Job vacancy Senior Risk Management Policy Analyst

Kingston

OrganisationMinistry of Finance & The Public ServiceReferenceVAC-48831Contract TypeFull-TimeIndustriesGovernment & Public SectorLocationKingstonSalary & Benefits$5,597,715 to $7,528,305 per annumDate Posted07/03/2024Expiry Date26/03/2024The Senior Risk Management Policy Analyst conducts research and analysis to inform policy initiatives and programs, supporting the implementation of GOJ Enterprise Risk Management systems and related frameworks.

 

Job Purpose

Under the leadership and direction of the Principal Director – Risk Management Policy, the Senior Risk Management Policy Analyst, manages evidence-based research and analysis mechanisms to inform the development of policy initiatives and programmes, to support the advancement and application of GOJ Enterprise Risk Management systems, legislative instruments, tools, procedures, standards and guidelines.

 

Key Responsibilities:

Technical/Professional Responsibilities

• Researches, analyses and reviews a range of complex Enterprise Risk Management Policy issues and identify emerging issues;
• Assimilates a wide array of data, policies and project information to identify key issues;
• Manages the resolution of complex and conflicting policy issues to identify the optimal long-term Enterprise Risk Management strategy;
• Develops evidence-based Enterprise Risk Management Policy options, and recommend solutions to resolve problems and mitigate policy risks;
• Contributes to the development of risk, cost-benefit and econometric models to ensure investment and policy decisions are based on a strong and rigorous evidence base;
• Assists with the development, implementation and maintenance of a strategic and annual Enterprise Risk Management plan for the GOJ;
• Manages the development and implementation of risk assessment methodologies, models and systems;
• Manages the assessment and maintenance of a risk maturity profiles for the Government of Jamaica;
• Uses a number of approaches to identify risks at the strategic and operational levels in MDAs;
• Develops protocols to appropriately assess identified risks using severity ratings and matrix;
• Develops and maintains strategic and operational risk registers for MDA’s in line with the ERM Framework and other guidelines;
• Develops of risk response strategies/mitigation plans to manage identified risks;
• Manages the coordination of risk management activities with all assurance providers, including; internal/external auditors, risk management units in MDAs, Finance & Accounts units, strategic planning, etc.;
• Identifies and analyses sector trends to continuously improve the GOJ’s risk management approach, including the identification of gaps in processes and capabilities;
• Manages quality assurance systems that ensures that risk reporting aligns with organizational performance and strategy, to support decision-making and management oversight;
• Researches, develops and implements procedures to improve internal controls, applications and practices of the GOJ enterprise risk management approaches throughout MDAs;
• Manages and delivers risk management projects and assessments by considering the need to rapidly understand, integrate information and adapt in an often changing and unpredictable environment;
• Manages high-level consultations and negotiations with key MDAs and non- governmental agencies to ensure required subject area data is available and well-integrated to produce high quality and evidence-based advice;
• Contributes to the development of internal control mechanism to guide the management of business processes under the purview of the Branch;
• In collaboration with the Legal Services Units of the AGC, contributes to the revision and amendments of the FAA Act and Regulations by providing proposals and recommendations;
• Provides expert risk management advice to the Deputy Financial Secretary - PXPC, Financial Secretary, Permanent Secretaries and other Head of Entities;
• Builds and maintains relationships with key stakeholders, facilitating their engagement in, and contribution to, the identification and development of policy solutions and risk assessment tools;
• Monitors, evaluates and report on the development and/or implementation of policies and accounting and financial assessment tools to identify issues and ensure the achievement of desired outcomes;
• Mentors and guides Risk Management Policy Analysts and support staff, ensuring compliance with governance and quality requirements, to successfully deliver policy priorities and initiatives;
• Coordinates activities of the service-wide Enterprise Risk Management Committee and performs support functions for the Secretariat;
• Works with relevant MDAs, industry and academia to research and understand potential issues in the risk management sector(s) in a GOJ context, and assesses and supports work by those actors to address these issues;
• Prepares Cabinet Submission, notes, correspondence, written reports, publications, and briefs, that are informative and aligned with MoFPS requirements, in response to MDA’s and/or GOJ requests.
• Keeps informed of developments in the public policy, accounting and financial management issues to help the Ministry operate with initiative and innovation.

