Functional Responsibilities:
Under the guidance of the Risk Management and Insurance functional leads, the Risk Management Analyst is responsible for supporting the Risk Unit in reviewing and continuously improving risk management capabilities specific to policies, processes, roles, technologies, offices and project delivery contexts. The position holder is expected to support the integration of risk management into planning, decision making and performance management frameworks, as well as supporting the implementation of risk transfer solutions.
The position holder will contribute to implementation support initiatives for the regional organization and corporate functions.
Risk management support:
- Support reviews of policies, processes, Terms of References and Key Performance Indicators of mission-critical roles, as well as UNOPS risk taxonomies, risk management dashboards and risk assessment criteria.
- Collaborate with key stakeholders within and outside the Risk Unit to ensure continuous on-the-job learning and harvesting of internal benchmarks
- Contribute to requirements analysis for risk reporting and IT systems and artificial intelligence adoption for risk analysis.
- Contribute to complex risk analysis and development of risk scenarios – from strategic to operational themes.
- Supports decision analysis methodologies deployment to support high-quality partnership, engagement and investment commitments.
- Assist in developing and rolling out threshold-based risk escalation protocols.
- Support the analysis of changes in risk exposure to optimize insurance coverage and other risk retention and transfer measures to mitigate identified risks.
- Assist in gathering and preparing submission material for underwriting purposes prior to renewal of insurance policies;
- Assist in the administration of corporate insurance policies, provides support and answers queries from UNOPS country offices and HQ;
- Support risk reporting from all angles (e.g. portfolio exposure, contribution, ethics, information security, security, supply chain) and through the means of data analytics, dashboard development, consolidation, aggregation and control over data integrity.
- Coordinate and track progress of the Risk unit’s implementation actions addressing assurance and oversight recommendations (e.g. audits, response plan, compliance queries, third parties due diligence);
- Provide regular updates on progress of priority initiatives agreed with the supervisor(s) and demonstrate accountability for effectively carrying out the appointed duties.
Capacity building and knowledge management:
- Contribute to develop and provide risk management and insurance training, coaching and facilitation support to UNOPS and its regional offices.
- Help develop capacity – among others – on the following topics: risk modeling and quantification using Monte Carlo analysis, cause-and-effect analysis, data analytics for improved risk intelligence and Key Risk Indicator (KRI) development, reporting dashboards, awareness of cognitive biases, risk-informed decision analysis, Business Impact Analysis (BIA), mitigation planning and risk transfer strategy.
- Support the Risk Unit management activities, to help ensure the effort is well coordinated and coherent across key functional domains.
- Ensure full documentation of risk management approaches and activities, to enhance knowledge-sharing/transfer within the team and beyond.
- Contribute to the global risk management network / community of practice, sharing innovative solutions and lessons learned;
- Follow emerging risk management approaches, remain up-to-date with trends and apply best practice.
- Promote a field-focused approach and knowledge transfer across the risk organization.
Impact of Results:
The successful achievement of results by the incumbent directly affects UNOPS ability to deliver against its mandate and protects UNOPS reputation. As part of the Risk Unit, the role is key to support effective management of risks on an enterprise-wide basis.
Education:
- An advanced university degree (Master’s degree or PhD) preferably in Risk Management, physics, mathematics, statistics, engineering, finance, accounting or related fields;
- A first-level university degree (Bachelor’s degree or equivalent) with a minimum of two (2) additional years of relevant work experience may be accepted in lieu of the advanced university degree
Certifications:
Certifications in risk management (such as IRM or RIMS) and decision quality (such as SDRM Certificate) are considered an advantage
Experience:
- A minimum of two (2) years (or more depending on academic credentials) of experience in supporting the design, development, and deployment of risk management programs.
- Experience in risk analysis, using quantitative and qualitative methods (required)
- Experience in facilitating cross-functional data collection (required)
- Experience in developing risk and control dashboards (desirable)
- Experience in using python or R to build risk models (desirable)
- Experience in using risk analysis tools e.g. @RISK, ModelRisk or Crystal Ball (desirable)
- A prior role within risk consulting is (desirable)
- Experience in supporting risk-informed decision analysis (desirable)
- Solutions for problem-solving (desirable)
- Experience in globally operating development and/or project-based organizations (desirable)
Languages:
- Fluency in English language is required
- Fluency in Spanish and/or French considered an advantage