About the Role
This is a senior management position that plays a crucial role in overseeing and executing key activities within the Risk and Control Framework in SSV. The primary responsibilities include providing coordination, advice, independent challenge, and assessment related to all risk governance, reporting, and data quality activities undertaken by the NFR Function or the SSV Business/Risk Owners in alignment with NFRO model/FIM.
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Responsibilities
The responsibilities for this role include, but are not limited to:
- NFR Policy & Assurance: Understand and interpret all NFR requirements and changes, providing ongoing assurance and reporting regarding global adherence, working closely with MENA NFR teams and 2LOD stakeholders.
- FIM Policy: Comprehend the FIM Policy Framework and manage the cascade and adoption of any changes.
- Governance & Reporting: Oversee the delivery of appropriate risk governance arrangements and related reporting, including ad-hoc reporting as needed.
- Assurance & Monitoring: Assist the NFR function in designing and delivering a suitable risk-based assurance and monitoring program, including substantive control testing, KRI, and Thematic Reviews.
- Risk & Control Assessment (RCA): Help ensure the SSV RCA is dynamically maintained based on relevant risk triggers.
- Stakeholder Liaison: Support any related risk and control activities, including interaction with Internal/External Audit, Regulatory Authorities, and key internal stakeholders.
Principal Accountabilities
- Manage and Oversight:
- Drive management, coordination, and execution of risk management activities across SSV.
- Maintain relationships with 2nd/3rd line of defense risk functions and interact regularly with appropriate MSS and OPS Risk internal colleagues.
- Oversee the monitoring of risks and services against group/divisional standards and external requirements.
- Ensure clarity and execution of the risk governance framework, including effective escalation paths.
- Act as a key contact for SSV risk and control framework, policies, governance, and reporting arrangements.
- Customers / Stakeholders:
- Support NFR and SSV Senior Management in managing risks appropriately.
- Facilitate communication across SSV, MSS, OPS Risk, Global Functions, and DBS on the Risk and Control Agenda.
- Provide internal and external benchmarking when applicable.
- Leadership & Teamwork:
- Support HBSA vision, values, goals, and culture through personal behavior and decision-making.
- Provide technical leadership and foster a culture of knowledge sharing.
- Encourage cross-country and cross-business teamwork, demonstrating collaboration.
- Operational Effectiveness & Control:
- Drive robust execution of the SSV risk management framework, ensuring awareness and compliance.
- Regularly review business risk management policies and processes, assisting in minimizing disruption.
- Implement oversight of the risk and control framework, managing operational risks effectively.
- Assist in ensuring the business understands its inherent risk profile and manages residual risks within appetite.
Major Challenges
- Overseeing a diverse and complex risk, control, and regulatory environment that is continuously evolving.
- Keeping pace with external regulatory developments, market trends, and competitor activity.
- Collaborating within a global business spanning 38 countries while meeting Group risk management standards.
- Engaging with internal and external stakeholders to develop sustainable solutions for SSV.
- Challenging the risk profile respectfully with peers across MSS and relevant Global Functions.
Role Context
- Report functionally and report entity to the Head of SSV, NFR Governance, Reporting, and Data Analysis.
- Establish close working relationships with relevant NFR teams and stakeholders across MSS and Group Functions.
- Key role in SSV Risk Governance, Reporting processes, and NFR activities.
- Deputize management roles at SSV and MSS Governance Forums as needed.
Compliance and Internal Controls
- Adhere to compliance policies and demonstrate adherence to internal controls.
- Collaborate with compliance officers to contain compliance risk, ensuring adequate resources and training are in place, fostering a compliance culture.
Knowledge & Experience / Qualifications
- Educated to undergraduate or post-graduate degree level in Accountancy, Finance, or related field.
- Strong leadership and management ability, with a deep understanding of the company structures and objectives, especially in risk management.
- Broad knowledge of external environments (regulatory, political, competitors).
- Proven capabilities in managing virtual teams in a global business context and effectively articulating complex issues.
- Relationship management skills to influence peers and a strong track record in major business transformation activities.
