Manager, Financial Risk Management

Job description

Job Purpose: This role is responsible for evaluating, managing, and mitigating financial risks, including market risks with focus on foreign exchange, commodity price and rate risks and credit risk. The Manager, Financial Risk Management ensures alignment with the employer’s financial performance objectives, risk appetite, and regulatory requirements while supporting sustainable financial stability. Key Functional Responsibilities: • Determine and evaluate financial risks, including market risks (with focus on foreign exchange, commodity price and rate risks), credit risk, and assess the impact of these risks on the employer’s financial performance. • Monitor and analyze market trends, economic indicators, interest rates, currency movements, and commodity price changes that may impact the employer’s financial performance. • Develop and implement strategies to mitigate exposure to market risks, including interest rate risk, foreign exchange risk, and commodity price risk, and develop, implement, and maintain the related internal policies and procedures. • Develop, implement and maintain the related internal policies and procedures to manage exposure to credit-related losses and counterparty risks. • Develop, maintain, and enhance financial risk models to quantify, monitor, and analy ze risk exposures. • Ensure compliance with applicable financial regulations, internal policies, and industry risk management standards. • Promote a risk-aware culture within the employer through guidance, communication, and collaboration with stakeholders. • Collaborate with colleagues across the F inance division and other divisions to align risk management activities with corporate objectives and financial strategies Key Managerial Accountabilities: • Achieve the assigned objectives through the setting of individual objectives, managing performance, and developing and motivating staff. • Participate in the development of the section’s business plans according to the department objectives. • Ensure the effective implementation of policies, procedures and controls covering all areas of assigned activities. • Prepare the budget required from the section and monitor financial performance versus the budget while ensuring unit activities are conducted in line with the approved guidelines. • Manage the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering leading standards, productivity improvement and cost reduction. • Ensure that all section reports are prepared timely and accurately and meet the employer ’s requirements, policies, and quality standards. • Ensure non -disclosure of confidential information within or outside the employer • Ensure adherence to the Health, Safety, Security, Environment policies and standards across all business functions under the department. Job Requirements: Education: Bachelor's degree in finance, Accounting or equivalent. Experience: 6 years minimum, 2 years in leadership role. Participate in the development of the key objectives and plans related to the risk management processes, manage and organize the risk identification processes in the various operations and activities of the entity and its organizational units, develop the appropriate systems, mechanisms and standards for managing these risks, analyze their severity, and propose the appropriate means to tackle them

Requirements

• Bachelor degree in Management and administration
• Leadership
• Decision Making
• Problem Solving

Skills