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About ORMC
At Office of Risk Management and Compliance, we not only manage risks to build the University’s resilience but also help shape them into opportunities to empower the community.
We will continually support and partner with our stakeholders within the University to make this possible.
Job Description
The incumbent will work with the unit head in the development and implementation of the university's strategic risk management framework. This role requires a high level of expertise in identifying, assessing, and formulating mitigating measures to manage strategic risks that could impact the university's strategic objectives and long-term goals. The incumbent will work closely with faculties, schools and administrative departments to ensure a comprehensive approach to risk management, including fostering a culture of proactive risk awareness and continuous improvement.
- Strategic Risk Assessment:Conduct comprehensive strategic risk assessments to identify strategic risks that could impact the university's long-term objectives.
Conduct scenario planning exercises to anticipate and prepare for future risks and uncertainties.
Develop risk scenarios and evaluate their potential impacts on the university.
- Strategic Risk Management:Develop and maintain a strategic risk register, including analysing the key risks’ impact and likelihood for prioritisation and monitoring.
Devise and implement strategic risk mitigation strategies and action plans to address identified risks.
- Strategic Risk Management Framework:Design, develop, and implement a strategic risk management framework that aligns with the university’s goals and objectives.
Lead the development and implementation of strategic risk management policies, procedures, and manuals to guide internal stakeholders.
- Stakeholder Engagement and Communication:Facilitate strategic risk workshops and training sessions to build strategic risk management capabilities within the university.
Engage with management, faculties, schools and administrative departments to embed strategic risk management processes across the university.
- Monitoring and Reporting:Develop key risk indicators (KRIs) and risk dashboards to provide effective strategic risk monitoring for the university.
Monitor the implementation of strategic risk management strategies for relevance and effectiveness.
Prepare and present regular and ad-hoc strategic risk reports to the Risk Management Steering Committee (RMSC) and other platforms or committees as required.
- Research and Intelligence:Research emerging trends, threats and opportunities to keep the management informed of such developments, highlighting potential impacts and opportunities for the university.
Contribute to the development of the risk insights report to be shared with the university’s management team.
Qualifications
- Degree in Business Administration, Risk Management, Economics, Finance, or a related field
- Minimum of 8-10 years of experience in strategic planning, strategic research, strategic risk management or business consulting.
- Strong expertise in strategic planning and strategic risk management principles and frameworks.
- Proven experience in business consulting, business planning, product development and/or product research.
- Excellent analytical, strategic thinking, problem-solving, and decision-making skills.
- Strong communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
- Proven track record of successfully implementing strategic initiatives in a large organisation.
