Develop and implement a comprehensive risk management strategy that aligns with the company’s long-term objectives, operational goals, and industry best practices.
Enhance the company’s processes for risk identification, assessment, and mitigation to reduce financial, operational, strategic, and compliance-related risks.
Continuously monitor the external environment (economic, political, regulatory) and internal business processes to identify potential risks proactively.
Promote a risk-aware culture throughout the organization, ensuring all employees and stakeholders understand their roles in managing risk.
Advise senior leadership on the impact of various risks on the company’s growth and financial health.
Operational Objectives
Lead the development, review, and implementation of the company's risk management policies and procedures.
Establish and maintain a risk register to track, evaluate, and prioritize risks, with defined mitigation and management plans.
Conduct risk assessments and facilitate risk workshops to identify new and emerging risks in the energy sector, particularly in Nigeria and the broader international market.
Coordinate and oversee risk reporting mechanisms, ensuring that risk data is accurate, timely, and accessible to key decision-makers.
Ensure compliance with local and international regulations, industry standards, and corporate governance frameworks.
Develop and lead training programs to raise awareness of risk management practices and control procedures across departments.
Regularly review and test internal controls to ensure they remain effective and adapt them as necessary to mitigate risks.
Prepare reports and presentations for senior management on risk management activities, including recommendations for risk mitigation and control enhancements.
Provide risk-related advice for major business projects, ensuring risk is considered in the early stages of project development.
Key Responsibilities
Risk Identification & Assessment
: Proactively identify potential risks related to operations, finance, regulations, cybersecurity, environmental factors, and geopolitical influences. Conduct regular risk assessments and analysis of the company's exposure.
Risk Mitigation Strategy
: Develop and implement appropriate strategies to mitigate identified risks, including creating action plans, controls, and processes that prevent or reduce the impact of risks.
Internal Control Oversight
: Design and monitor internal controls to mitigate risks, particularly in critical areas such as financial reporting, compliance, safety, and operational processes.
Risk Reporting
: Produce timely risk reports for management, highlighting key risks, potential impacts, and mitigation strategies. Maintain up-to-date risk records and dashboards.
Regulatory Compliance
: Stay updated on local and international regulatory changes in the energy sector and ensure that the company's activities comply with applicable laws and standards.
Training & Awareness
: Lead initiatives to ensure all employees are trained on risk management practices and their roles in mitigating risks.
Crisis Management
: Support crisis management planning and response, providing risk-related insights and coordinating risk mitigation strategies during unforeseen events or incidents.
Stakeholder Management
: Collaborate with external stakeholders, including regulators, insurers, and auditors, to ensure the company’s risk management practices align with industry standards and requirements.
Requirements
A minimum of 7-10 years of experience in risk management or a related field, with at least 3 years in a managerial or leadership role within the energy industry.
Bachelor’s degree in Finance, Business Administration, or a related field.
Master’s degree (MBA, MSc in Risk Management, or related fields) is an added advantage.
Demonstrated experience in developing and implementing risk management strategies, policies, and controls.
Proven track record of managing complex risk scenarios in a large organization, particularly in the energy or infrastructure sectors.
Experience in regulatory compliance and risk reporting, including working with auditors, regulators, and external stakeholders.
Experience in crisis management, including effectively managing high-risk situations and emergencies
Professional certifications such as ICAN, Certified Risk Manager (CRM), and Certified Internal Auditor (CIA) are highly desirable.
Full-time position based in Nigeria with occasional travel to project sites or international offices.
The position may require long working hours depending on the risk environment and project deadlines.
Will be part of a dynamic and collaborative team focused on addressing challenges and driving success in the energy sector.
Benefits
Competitive salary
About TOTAL DATA LTD
Total Data Limited is a management consultancy firm.
