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Team Lead, Business Assurance And Compliance at Abuja Electricity Distribution Company (AEDC)

The person in this position will report to the Head Business Risk and will assist in the analysis of all risk exposures to the business; support compliance to the relevant laws, regulations, standards, codes, and defined Enterprise Risk Management (ERM) Policies, Processes and Procedures (PPP) rolled out; provide opinion on PPPs alignment with best practices and make recommendations for improvement. The role will also serve as a guide and sounding-board to aid prevent non-compliance with relevant laws, regulations, ERM as well as other business policies within the company.

Job Description

  • The person in this position will report to the Head Business Risk and will assist in the analysis of all risk exposures to the business; support compliance to the relevant laws, regulations, standards, codes, and defined Enterprise Risk Management (ERM) Policies, Processes and Procedures (PPP) rolled out; provide opinion on PPPs alignment with best practices and make recommendations for improvement. The role will also serve as a guide and sounding-board to aid prevent non-compliance with relevant laws, regulations, ERM as well as other business policies within the company. 
  • Provide ongoing risk identification, analysis, assessment, monitoring and reporting to the stakeholders.
  • Update identified risk items on the risk management system and gather data on all risk related projects.
  • Prepare and collate reports on risk management activities within AEDC.
  • Liaise with relevant functions in the company to suitably identify existing legislations and/or ongoing regulatory developments that will have a direct or indirect impact on the business, with subsequent escalation to the Executive Management team (EMT), assessment of the likely impact on the business and its risk profile, and of course designing the company’s response in line with the company’s regulatory risk appetite.
  • In liaison with relevant functions/departments provide advice to business units on regulatory obligations and on the creation and implementation of regulatory compliant policies and procedures.
  • Monitor the company’s compliance with relevant laws, regulations and internal risk policies.
  • Update risk management system, monitor regulatory developments and recommend modifications to existing practices.
  • Generate reports, presentations to highlight the status of mitigating actions and effects on residual risk profile and suggest changes to the management based on the solutions to adopt newer strategies to overcome the risks.
  • Work with the Head Business Risk for the reduction of risks and propose solutions to address those risks.
  • Design and support a compliance risk framework for the business.
  • Generate and issue timely and reliable Compliance Management Information Report for the Risk Management Committee (on a quarterly basis) as well as ERM reports to other stakeholders (as and when required) in a manner that enables understanding of how well the business is managing the overall portfolio of risks to which it is exposed.

EDUCATION, EXPERIENCE and TECHNICAL SKILLS 

  • A First Degree in Business Administration, Management, Accounting, Economics, Engineering or Natural Sciences 
  • An Masters will be an added advantage.
  • Professional Risk Management Qualification would be an added advantage.
  • 6 years’ experience in an industry/commercial entity with experience in the development and implementation of Enterprise Risk Management (ERM) Programme and Business Continuity Management (BCM) Plans.
  • A strong background in managing business risk or Auditing.
  • Risk Management (either as Risk Manager or in Risk Management Consulting).
  • Experience with exception reporting; risk assessment, documentation, implementation and/or design of internal controls.
  • Power Sector Business Savvy will be an added advantage.

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