Manager, Risk Management

ABOUT THE COMPANY

Mastercard Foundation is a global foundation based in Toronto, Canada. Our programs promote financial inclusion and advance youth learning in Africa. The Foundation was established in 2006 through the generosity of Mastercard when it became a public company. From inception, the Foundation was designed to be a separate entity and independent from Mastercard. Our policies, operations and funding decisions are made by our President and Board of Directors. The Foundation believes that every person has the potential to transform their lives and improve the lives of their families and communities. The Foundation collaborates with partners to advance sustainable and scalable solutions in microfinance and youth learning, focusing on countries that face high rates of poverty and growing numbers of out-of-school youth. Much of this work will be accomplished by building strong institutions in developing countries – particularly Africa – and investing in robust evaluation and learning agendas.The Foundation values innovative and fresh thinking as it strives to become a global thought-leader. Its work is achieved by a strategic, nimble and highly entrepreneurial team with a proactive and results-oriented approach to its philanthropic activities. The organization’s culture is shaped by people who are driven and passionate about the Foundation’s mission.COUNTRY OFFICE IN KIGALI, RWANDAMastercard Foundation is opening an office in Rwanda to support two new initiatives: Rwanda Employment and Enterprise Development Initiative (REEDI) will increase productive employment for young people; expand access to financial inclusion for tourism related businesses and improve the capabilities of, and coordination between, key stakeholders, in the tourism and hospitality industry; and, Secondary Education Teachers’ Initiative which seeks to improve the quality of teaching and learning in secondary schools.An office in Kigali provides an opportunity to oversee the management and implementation of the two initiatives, drive the country-level coordination of all Foundation interventions and represent the Foundation at a country level in close liaison with senior management in Toronto, Canada.

JOB SUMMARY

All About YouRisk management experience in a large multinational with a mature ERM programKnowledge of risk management practices (e.g., ERM, ORM, technology)Strong interpersonal skills and ability to influence at all levels including outside his/ her reporting linesExperience in partnering with executive managementArticulate and highly effective communicatorDemonstrated success in applying risk management to support the business/ strategyExcellent analytical, problem solving and critical thinking skillsAbility to work under pressure, in sometimes ambiguous circumstancesPeople management experience, including experience as a manager of managersUnderstands and appreciates diverse backgrounds[Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment]Corporate Security Responsibility

RESPONSIBILITIES

Coordination of the implementation of the Company’s risk governance frameworkCoordination and rationalization of a comprehensive business unit risk assessment agenda, including:ERM assessmentsRisk and Control Self Assessments (for processes and systems)Product/ new initiative assessmentsProviding support to the business on risk assessment activities (e.g., planning and execution workshops) and development of response plansTracking response plans for realized risk incidentsAlignment of risk management activities performed by second and third lines line of defense functions, and communicating issues and responsesManagement of divisional / business/ function Risk Forum agenda, including tracking and monitoring management actions/ remediationDrive alignment and coordination across risk management areas (2nd line of defense) to maximize effectiveness and efficiency of risk management program.Support the RPL in the risk aggregation and consolidation process, in conjunction with the ERM Risk Champion, to support a holistic and comprehensive response to risksPeriodically monitor risk metrics, tolerances and limitsMonitor the progress of risk mitigation activitiesIssue periodic and timely reports to management on the status of risks and identify risks that warrant escalationShare risk insights identified at the Risk Forums with the Regional RPL, to inform Strategy and drive consideration of same into the strategic planning process

REQUIRED SKILLS

Risk management, Quality management, Performance monitoring and evaluation

REQUIRED EDUCATION

Diploma, Associate's degree