Mumias Sugar Company (MSC) is the leading sugar manufacturer in Kenya with a market share of about 60%. In its leadership role, MSC has diversified into power production and currently produces 38MW of electricity of which 26MW is exported to the national grid.
To ensure that we remain competitive and sustainable in future, we are in the process of implementing our strategic plans including establishing an ethanol distillery plant that will produce 22 million litres of ethanol per annum and building a water bottling plant with a capacity of 20 million litres per annum. These projects are targeted for completion by the end of the year 2011.
To support our strategies, we are working towards improving sugarcane yields through a comprehensive cane development programme and modern cane husbandry practices while increasing quality and quantity of sugarcane production.
In line with our objectives, we are seeking highly motivated, resourceful and talented individuals to fill the Enterprise Risk Manager positions within the General Management Departments:
Department: General Management
Section: Managing Director’s Office
Job Title: Enterprise Risk Manager
Reports To: Managing Director
Section: Managing Director’s Office
Job Title: Enterprise Risk Manager
Reports To: Managing Director
Background
Senior Management, the CEO and the board continuously desire an independent and objective view regarding proposed and ongoing business plans and transactions. This is achieved through assessments of risks for the Company’s business plans and transactions and breaking them down into fundamental components with a balanced view so they can be measured, systematically evaluated and managed. This requires strategic risk control management across all the entire Company.
Job Summary
This role works with various functions to disaggregate business plans and transactions into component risks that the Company is taking on. Based on this, the function/Department improves proposed plans and transactions by mitigating downside exposures that present potential obstacles.
The objective is to improve proposed and ongoing business plans and transactions so they are more likely to succeed in creating while protecting enterprise value
Key Responsibilities
Establishes and communicates the Company’s Enterprise Risk Management (ERM) vision:
- Works with an empowered group of senior executives to define the appropriate role of risk management in the organization;
- Assists senior management in communicating that role in the organization.
Determines and implements appropriate ERM infrastructure:
- Assists management with integrating risk management with the strategic management process
- Develops and communicates risk management policies and limits, as approved by the Managing Director (MD) and the executive committee (or a designated risk management committee
- Identifies risk ownership gaps and overlaps requiring resolution to ensure appropriate ownership of the priority risks. Monitors the planned actions to fill the gaps and clarify the overlaps, working with the executive committee/Department Heads as circumstances dictate
- Works with appropriate Department Heads to establish the control environment that (1) monitors risk across the enterprise, (2) oversees and enforces risk management policies and limits, (3) instills the discipline to close significant gaps in risks management capabilities and (4) ensures that organizational cultural issues are managed effectively.
- Assists the MD and the executive committee (or a designated risk management committee) with monitoring the enterprise’s critical risks
- Directs the Enterprise Risk function with respect to (a) the collection, aggregation, summarization and assessment of data points obtained from various functions regarding risk management, performance and exposures to potential future events, and (b) the assembly and distribution of risk management reports.
Establishes, communicates and facilitates the use of appropriate ERM methodologies, tools and techniques:
- Establishes enabling frameworks such as common risk language with which to facilitate the collection, analysis, synthesis and sharing of risk and risk management data, information and knowledge
- Validates measurement methodologies in place to ascertain the integrity of the underlying data, information and knowledge
- Facilitates sharing of best risk management practices across the enterprise
Facilitates enterprise wide risk assessments and monitors the capabilities around managing the priority risks across the organization:
- Coordinates the application of risk assessments across the organization to obtain an enterprise wide view of risk
- Periodically facilitates enterprise wide assessments of risk management policies, processes, competencies, reporting and systems to identify significant gaps in the capabilities around managing critical risks
- Works with business units and support units to establish, maintain and continuously improve risk management capabilities enterprise wide
- As requested, consults with and assists managers of business units and support units during the assessment of risk and formulation of risk responses
- Conducts risk management education and training from time to time
Implements appropriate risk reporting to the board, audit committee and senior management:
- Develops measurement methodologies and monitoring methods, which aggregate risk exposures and risk management performance on an enterprise wide basis.
- Supports the reporting of risk exposures and monitoring results to the board, CEO and executive committee (or a designated risk management committee).
- Assists the MD and the executive committee with capital and resource allocation decisions
Facilitates the execution of Enterprise Risk Management (ERM) process and infrastructure. Will play both consultative and approval roles depending on the risk area.
Key Outcomes/ Results
- Appreciation and entrenchment of risk planning and management in company plans and processes
- Company executes successful business plans that protect enterprise value while continuously providing shareholder value
Education & Professional Achievements
- University degree in Accounting or Business Administration.
- Professional certification in the following relevant fields are required.
1. Auditing,
2. Accounting,
3. Risk Management
4. Information Systems
Working Experience & Skills
At least 8 years of relevant professional experience gained in a reputable professional firm or Industry, preferably manufacturing concerns
The risk manager is a senior executive and should possesses the following skill set:
- A strategic thinker, i.e., possesses the authority and resources to monitor the performance of risk units and risk owners on matters of significance to the enterprise as a whole.
- Understands that the Company must take risks to compete and thrive in the global marketplace.
- Have excellent communication, facilitation and interpersonal skills.
- A particularly strong team player with ability to organize and motivate others who in most cases may be in a more senior position.
- Ability to operate effectively and gain respect at all levels of the business, with directors, the MD functional heads and employees
- Have a strong presence and can interact effectively with senior management.
- When articulating their assignments, able to be concise and direct in their communication with top management and directors.
- An excellent and active communicator who is able to draw their influence through active communication and knowledge-sharing style.
- Be effectively able to analyse significant amounts of data and information and distill it to the key points that help senior management analyse risk in a given situation.
- Be strong in organizational technological awareness
- Have the capability to accumulate, summarize and interpret risk reports from business units, risk units, support units and assurance units.
We invite potential candidates to email their applications to jobs@mumias-sugar.com, not later than 22nd September 2010.
Mumias Sugar Company Limited encourages teamwork and positive contribution from its employees and is an equal opportunity employer, guided by local laws and International Labour Organization conventionsYou can also visit www.kenyanvacancies.com for more jobs
