Risk Management Specialist

Overview

The Risk Management Specialist will lead the Integrated Risk Management Unit (IRMU) to design, develop, implement, and maintain an integrated programmatic and operational risk management framework.

Tasks Summary

• Develop, implement, and maintain policies, guidelines, and processes for risk identification, measurement, mitigation, monitoring, and reporting.
• Provide 1st and 2nd Line of Defence reviews on risks including programmatic, operational, financial, and reputational.
• Guide and support the application of risk processes and tools.
• Identify and engage with stakeholders for targeted reviews and directives.
• Promote advanced risk analytics for programmatic and operational risk exposures.
• Design and develop analytical tools for risk event monitoring and reporting.
• Establish and strengthen partnerships with internal and external stakeholders.
• Provide technical support and advice on risk management practices.
• Coordinate risk management activities across partners.
• Ensure risk information-sharing platforms and mechanisms are developed and maintained.
• Promote information sharing across development and humanitarian stakeholders.
• Contribute to decision-making for the UNDP PAPP programme and operations.
• Ensure development of protocols, procedures, and techniques for risk management and information security.
• Communicate operational risk information to Management.
• Present risk exposure information and highlight cross-functional impacts.
• Maintain knowledge of emerging best practices and international standards in operational risk management.
• Serve as a resource person and conduct risk management training.
• Review cases of suspected malpractice, assessing fraud and corruption risks.
• Provide overall support to partner/programme and country office audit.
• Liaise with internal and external audit and investigation bodies.
• Conduct due diligence and verification of documents and processes.
• Incorporate UNDP’s ERM policy, Social and Environmental Standards (SES), AML/CFT and other corporate requirements.
• Review readiness status of UNDP PAPP on partner risk assessments and advise on response plans.
• Review, monitor and update programme and project risk dashboards and KPIs.
• Advise on risk assessments and coordinate due diligence of high-risk development partners and vendors.
• Manage the process of due diligence, enhanced vetting and screening of UNDP PAPP counterparties, sub awardees, individuals and entities in compliance with AML/CFT policy and SOPs.
• Perform relevant tasks required by the UNDP AML/CFT policy for enhanced vetting and screening.
• Maintain records and documentation of all actions undertaken.
• Review documents submitted for enhanced vetting and ensure proper completion.
• Conduct open-source research on local contextual information.
• Interact with the AML/CFT BMS team on submitted cases.
• Conduct screening on LexisNexis database for micro-purchasing and out-of-scope entities/individuals.
• Ensure knowledge and compliance of UNDP Information Classification and Handling policy and Personal Data Protection and Privacy policy.
• Participate in UNDP-wide AML/CFT risk assessments, capacity building, and improvement initiatives.
• Supervise IRMU personnel.

Experience Requirements

• A minimum of (5) Five years (with a master’s degree) or (7) Seven years (with a bachelor’s degree) in risk management, audit, investigation or law enforcement with international/governmental organisations in a crisis or post-crisis environment is required.
• Proven track record of in-depth knowledge of international risk management standards (ISO 31000, COSO – ERM), and their practical application in detecting, analyzing, and mitigating risks is required.
• Possess a proven record in developing and deploying operational and financial risk measurement frameworks, integrating data analytics, audit findings, or investigative insights to inform decision-making is desired.
• Practitioner-level experience in developing risk frameworks and coordinating and undertaking risk assessments is desired.
• Experience in investigative or analytical methodologies applied to auditing, fraud detection, and financial intelligence is desired.
• Demonstrated delivery of operational/programmatic risk frameworks, KRIs/dashboards, and senior management reporting in crisis contexts is an advantage.
• Demonstrated experience establishing and maintaining trusted risk-information sharing arrangements and partnerships with internal and external counterparts consistent with information security and personal data requirements is desirable.
• Demonstrated knowledge and experience in investigations / intelligence / audit / fraud examination is an advantage.
• Proven experience and qualification in designing, implementing and evaluating training programs and initiatives is a comparative advantage.
• Industry Certifications/qualifications in anti-fraud measures, fraud examination, financial intelligence and risk management are an asset.

Qualification Requirements

• An advanced university degree (master’s degree or equivalent) in Business Administration, International Relations, Law, Risk Management, Counterterrorism or related fields is required.
• A first-level university degree in the areas mentioned above, in combination with two additional years of qualifying experience, will be considered in lieu of the advanced university degree.

Other Details

Languages Required: Fluency in written and spoken English is required.

Languages Preferred: Knowledge of the Arabic Language is desirable.

Contract Duration: 9 months

Work Modality:

Remuneration: