DIRECTORATE/DEPARTMENT PURPOSE:

The Department enables ZCCM- IH make informed decisions, adapt to changing circumstances, and achieve its strategic objectives while minimizing potential negative impacts through proactive identification, assessment and management of relevant risks, recommend controls to mitigate such risks thereby protecting the company’s assets, reputation, and financial stability. It also provides oversight to the ZCCM-IH subsidiaries’ Risk aspects.Jobs

JOB PURPOSE

To provide leadership for the risk department that is charged with the responsibility of implementing and monitoring the enterprise risk management framework, ensuring that controls are embedded in the systems in development of policies, procedures and facilitating the evaluation of risks in prospective investments, and ensuring that risks to projects and compliance programs are managed in ZCCM-IH and its subsidiaries.

KEY RESPONSIBILITIES:

Risk Identification and Assessment:

• Develop and implement the risk and compliance management strategy.
• Identify and assess potential risks associated with mining operations, investments, and regulatory changes.
• Conduct regular risk assessments to ensure a proactive approach to risk management and Risk Monitoring of Portfolio Investments

Compliance Oversight:

• Monitor and ensure compliance with local and international laws, regulations, and industry standards.
• Develop and implement compliance policies and procedures.

Regulatory Change Management:

• Stay abreast of changes in laws and regulations relevant to the mining sector.
• Assess the impact of regulatory changes and implement necessary adjustments to compliance programs.

Policy Development:

• Develop and update risk management and compliance policies and procedures.
• Ensure that policies align with industry best practices and legal requirements.

Training and Awareness:

• Conduct training sessions for employees on risk management and compliance policies.
• Foster a culture of awareness and adherence to risk and compliance standards.

Risk Mitigation Strategies:

• Develop and implement strategies to mitigate identified risks.
• Collaborate with relevant departments to integrate risk mitigation into operational processes.
• Business Continuity Management Implementation and monitoring
• Fraud Risk Management and Ethics Program Implementation

Internal Controls:

• Establish and monitor internal controls to safeguard company assets and ensure accurate financial reporting.
• Implement and enhance controls based on risk assessments.

Risk Audit Coordination:

• Coordinate with internal and external auditors to facilitate risk and compliance audits.
• Address audit findings and implement corrective actions.

Incident Response:

• Develop and oversee incident response plans for potential risks and compliance breaches.
• Ensure timely and effective resolution of incidents.

Reporting:

• Prepare comprehensive reports on risk and compliance activities for senior management and the board, including Quarterly IDC Risk status Reporting
• Provide regular updates on the status of risk mitigation efforts.

Collaboration with Stakeholders:

• Collaborate with internal stakeholders, external regulatory bodies, and industry associations.
• Build positive relationships with regulators and participate in industry forums.

Leadership

• Coach, manage and develop staff within risk to achieve department objectives.
• Plan and budget for all departmental activities in the unit.

Job Requirements

Minimum level of academic qualifications required to perform effectively in the role

• Grade Twelve or Equivalent with Credits or Better in Five Subjects, Mathematics and English Included.
• Degree in Economics/ Finance/ Business/ Actuarial Science/ Mathematics/ Statistics/ Accounts/ equivalentJobs

Minimum level of professional qualification required to perform effectively in the role

• Certified Chief Risk Officer (CCRO)/
• Certified Risk Analyst/ (CRA), Certified Enterprise Risk Officer /(CERO), or equivalent Risk Management Certifications

Skills and competencies

Technical

• Risk strategy formulation, implementation & monitoring
• Risk Policies, standards and framework
• Risk Management Processes
• Quantitative Analysis
• Regulatory Compliance
• Scenario and situational Analysis
• Trend analysis on risk variables
• Crisis Management

Behavioural

• Communication Skills
• Presentation and facilitation
• Building Relationships
• Verbal and written communication
• Problem Solving
• Analytical skills

Leadership

• Developing people
• Leadership commitment
• Monitoring and measuring
• Participative leadership
• Planning and organising

• Develop and implement the risk and compliance management strategy.
• Identify and assess potential risks associated with mining operations, investments, and regulatory changes.
• Conduct regular risk assessments to ensure a proactive approach to risk management and Risk Monitoring of Portfolio Investments
• Monitor and ensure compliance with local and international laws, regulations, and industry standards.
• Develop and implement compliance policies and procedures.
• Stay abreast of changes in laws and regulations relevant to the mining sector.
• Assess the impact of regulatory changes and implement necessary adjustments to compliance programs.
• Develop and update risk management and compliance policies and procedures.
• Ensure that policies align with industry best practices and legal requirements.
• Conduct training sessions for employees on risk management and compliance policies.
• Foster a culture of awareness and adherence to risk and compliance standards.
• Develop and implement strategies to mitigate identified risks.
• Collaborate with relevant departments to integrate risk mitigation into operational processes.
• Business Continuity Management Implementation and monitoring
• Fraud Risk Management and Ethics Program Implementation
• Establish and monitor internal controls to safeguard company assets and ensure accurate financial reporting.
• Implement and enhance controls based on risk assessments.
• Coordinate with internal and external auditors to facilitate risk and compliance audits.
• Address audit findings and implement corrective actions.
• Develop and oversee incident response plans for potential risks and compliance breaches.
• Ensure timely and effective resolution of incidents.
• Prepare comprehensive reports on risk and compliance activities for senior management and the board, including Quarterly IDC Risk status Reporting
• Provide regular updates on the status of risk mitigation efforts.
• Collaborate with internal stakeholders, external regulatory bodies, and industry associations.
• Build positive relationships with regulators and participate in industry forums.
• Coach, manage and develop staff within risk to achieve department objectives.
• Plan and budget for all departmental activities in the unit.

• Risk strategy formulation, implementation & monitoring
• Risk Policies, standards and framework
• Risk Management Processes
• Quantitative Analysis
• Regulatory Compliance
• Scenario and situational Analysis
• Trend analysis on risk variables
• Crisis Management
• Communication Skills
• Presentation and facilitation
• Building Relationships
• Verbal and written communication
• Problem Solving
• Analytical skills
• Developing people
• Leadership commitment
• Monitoring and measuring
• Participative leadership
• Planning and organising

• Grade Twelve or Equivalent with Credits or Better in Five Subjects, Mathematics and English Included.
• Degree in Economics/ Finance/ Business/ Actuarial Science/ Mathematics/ Statistics/ Accounts/ equivalent
• Certified Chief Risk Officer (CCRO)/
• Certified Risk Analyst/ (CRA), Certified Enterprise Risk Officer /(CERO), or equivalent Risk Management Certifications