Manager – Risk Management at Workers’ Compensation Fund Control Board

The Workers’ Compensation Fund Control Board (WCFCB) is a social security scheme responsible for compensating workers in respect of accidents suffered and diseases contracted during the course of employment in accordance with the provisions of the Workers’ Compensation Act No. 10 of 1999 of the Laws of Zambia.

The Workers’ Compensation Fund Control Board invites applications from suitably qualified Zambian citizens to fill the following vacant position.

MANAGER – RISK MANAGEMENT (X1)

JOB PURPOSE

The Manager – Risk Management leads the investigation, analysis and assessment of risk, and the design and implementation of strategies and processes which mitigate threats to the successful Celivery of the organisation’s corporate and business plans, and desired outcomes.

B. JOB RESPONSIBILITIES

• Examines Departmental records to identify risks that the institution faces, systems and procedural weaknesses, and interviews staff to ensure recording of transactions and compliance with applicable laws and regulations.
• Coordinating the preparation of the risk management budget to ensure sufficient allocation of resources critical for the implementation of the risk management strategy in a timely manner
• Coordinating the development of the risk management work plan to ensure the risk strategy is implemented along set timelines.
• Developing an annual programme of risk management review work, to ensure risk reviews are done in a timely manner.
• Responsible for the periodic review of effectiveness of company-wide risk management framework and policy framework together with businesses.
• Defining the process for risk appetite development within the Board.
• Responsible for ensuring that there is an adequate risk infrastructure including limit structure, methodologies and management information systems.
• Responsible for developing the Risk Committee pack and regular senior management briefing packs that summarisc all key exposures across the Board.
• Responsible for reviewing of the relevant monthly and quarterly risk report produced by financial and operational risk prior to distribution.
• Responsible for ensuring adequacy of the compliance framework for all relevant requirements as prescribed by the Board.
• Responsible for ensuring thct processes for risk identification, measurement and management are in place and escalation of issues for all types of risks from all sources within the Board.
• Reporting to the Audit Committcc of tho Board in relation to the adherence to the internal systems, policies and procedures to avert risks that arise.
• Responsible for consulting and advising on actions to address significant risk issues and events. table recommendations to the Audit Committee of the Board for approvals.
• Carry out other tasks as maybe assigned.

C. JOB REQUIREMENTS

Candidates must have the following:

• Grade Twelve (12) Certificate with five (5) credits or better which should include English and Mathematics.
• Degree in Accoun ting/ ACCA/CIM A/Econcmics or equivalent.
• Master’s Degree in any Business related Field.
• At least five (5) years’ work experience as Manager – Risk Management or in similar position.
• Certified Risk Analyst, Certified Enterprise Risk Manager, or equivalent Risk Management Certification:
• Member of Institute of Internal Auditors, ZlCAor ACCA or CIMA, CISA and IRM.
• Analytical and problem solving skills involving the identification of problems, analysis of information, formulation of workable solutions and the recommendation of appropriateasolution(s).
• Communication skills of a high standard. both verbally and in writing, including proficiency in the English language and the effective presentation of inforrmation.
• Strategic planning and program evaluation skills for public or private organisations.
• Ability and experience in formulating and composing policy across a wide range of subjects relating to social security activities.
• Effectiveness in operating in teams across disciplines and departmental lines, both as a member and as a leader.
• Ability to develop new technical skills and embrace new technology and techniques.
• Well developed and effective negotiating skills.
• Project development, project management skills including budget management.
• Well developed and high level organisation skills.
• Time management.
• Interpersonal skills of a high standard.
• Ability to keep up-to-date with legislative and policy changes.
• Self-motivation and initiative.
• Adaptability to computing systems as operated by the organisation from time to time and an awareness of relevant technological applications.
• Leadership
• Customer service
• Relationship management
• Integrity
• Excellence
• Decision making
• Corporate Citizenship

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