Enterprise Risk Management Specialist

Job Purpose

The job holder is responsible for supporting the development, implementation, and maintenance of WTCO’s enterprise risk management framework. Involves conducting detailed risk analyses, contributing to risk mitigation strategies, and working closely with internal and external stakeholders to ensure the organization’s risk management objectives are achieved.

Key Roles and Responsibilities

• Ensuring work is performed based on approved policies, processes, procedures, and instructions.
• Identify opportunities for continuous improvement of systems, practices, cost ‎optimization, and productivity & efficiency improvement.
• Ensure compliance with all applicable laws, rules, regulations, and standards within WTCO and related functions such as but not limited to (HC, HSSE, Risk, Cybersecurity, etc..).
• Escalate problems to ensure case/issue is closed efficiently and in a timely manner.
• Assist in implementing the ERM framework, ensuring all processes and policies are aligned with the organization’s strategic and operational goals.
• Perform comprehensive risk identification and assessment activities, collaborating with various business units to evaluate potential threats and develop mitigation strategies.
• Maintain and update the corporate risk register, ensuring it accurately reflects the current risk landscape and includes actionable mitigation plans.
• Guide the continuous improvement of insurance coverage frameworks by assessing emerging risks, market practices, and organizational needs.

Key Roles and Responsibilities 2

• Research emerging risks and trends, providing insights to enhance WTCO’s preparedness and risk resilience.
• Monitor and review risk performance indicators to measure risk contribution to ensure the cost-effectiveness of existing controls and introduce improvements.
• Track key risk indicators (KRIs) and ensure appropriate measures are in place to address any deviations or adverse trends.
• Prepare detailed risk management reports, highlighting key findings, risk trends, and mitigation recommendations for leadership review.
• Collaborate with stakeholders across business units to ensure alignment in risk management practices and provide technical support on risk-related issues.
• Assist in delivering training programs and workshops to promote a culture of risk awareness across the organization.

Key Roles and Responsibilities 3

Education Requirements

Key Communications

Internal Stakeholders

• All Departments

External Stakeholders

• Consultants/Contractors
• Vendors/Suppliers/Service providers
• Government authorities and entities

Disclaimer

The above job description is meant to describe the general nature and level of work being performed; it is not intended to be constructed as an exhaustive list of all responsibilities, duties, and skills required for the position. Accordingly, there is no way this Job Description states or implies that these are the only duties to be performed by the employee in this position. Employees will be required to follow any other job-related instructions and to perform other job-related duties.