Senior Risk Officer

The Industrial Development Corporation (IDC) Limited, a State-Owned Enterprise (SOE) is charged with mandate to lead the Zambian Government’s commercial investment efforts to boost industrial growth and job creation. A need has arisen to fill the position of:

SENIOR RISK OFFICER

Directorate: Internal Audit

Department: Risk

Reporting To: Head of Risk

Location: Lusaka

Application Deadline: 4^th May 2025 

Job Purpose

The Senior Risk Officer will support the implementation and monitoring of an effective Enterprise Risk Management (ERM) Framework across IDC and its subsidiaries. The role is responsible for providing technical assistance in the identification and assessment of enterprise risks and enhancing risk oversight and compliance processes. This includes evaluating internal controls, risk mitigation strategies, and advising Management on risk-related matters to ensure informed decision-making and institutional resilience.

a) Departmental Planning & Budget Control

• Assist in managing departmental expenditure within approved budgets to ensure cost efficiency.

b) Subsidiary Oversight and Risk Support

• Provide guidance and oversight to subsidiary companies on risk management matters.
• Promote standardization of risk practices across the group.

c) Policies and Risk Management Work Plans

• Support the implementation of the Enterprise Risk Management framework across IDC Group.
• Assist in the preparation and execution of the annual risk management workplan.

d) Risk Assessment and Advisory

• Assist departments in identifying, analyzing, and evaluating business risks.
• Identify and assess potential risks before and during project implementation.
• Provide technical risk reports highlighting high-priority risks and opportunities.

e) Monitoring, Evaluation & Reporting

• Support consolidation of the IDC Risk Register.
• Evaluate the internal control environment and prepare reports for management review.

• Recommend mitigation strategies and ensure execution of risk treatment actions.
• Promote efficient and systematic risk processes.

g) Other Duties

• Perform any other duties as assigned by the Supervisor.

Qualifications and Experience

Minimum Academic & Professional Requirements:

• Grade 12 School Certificate.
• Bachelor’s degree in Finance, Accounting, Risk Management, Business Administration, Economics, Computer Studies, or related field.
• Professional certification such as ACCA, CIMA, CA, or equivalent is required.
• Risk Management certification is an added advantage.
• Membership with a relevant body such as ZICA, ACCA, ISACA, or IRMZ is required.
• Investment Advisor License (SEC) is an added advantage.

Work Experience:

• Minimum of 5 years’ proven experience in risk management or related field.

Key Competencies and Attributes

• Strong supervisory and leadership skills
• Excellent problem-solving and advisory skills
• Sound report writing and presentation skills
• Attention to detail and analytical ability
• Proficiency in data management and risk systems
• High levels of professionalism, transparency, and integrity
• Team player with innovative thinking

• All applications are online. Go to https://forms.office.com/r/Ripi49jz8W
• Deadline for applications shall be before 17:00 hours on 4^th May 2025.

IDC is an Equal Employment Opportunity Employer