1. Developing & Managing:

• Develop contingency plans to deal with emergencies.
• Recommend ways to control or reduce risk.
• Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
• Document and ensure communication of key risks.
• Maintain input or data quality of risk management systems.
• Gather risk-related data from internal or external resources.
• Develop or implement risk-assessment models or methodologies.
• Devise systems or processes to monitor the validity of risk assessments.
• Meet with department supervisors and contact clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
• Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
• Contribute to the development of risk management systems.
• Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
• Analyze new legislation to determine impact on risk exposure.
• Provide statistical modeling advice to other departments.
• Consult financial literature to ensure the use of the latest models or statistical techniques.
• Evaluate the risks related to shipping investments.
• Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
• Determine potential environmental impacts of new products or processes on long-term growth and profitability.
• Track, measure, or report on aspects of market risk for traded issues.
• Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
• Devise scenario analyses reflecting possible severe market events.
• Review or draft risk disclosures for offer documents.
• Ensure the organization complies with all applicable laws, regulations, standards, and internal policies.
• Develop, implement, and maintain compliance policies, procedures, and frameworks.
• Monitor regulatory developments and assess their impact on the organization.
• Conduct regular compliance reviews, assessments, and testing activities.
• Identify compliance gaps and recommend corrective and preventive actions.
• Oversee regulatory reporting and ensure timely and accurate submissions.
• Act as the primary point of contact with regulators, auditors, and supervisory authorities.
• Investigate compliance breaches, misconduct, or violations and manage remediation plans.
• Promote a strong compliance culture through training, awareness programs, and guidance.
• Advise senior management on compliance risks and regulatory obligations.
• Maintain compliance records, documentation, and reporting dashboards.
• Support internal and external audits related to compliance matters.

2. Risk Lifecycle Phase Execution

• Anticipation: Identify emerging risks via trend analysis (e.g., market scans, predictive analytics).
• Mitigation: Design controls (e.g., fraud detection algorithms, backup systems).
• Alarm: Implement real-time monitoring tools (e.g., dashboards, automated alerts).
• Preparedness: Develop contingency plans (e.g., disaster recovery, backup suppliers).
• Rescue: Lead incident response (e.g., data breach containment, customs hold resolution).
• Prehabilitation: Restore operations post-crisis (e.g., reputational repair, process redesign).
• Learning & Development: Conduct root-cause analyses and update training programs.

3. Cross-Departmental Collaboration

• Train departmental " Risk & Compliance Champions" to embed risk ownership.
• Chair monthly Risk & Compliance Committee meetings with department heads.
• Align risk strategies with Internal Audit, Compliance, and Legal teams.

4. Reporting & Compliance

• Deliver quarterly risk reports to the Board, highlighting KRIs and mitigation progress.
• Ensure adherence to International regulations (e.g., Central Bank, Customs Authority) and global standards.

Key Goals & KPIs

1. Short-Term (0–6 Months)

• Complete risk assessments for 100% of departments.
• Deploy a centralized Risk & Compliance monitoring dashboard.

2. Mid-Term (6–12 Months)

• Reduce high-priority risks by 40% through mitigation plans.
• Achieve 95% employee completion of risk training.
• Cut incident response time by 50%.

3. Long-Term (1+ Years)

• Zero major regulatory penalties.
• Integrate AI-driven predictive risk analytics.
• Attain ISO 31000 certification.