TWK Agri has the following vacancy available: Head of Group Risk Management within the Finance division at Pretoria, Gauteng.
Job Summary:
The Head of Group Risk is responsible for leading the risk management function across the Group. This role involves developing and implementing risk management strategies, policies, and procedures to identify, assess, mitigate, and monitor risks that could impact the company's financial performance and overall business objectives, particularly in the context of the agriculture industry. This role will report to the Group CFO.
Responsibilities and Duties:
Risk Management Framework
Develop and maintain a comprehensive risk management framework tailored to the industry
Ensure the framework aligns with the company's strategic objectives and regulatory requirements
Document and communicate the risk management framework, including policies, risk appetite statements, and processes
Risk Identification and Assessment
Identify and assess potential risks specific to the agriculture & forestry sector, including financial, operational, environmental, and compliance risks
Conduct regular risk assessments and scenario analyses to evaluate the impact of identified risks on the company's operations and financial performance
Maintain a risk register that captures all identified risks, their potential impact, and likelihood of occurrence
Risk Mitigation and Control
Develop and implement risk mitigation strategies and action plans to address identified risks
Establish and maintain internal controls to prevent, detect, and mitigate risks
Evaluate and implement risk transfer mechanisms, such as insurance, to manage residual risks
Monitoring and Reporting
Develop key risk indicators (KRIs) to monitor the effectiveness of risk management activities and identify emerging risks
Conduct regular reviews of the risk management framework to ensure its continued relevance and effectiveness
Prepare and present regular risk reports to senior management, the board of directors, and other stakeholders, highlighting key risks, mitigation efforts, and changes in the risk profile
Compliance and Regulatory Requirements
Ensure the organisation complies with relevant regulatory requirements and industry standards related to risk management in the agriculture sector
Stay updated on changes in regulations and assess their impact on the company's risk profile
Collaborate with internal and external stakeholders, including auditors, regulators, and business partners, to address risk-related matters
Leadership and Team Management
Lead and manage the risk management team, providing guidance, support, and development opportunities
Foster a risk-aware culture within the organisation through training and awareness programs
Stakeholder Engagement
Collaborate with internal and external stakeholders, including auditors, regulators, and business partners, to address risk-related matters
Act as a key point of contact for risk management inquiries and initiatives
Qualifications and Skills:
Bachelor's degree in Finance, Accounting, Risk Management, Law or a related field
Master's degree in Business Administration (MBA)
Minimum of 8 years' experience in financial risk management within a diversified environment including but not limited to corporate risk, finance, financial services, insurance, agriculture and forestry
Relevant certifications
At least 3 years' experience in a senior managerial or leadership role
Strong knowledge of risk management frameworks, methodologies and best practices
Experience with regulatory compliance and governance in the agricultural sector
Experience in change management, particularly in implementing risk-related strategies
Familiarity with financial risk analysis, credit risk, operational risk and environmental risk assessment
Ability to foster a risk-aware culture within the organisation
Bilingual (Afrikaans and English)
Valid Driver's License
Willing to travel
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