Enterprise Risk Management Consultant
Sector: Program Administration
Employment Category: Consultant
Employment Type: Full-Time
Location: IRC Global
1. The International Rescue Committee (IRC) was commissioned by a major donor to coordinate a capacity-strengthening program aimed at assisting a key strategic Implementing Partner (IP) with the design, development and implementation of an organization-wide Enterprise Risk Management (ERM) framework.
2. The ERM framework’s main objective is to improve the IP’s approach to identifying, assessing, mitigating and monitoring organizational and operational risks.
3. The IRC intends to solicit the services of qualified risk management consulting firms or independent consultants to assist with the formulation and execution of a relevant ERM framework and accompanying toolkits for an estimated 45 working days over a period of three months. The anticipated start date of the consultancy is April 22nd .
Objectives and Scope
4. The overall objective of the initiative is to strengthen the IP’s ERM capability to achieve strategic objectives and meet the expectations of donors and stakeholders;
5. The specific objectives are to ensure the strategies, practices and skills necessary to apply the ERM framework are institutionalised and embedded within the management structures of the IP, with emphasis that such functions are cross-cutting, and integral to organizational processes;
6. The project will provide the IP with a centralised strategic approach that will bring an integrated, coordinated and coherent approach to ERM and help minimize potential losses and maximize opportunities and efficiencies;
7. The project will allow management at all levels to be fully aware of the scale and range of risks facing their organisation, and have a formulated response to the organizational or operational impact if risks materialize;
8. The project will also remove inconsistencies in both understanding of, and responses to risks throughout the organisation, and enable management to consider the best allocation of resources through the ERM process.
At a minimum, it is envisaged that the following outputs will be achieved:
9. Design and formulation of a Risk Management Framework and accompanying policies and toolkits;
10. Guide the IP with the establishment of a dedicated and cross-cutting Risk Management Function;
11. Support the senior management in developing and applying the framework to the planning process and internal operational control systems. This will include methodologies with accompanying templates for:
a. Risk identification;
b. Risk evaluation;
c. Risk prioritisation;
d. Risk mitigation;
e. Risk monitoring;
f. Training and coaching in the use of the above-mentioned methodologies and templates.
By the conclusion of the project, the IP should be able to:
12. Understand the concept, principles and practices of ERM, and the meaning of risk; with ERM and related principles and practices incorporated within management structures;
13. Implement the tools and techniques for formulating a risk management strategy and plan (including how to use the templates) and carrying out risk assessment, fraud prevention and detection, and other risk treatment mechanisms;
14. Coordinate and manage the activities of a dedicated Risk Management Function, which will be responsible for monitoring assessed risks through the design and maintenance of a centralized Risk Registry system.
Management Arrangements, Monitoring & Reporting
15. Through funding from a major donor, the IRC will engage a qualified firm or Consultant to work closely with the IP for a minimum period of 90 working days to implement the assignment;
16. The IRC and the IP will assign focal points and direct counterparts to work alongside the Consultant for the duration of the project;
17. The Consultant will work under the broad guidance of the IRC Regional Safety & Security Director, who will be responsible for tracking progress and outputs/outcomes;
18. The Consultant will be required to conduct an estimated 3 workshops: 1 each in Turkey, Jordan, and the United States. The Consultant should have the ability to travel to all three locations;
19. All travel and associated costs will be covered by the IRC.
The Consultant will comply with the following reporting procedures:
20. Prepare a comprehensive work plan within the first 20 working days of the consultancy. This will detail the approach to be followed and the training and mentoring activities to be implemented, with tentative dates for all training activities and workshops, together with the intended training audience. Draft templates and toolkits to be proposed for use will be included in the work plan proposal. This report will be submitted to IRC project management team for approval;
21. A monthly report (no more than five pages) outlining the activities carried out for the period, and proposed activities for the forthcoming month;
22. A final report on completion of the assignment which will summarise the work done and the results achieved, and proposals for next steps to be implemented by the IP, including templates and tools;
23. Additional informal reports or briefings may be requested by stakeholders from time to time, and attendance at meetings or conference calls may also be required;
24. Monitoring and reporting will be carried out by the IRC Regional Safety & Security Director in close consultation with relevant stakeholders.
25. A detailed activity monitoring and evaluation methodology will be established early in the project life cycle, which will be consistent and supportive of the overall objectives of the project.
The consultant’s fee will be paid in accordance with the following schedule:
· 50% upon completion of a comprehensive workplan (See point #20 above)
· 50% upon submission of the final consultancy report with toolkit (See point #22 above)
Travel expenses will be reimbursed based on actuals and following the submission of travel expense reports. The IRC does not pay per diem for meals and incidentals or danger pay to individual consultants.
26. A qualified international consulting firm with recognized ERM experience in the humanitarian sector, particularly as it relates to, though not limited to, organizational and operational management, and internal control activities.
27. A Certified Specialist with at least 15 years substantive experience in Enterprise Risk Management or related field and a proven track record of developing ERM frameworks in the humanitarian /development field or in complex/challenging operating environments with a special focus on remote management settings;
28. Preference will be given to a Consultant with considerable experience in a field related to financial management and control, with specific reference to risk assessment and risk management;
29. A proven ability and demonstrated experience in the training and mentoring of management and staff in risk management techniques and concepts;
30. Demonstrated strong analytical, oral and written communication skills and commitment to meeting tight deadlines;
31. Fluency in writing and speaking English is required and proficiency in Arabic is preferred;
32. Previous working experience with NGOs in the Middle East region will be considered a strong asset.