Overview
The Risk Specialist will support the Head of the Integrated Risk Management Unit in implementing risk management strategies through risk analysis and support.
Key Responsibilities
- Identify, assess, and manage programme and operations risks.
- Conduct desk review of relevant documentation and research on due diligence.
- Gather, analyze, or evaluate information from various sources to complete risk profiles.
- Conduct a forensic review of documents to identify red flags on authenticity.
- Ensure compliance with sanctions regimes and policies on Anti Money Laundering/Combating Terrorist Financing.
- Provide risk reporting to meet risk assessment analysis needs.
- Communicate risk standards and processes and provide hands-on risk management support.
- Formulate specific recommendations, treatment and mitigation measures to manage identified risks.
- Incorporate UNDP’s ERM policy and Social Environmental Standards (SES) and Anti-Money Laundering/Countering the Financing of Terrorism (AMP/CFT) in programmatic initiatives.
- Contribute to review of existing tools, operational guides and mechanisms of partner risk assessment.
- Reviews readiness status of the CO on partner capacity assessments and ensuring compliance.
- Monitors and updates the corporate dashboards on risk management key indicators.
- Reviews and monitors project risk dashboard to monitor compliance.
- Advises on risk assessments and coordinating due diligence of high-risk development partners.
- Review cases of suspected malpractice and assess 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.
- Contribute to other sensitive risk management activities.
- Build and maintain a partnership with key internal and external stakeholders.
- Liaise with trusted partner sources and build trusted channels on due diligence and vetting of potential vendors/partners.
- Build, liaise and maintain partnerships with UNDP existing and prospective donors on risk management matters.
- Facilitate risk management dialogue and discussions with compliance, programme and operations colleagues.
- Promote collective risk management and risk-sharing approaches and practices.
- Handle and manage information in compliance with the organization’s policies.
- Contribute to the development and enhancement of the risk management program and other technical assistance products.
- Facilitate and deliver risk management learning curricula.
- Building capacities of CO teams and UNDP partners on industry best practices on organizational risk management.
- Draw lessons and best practices which contribute to the continuous improvement of UNDP CO risk management support.
- Contribute to developing SOPs and protocols of the Unit.
Required Experience
- A minimum of (5) Five years (with master’s degree) or (7) seven years (with bachelor’s degree) of professional experience in risk management, investigation, audit and finance, law enforcement with international/governmental organizations is required.
- Experience and knowledge of international standards on risk management (ISO31000, The Committee of Sponsoring Organizations of the Treadway Commission (COSO), Enterprise Risk Management) is required.
- Proven experience and knowledge in the design, implementation and evaluation of risk management related training programs and initiatives is required.
- Demonstrated ability in providing high-quality service delivery is required.
- Previous experience in investigation/intelligence, and fraud examination is desirable.
- Knowledge, certifications / qualifications in fraud examination/anti-fraud specialist or anti-money laundering/countering financing of terrorism is desirable.
- Experience in forensic document examination is desirable.
- Prior UN/UNDP experience and familiarity with its policies and procedures, particularly in the applicable job area, is desirable.
- Previous experience in conflict/post conflict countries is desirable.
Qualifications
An advanced university degree (master’s degree or equivalent) in Risk Management, Business Administration, Accounting, Statistics, Law, or in another relevant field is required. OR A first-level university degree in the areas mentioned above, in combination with two additional years of qualifying experience will be given due consideration in lieu of the advanced university degree.
