Job Summary

The role requires to do implement and maintain The Club's ERM Framework (ERMF) in order to: Provide a consistent understanding of the Top Risks we face at an Enterprise level that could impede us from achieving the Club's Purpose; Provide guidance in the review of Top Risks that are outside of tolerance levels; and Facilitate decisions on priority actions that tangibly change the risk profile of The Club. The role will support the delivery and execution of the ERMF into The Club's critical operations.

Major Tasks

Develop and Maintain The Club's ERM Framework

• Support and facilitate development and publishing of "The Principles and Guidelines for managing Risk".
• Support and communicate the Three Lines of Defence Operating Model.
• Understand Corporate and subsidiary Governance structure and hierarchy - support and facilitate an appropriate Enterprise Risk Governance model.
• Support and facilitate Enterprise Risk Reporting and Monitoring including Board of Stewards and Management reporting; and roll out progress tracking and reporting.

Implement ERM Framework - Divisional Roll Out Based on Agreed Timelines

• Support and facilitate the Divisional Rollout to implement "The Principles" through workshops, discussions, and liaison with Senior Divisional Leadership and Subject Matter Experts (SMEs); including:
• Objective Setting, setting the context for identifying and managing Risk by defining Objectives and Performance Metrics;
• Event Identification, using Metrics, Knowledge and Prompts to identify internal or external events that might threaten performance against our Objectives;
• Risk Assessment, evaluating Top Risks so that we can make informed decisions about their prioritisation and, subsequently, our Response to each one;
• Risk Response, including Controls, Processes and other activities that reduce the chance of a Risk happening, or the business impact if it does; and
• Monitoring, and reporting on each Top Risk to ensure that we receive early warning of the Risk happening, or of any changes in its potential impact to our Business Goals.

Enhance Effectiveness and Efficiency through Cross Functional Collaboration and Further Activities

• Support and facilitate the phased delivery of Risk System solutions.
• Engage with existing First and Second Line risk and control SMEs (for example, Racing Compliance, Security Integrity and Information Security and IT) for knowledge and data sharing.
• Support and drive other risk initiatives on request.

Team Development and Engagement

• Ensure ongoing development of technical and professional knowledge (for example, on the job training, internal and external training).
• Business skills development (for example, data analytics and visualisation) and behavioural competencies.
• Soft skills development.
• Support in the training, coaching and mentoring of ERM team members to develop a qualified and high-performing team.

Education

University degree with preference towards Accounting, Mathematical, or Risk Management.

Qualifications

Post graduate professional qualification(s) in above or similar subjects.

Experience