Title:  Manager, Risk Management - Group

JOB PURPOSE:

The Group Risk Manager is responsible for various aspects of the Hikma’s risk management activities. Specifically, the Group Risk Manager:

1. Manages and communicates standard risk assessment processes enterprise-wide to ensure that the organisation is successful in the long term.
2. Manages Enterprise Risk Management activities with Country and Site Leadership teams as part of the Global Risk Management Framework.
3. Supports the Snr Group Risk Director with risk processes for Executive Management and the Board in assessment of the Principal Risks and managing risk within the Risk Appetite as part of the Group Risk Management Framework
4. Coordinates the implementation of the Crisis and Continuity Management programme to improve the resilience of the organisation to disruption.
5. Coordinates and oversees compliance with regulatory requirements for risk management related to external reporting, including TCFD
6. Coordinates Emerging Risk Framework risk assessments with internal and external subject matter experts

KEY ACCOUNTABILITIES:

Description

Performance Indicators

Risk management programme

• Management and communication of standard risk assessment processes enterprise-wide to ensure that the organisation is successful in the long term.

• Snr Director Group Risk review and approval of risk management materials

• Management of Enterprise Risk Management activities with Country and Site Leadership teams as part of the Global Risk Management Framework.

• Snr Director Group Risk review of delivery of annual plan

• Supports the Snr Group Risk Director with risk processes for Executive Management and the Board in assessment of the Principal Risks and managing risk within the Risk Appetite as part of the Group Risk Management Framework

• Bi-annual review and approval of risk management framework by the Executive Committee
• Annual review and approval of risk management framework by the Audit Committee (delegated responsibility from the Board)
• Annual review and approval of the Principal Risks and Risk Appetite by the Board

• Support Snr Director Group Risk with development and delivery of vision and strategy for transformation of risk management at Hikma through the Executive Management of the organisation

• Executive Committee Sponsor review and approval of progress through transformation roadmap

• Support Snr Director Group Risk with development of risk management culture and capability through the organisation, including through implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks.

• Executive Committee Sponsor review and approval of progress through transformation roadmap

• Contribute to going concern and longer-term viability analysis activities in partnership with Treasury and Financial Budgeting and Reporting teams

• Annual Executive Committee and Audit Committee and External Auditor approval of disclosures

• Support Snr Director Group Risk with development and delivery of vision and strategy for management of emerging risks, including identification, analysis and evaluation, ensuring coordination of appropriate response strategy as the risk develops.

• Bi-annual review and approval of risk management framework by the Executive Committee
• Annual review and approval of risk management framework by the Audit Committee (delegated responsibility from the Board)

• Coordinates Emerging Risk Framework risk assessments with internal and external subject matter experts

• Snr Director Group Risk review of delivery of annual plan

• Promote aligned assurance model to continuously improve management information and decision making for Executive Committee and Board

• Bi-annual review and approval of risk management framework by the Audit Committee

Crisis and continuity management

• Coordinates the implementation of the Crisis and Continuity Management programme to improve the resilience of the organisation to disruption.

• Snr Director Group Risk review of delivery of annual plan

• Board-level metric on basic training for all employees, and focussed training for targeted employees
• Board-level metric on business continuity at key sites

• Manage Group Crisis Management and Business Continuity Policies

• Policy Approval Committee oversight on quality, regular review

Reporting accountabilities

• Coordinates and oversees compliance with regulatory requirements for risk management related to external reporting, including TCFD

• External audit of quantitative and auditable disclosure
• External counsel verification process of qualitative statements

• Supports Snr Director Group Risk in drafting and verifying risk content for the Annual Report in collaboration with Global Risk Owners, Senior Director Group Risk, Executive Committee Sponsor, and External auditors

• External audit of quantitative and auditable disclosures
• External counsel verification process of qualitative statements

Third party management

• Manage delivery of strategic and tactical projects through third-party vendors

• Snr Director Group Risk oversight of project delivery

COMMUNICATIONS & WORKING RELATIONSHIPS (Illustrative not exhaustive):

Internal

Groups:

• Legal, Strategy, M&A, HR, Insurance, Treasury, Commercial, Investor Relations, Sustainability, Financial budgeting, Financial reporting, Financial Internal Controls & Assurance, Internal Audit, Corporate Quality, Pharmacovigilance, etc.

Key roles:

• Chief Financial Officer
• General Counsel
• Chief Compliance Officer
• Chief Information Officer
• Executive Committee Members (otherwise not mentioned)
• Leadership Council Members (otherwise not mentioned)
• All Global Risk Owners (otherwise not mentioned)
• Site Directors
• Country General Managers

External:

• External auditors
• External counsel
• Consultants
• Industry peers

QUALIFICATIONS, EXPERIENCE, & SKILLS:

QUALIFICATIONS

• Relevant graduate degree
• Relevant post-graduate / professional qualifications in risk management (e.g. MBA, Certificate / Diploma in Enterprise Risk Management, Management Accountancy, etc.)
• Relevant post-graduate / professional qualifications in crisis management and business continuity

EXPERIENCE

• >10 years professional qualification experience
• >5 years with management role in a globalised function overseeing strategic, tactical, operational and compliance related risks
• Interacting and influencing Senior Management
• Of the pharmaceutical industry, with exposure to Commercial, Operational, In-market, Corporate, Assurance and Risk management functions
• Managing risk management compliance with stock-market listing requirements (e.g. Financial Reporting Council Code Obligations)
• International standard aligned subject matter expertise in risk management, governance and compliance
• International standard aligned subject matter expertise in crisis management and business continuity
• Strategic planning and execution capability
• Managing change and delivering through others in multi-national matrix environments
• Operating effectively in complex international organisations
• Identifying, selection, management and delivery of successful projects through external partners
• Working with internal audit, external auditors and external counsel
• Developing aligned assurance models
• Managing budgets, actuals and forecasts
• Experience of managing internal and external relationships at all levels