Management/Administrative Responsibilities

• Contributes to the development of the Branch’s Strategic and Operational Plan and Budget;
• Develops Individual Work Plans based on alignment to the Branch’s Plan;
• Participates in sittings of the Public Administration and Appropriations Committee (PAAC)/Public Accounts Committee (PAC), meetings, seminars, workshops and conferences as required;
• Prepares reports and project documents as required;
• Prepares and delivers Public Policy presentations related to Enterprise Risk Management as needed.

Human Resources Responsibilities

• Monitors and evaluates the performance of direct reports, prepares performance appraisals and recommends and/or initiates corrective action where necessary to improve performance and/or attaining established personal and/or organizational goals;
• Participates in the recruitment of staff for the Branch and recommends, promotion, and leave in accordance with established human resource policies and procedures;
• Provides leadership and guidance to direct reports through effective planning, delegation, communication, training, mentoring and coaching;
• Facilitates welfare and development of staff in the Unit;
• Establishes and maintains a system that fosters a culture of teamwork, employee empowerment and commitment to the Division’s and organization’s goals;
• Prepares and conducts presentations on role of Division/Unit for the Orientation/Onboarding programme.

Customer Service Responsibilities

• Maintains customer service principles, standards and measurements;
• Identifies and incorporates the interests and needs of customers in business process design;
• Ensures critical success factors are identified and meets expectations;
• Prepares quarterly and/or annually Customer Service reports in accordance with established standards.

Other Responsibilities

• Performs all other duties and functions as may be required from time to time.

 

Required Competencies 

• Excellent interpersonal and team management skills
• Excellent communication skills
• Strong analytical and problem-solving skills
• Strong leadership skills
• Strong customer relations skills
• Excellent planning and organizing skills
• Excellent judgment and decision-making skills
• Ability to influence and motivate others
• Proficiency in the use of relevant computer applications
• In-depth knowledge of the development, analysis, revision and implementation of policies, procedures, guidelines, programmes and legislation;
• In-depth knowledge of policy evaluation frameworks;
• In-depth knowledge of Enterprise Risk Management principles and practices;
• Strong ability to synthesize multiple ideas and complex information into a coherent summary, as in reports and briefing notes, and to make cogent recommendation for the modification or creation of legislation, policies and programmes;
• Superior verbal and written communication skills, with the ability to deliver presentation with tact, clarity, enthusiasm and accuracy to widely varied audiences;
• A high level of initiative and self-motivation;
• Demonstrated interpersonal and negotiation skills;
• Aptitude for developing and maintaining collaborative relations with team members both within and outside the Ministry, and for functioning effectively on inter-ministerial and multi-sectoral committees and working groups;
• Familiarity with procedures, policies and legislation governing the machinery of government;
• Knowledge of the Government processes, including policy development, financial planning, performance management systems and basic theories, principles and methods of analysis;
• Knowledge of computerized systems and software, with an emphasis on the MS Office suite and projects.

 

Minimum Required Qualification and Experience

• Master’s Degree in Public Policy, Risk Management, Management Studies, Public Sector Management, Public/Business Administration, Accounting or a related discipline;
• Certification in Project Management or Change Management;
• Four (4) years’ experience in a Risk Management or Public Sector Management environment, with at least two (2) years in management capacity.

OR

• Bachelor’s Degree in Public Policy, Risk Management, Management Studies, Public Sector Management, Public/Business Administration, Accounting or a related discipline;
• Certification in Project Management or Change Management;
• Six (6) years’ experience in a Risk Management or Public Sector Management environment, with at least two (3) years in management capacity.

 

Special Conditions associated with the job

Work will be conducted in an office outfitted with standard office equipment and specialized software. The environment is fast paced with on-going interactions with critical stakeholders and meeting tight deadlines which will result in high degrees of pressure, on occasions. May be required to travel locally and overseas to attend conferences, seminars and meetings.

 

 

 

We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.

8 Jun, 2024 (35 days left)