerabilities and proposing cost-effective solutions to losses. 

Responsibilities: 

  • Develop and execute the department’s annual work plan and budget, while consistently monitoring expenditures against set objectives
  • Analyse existing processes to identify areas for improvement in technology, organization, and overall risk control, and effectively communicate recommendations.
  • Collaborate with the Legal and Compliance departments to ensure all internal policies are aligned with corporate guidelines and regulatory requirements.
  • Oversee the safety and security measures in place across all company properties, ensuring the protection of both assets and operations.
  • Manage internal and external investigations into security breaches, while spearheading awareness campaigns to prevent future incidents.
  • Regularly analyze risk-related data metrics and create comprehensive reports for senior management, aimed at providing insights and actionable strategies.
  • Engage with internal and external stakeholders to better understand risk landscapes and develop collaborative approaches for risk mitigation.
  • Work with the Operations Department to define the risks associated with the development and operation of all systems company-wide.
  • Design and conduct training sessions on risk awareness and compliance protocols to instill a culture of risk management across the organization.
  • Evaluate and monitor the risk profiles of vendors and third-party partners, recommending risk mitigation strategies when necessary.
  • Develop, maintain, and test Business Continuity Plans (BCP) and Disaster Recovery Plans (DRP) to ensure organizational resilience.
  • Act as the point person during crisis situations, coordinating across departments to manage and mitigate immediate risks.
  • Work closely with the Finance department to assess financial risks like currency exposure, and credit risks and advise on risk transfer strategies.
  • Assess risks related to new and existing technologies and provide mitigation strategies, ensuring technology adoption aligns with the company’s risk appetite.
  • Regulatory Updates and Compliance Audits
  • Keep abreast of changes in laws and regulations that might affect the company’s risk profile and update compliance policies accordingly.
  • Work with the sales and customer service departments to assess and manage risk associated with customer engagements and contracts. 

QUALIFICATIONS & EXPERIENCE 

  • Undergraduate Degrees in Accounting, Business, Finance, Computer Science, Information Technology, and Economics is compulsory, Post Graduate Degree or equivalent is an added advantage.
  • 5 plus years of Risk and Loss Control analysis experience in the Information Technology sector is compulsory.
  • ACCA, Certified Information Systems Auditor (CISA) is also an added advantage. 

For consideration, please send your updated CV in Word format and provide your current salary and benefits details to:  

Mirriam Dzapasi: mirriam@valcol.co.zw

Colin Roberts: colin@valcol.co.zw