VP - Risk and Compliance- Gems Education, Dubai, UAE
About the Role
This role works closely with the GEMS leadership team to:
Build and manage the risk management function within GEMS, including all related processes, controls, and services.
Build and manage the compliance function within GEMS, including all related processes, controls, and services to ensure that GEMS as a group is conducting its business in full compliance with all national and international laws and regulations that pertain to GEMS, material contractual obligations, as well as internal policies, procedures, and standards.
The role involves risk assessment and analysis, risk mitigations strategy, planning, mitigation development and implementation, compliance oversight, and advice key stakeholders (Board, management, and employees) on risk management.
In addition, this position involves monitoring and reporting results of the compliance/ethics efforts of the company and in providing guidance for the Board and Senior Management Team on matters relating to compliance to ensure the achievement of the objectives of an effective compliance program.
Effective partnership and teamwork with corporate departments at GEMS School Support Centre, Schools, and other group companies’ heads is a key success factor.
Key Accountabilities:
Business Risk Management
Manage the implementation of all aspects of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage, monitor, and report risks
Risk assessment by identifying, describing, and estimating the risks affecting the business
Risk evaluation by comparing estimated risks with criteria established by the organisation such as costs, legal requirements, and environmental factors, and evaluating the organisation’s previous handling of risks
Establishing and quantifying the organisation’s ‘risk appetite’, i.e. the level of risk they are prepared to accept
Risk reporting in an appropriate way for different audiences, for example, to the boards of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks
Providing support, education, and training to staff to build risk awareness within the organisation.
Compliance
Review and assess existing relevant policies, regulations and measures to assess the current status of compliance.
Assess current compliance processes to ensure they are performed effectively and efficiently across the group
Provide timely feedback on necessary changes to promote a strong compliance function at the group
Respond to regulatory requests if and when deemed necessary
Report to senior management on a quarterly basis on the compliance function
Insurance
Strive to understand insurance risks related to business function/processes
Review and assess all insurance policies from a risk management point of view
Work with the Procurement department to bid and be aware of insurance policies
BCM/DR Implementation
Develop the BCM/DR risk assessments and lead the effort to evaluate potential threats to business viability and associated risks
Policy and Procedures
Ensure the GEMS policies, procedures and codes of conduct are followed at all times
Implement the Enterprise Risk Management Framework and ensure adherence to them for process development and company departments
Apply Here:
https://careers.gemseducation.com/gems/VacancyDetail.aspx?VacancyID=156068&ChannelID=2933
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