The primary purpose of this role is to support the Global Risk Management (GRM) function by providing guidance, oversight, development and training to the subsidiary-level Risk Management and Internal Control staff. The GRM will foster a collaborative and proactive relationship with the subsidiary Management teams. This will help to ensure that risk mitigation is aligned to the achievement of the strategic objectives of the FINCA Impact Finance (FIF) mission and that risks are monitored through relevant key risk indicators (KRIs), that they are quantified, effectively measured and thoroughly analysed to ensure the business functions satisfactorily within established risk appetites.
The GRM will be proactively engaged with subsidiary-level project management teams that drive their respective transformations in alignment the 'FINCA 2.0' strategic technology objectives, ensuring that project and product risks are identified, reported and mitigated. This includes direct involvement with implementation activities that ensures performance of comprehensive user acceptance testing and design of controls on an end-to-end basis.
Specific duties and responsibilities include but are not limited to: Drive top-down Risk Management functional governance and oversight to the subsidiary through collaborative engagement with the subsidiary Management Boards; engage with Management on the establishment of risk appetites, monitoring methodologies, reporting and management of corrective actions to address identified issues and control deficiencies; Define processes and activities for the Risk Management and Internal Control teams to provide risk analysis and reporting through the collection of quarterly key risk indicators (KRIs) and Internal Control reviews; Familiarization with all aspects of the Risk Management Policy and supporting Appendices, Guidelines and Manuals to ensure they remain perpetually current, relevant and understood by the subsidiary risk and internal control staff; Provide risk analysis and quarterly reporting of key projects that support the strategic initiatives of the FINCA subsidiary through proactive engagement with the project teams, with focus on digital financial services initiatives that support FINCA transformation to a '2.0' phase of innovation; Ensure the performance of the Internal Control function is in alignment with the Internal Control Manual; support training initiatives that develop the effectiveness of the Internal Control teams in each subsidiary; drive the continuous improvement of the Risk and Control Self-Assessment (RCSA) program to strengthen the second line of defense activities within each subsidiary; Proactively follow up with Management Boards for the timely resolution of corrective action plans relating to identified internal control deficiencies (whether identified through RCSA or internal audits); review of KRI reporting to support the quarterly board reporting at subsidiary and holding company levels; Timely escalation of high-risk events or scenarios that may impede the achievement of strategic objectives through identified Internal Control deficiencies, instances of fraud events and compliance-related issues.