Business Risk Specialist (1)

  • Full Time
  • Lusaka, Zambia
  • February 23, 2024


Job Description

The Business Risk Specialist is responsible for proactively monitoring risk and developing interventions to address any risks identified to ensure minimal disruptions to revenue-generating business operations. The role also helps in setting and maintaining Risk Type Frameworks for assigned business risks and ensuring that the core elements of risk management cycle are covered.

Key Responsibilities

  • Monitor business risks and develop interventions to address any risks identified to ensure minimal disruptions to business operations.
  • Assist in the development of compliance management plans with relevant stakeholders, where applicable.
  • Carry out risk reviews of revenue-generating business operations within the authority and in NAPSA-controlled entities.
  • Provide input into the development of risk strategies and business development.
  • Provide advice on investment strategies and proposals.
  • Assist in developing risk-type frameworks for business risks to cover:
  •       a.  Risk management principles
  •       b. Approach to policies to control and mitigate the Business Risks and their risk sub- types
  •      c.  Second-line processes for oversight and challenge
  •      d.  Key roles and responsibilities covering first and second lines
  •      e.  Decision making authorities and delegation of authorities
  •       f.  Approach to risk data aggregation, risk reporting and data quality.
  •       g. Risk assessment methods to assess likelihood and materiality of impact.
  •       h. Risk sub-types and the risk identification process to review existing or new risk types that have changed in terms of relative importance.
  • Monitor the management of risk to identify gaps in the internal controls in place, to ensure appropriate strategies are identified and implemented.
  • Train staff on risks and controls available for use, in order to build a culture that is responsive to risk management.
  • Identify current and emerging risks to ensure appropriate strategies are developed in a timely manner to proactively manage risks.
  • Provide input in the development of risk assessment and measurement systems to ensure the availability of quality tools that support effective management of risk.
  • Conduct periodic review and update of policies, processes and procedures to ensure that they are responsive to the operating environment.
  • Grade 12 Certificate with 5 ‘O’ levels with credit or better, including Mathematics and English.
  • Degree in Business Administration, Banking, Accounting, Economics, Mathematics, Statistics, or equivalent.
  • Relevant risk management certifications (e.g., Certified Risk Analyst, Certified Enterprise Risk Manager) or equivalent.
  • Not less than four (4) years’ experience in risk management in a pension, financial industry, or other industry where the profession is practiced.

To apply for this job please visit

Share this with Family and Friends