1. STRATEGIC ADVISORY ROLE: Directors provide strategic direction in the development and interpretation of major policies, regulations and rules, and systems that govern the work of a division and ensure they support divisional goals and objectives within the overall Fund mandates and strategies. Directors also serve as trusted business/programme advisors with a significant role in authoritative policy advice within the Fund at the senior management level as well as in policy dialogue in their representational activities.
2. REPRESENTATION AND EXTERNAL RELATIONS: Directors serve as designated representatives of the Fund. They catalyse effective partnerships with a broad range of institutions including borrowers, bilateral and multilateral development agencies, UN agencies, funds and programmes, international financial institutions (IFls), non-governmental organizations and academic institutions for the purpose of programme co-operation, knowledge sharing, policy dialogue and/or resource mobilization. Directors represent the Fund in official United Nations committees and networks, and in IFls, multilateral and bilateral meetings, symposia, fora and Global conferences upon request of the President, and build organizational networks with peers in major private, public and international institutions.
3. MANAGEMENT OF RESOURCES: Directors are responsible for ensuring the transparent, equitable, and efficient management of IFAD's resources, including human, financial, and material resources. This includes managing staff through workforce planning, recruitment, performance management, and career development. Directors are also responsible for managing the division's budget, ensuring accountability and fiduciary integrity. Additionally, they are responsible for managing material resources and promoting knowledge and content management to achieve innovative outcomes and cost-effective processes. Directors also leverage information technology to improve business results, reporting processes, and client services
The key responsibilities of the Director, RMO and Chief Risk Officer include:
- Providing intellectual and technical leadership in the area of risk and overall control of the delivery of risk management-related activities.
- Leading the second-line-of-defence independent risk management team, which assesses aggregate risks being assumed by the Fund, challenges the effectiveness of first-line controls, enables the monitoring of such controls, and reports independently to the President and Vice President on aggregate levels of risk across IFAD.
- Ensuring the development and implementation of an adequate Enterprise Risk Management Framework and other risk-related policies, frameworks, and initiatives across the Fund. Assumes responsibility for the annual review and maintenance of the Enterprise Risk Management (ERM) policy.
- Overseeing the risk management programme and practices across the organization. The incumbent is also responsible for the integration of risk concepts and priorities into strategic planning.
- Chairing the Financial Risk Management Committee (FRMC) as well as the Non-Financial Risk Committee (NFRMC).
- Strengthening IFADs overall risk culture by fostering accountability in the implementation of risk management strategies, risk identification and mitigation activities, by ensuring regular ERM training and consistent ERM communications. Fosters appropriate risk management frameworks to support innovative solutions and new business opportunities.
- Taking responsibility for and authorizing any changes to the enterprise risk taxonomy documents.
- Supporting the Vice-President in the role as Chair on the Enterprise Risk Management Committee (ERMC) and overseeing aggregate risk exposures and progress of mitigation efforts against IFAD's primary risks, enabling clear reporting of IFADs aggregate risk profile against Executive Board- approved appetite levels, in the context of IFAD's strategic objectives.
- Championing discussions and dialogues on risk-related matters with internal and external stakeholders and fostering an environment of measured risk taking.
- Ensuring, together with the other internal stakeholders, the defence and improvement of IFADs Credit Rating (currently AA+).
- Managing the development and implementation of the division's annual work programme and budget.
- Leading and managing the risk team within the division and closely collaborating with other relevant teams, providing oversight of and coordination on risk matters across all risk domains.