Head of Risk Management

Date: 30-Sep-2022

Location: Dublin, Ireland

Company: Ornua Co-operative Limited

 


Ornua is a dairy co-operative which sells dairy products on behalf of its Members, Ireland’s dairy processors and, in turn, Irish dairy farmers.  It is Ireland’s largest exporter of Irish dairy products, exporting to 110 countries worldwide.  Headquartered in Dublin, it has annualised sales of over €2.5 billion and a global team of 2,850 employees.  Ornua operates from 10 business units worldwide, including 16 production facilities, and has sales and marketing teams working in-market across all four corners of the globe.


The Group is structured across two divisions: Ornua Foods and Ornua Ingredients.


Ornua Foods is responsible for the marketing and sales of Ornua’s consumer brands including Kerrygold, Dubliner, Pilgrims Choice, Kerrygold, Avantage, Forto, and BEO.  Markets are served by production facilities and in-market sales and marketing teams in Africa, Asia, Germany, Ireland, the UK, the rest of Europe, the Middle East, and the US.


Ornua Ingredients is responsible for the procurement of Irish and non-Irish dairy products and for the sale of dairy ingredients to food manufacturing and foodservice customers across the world.  Ornua Ingredients is also responsible for managing volatility through de-risking and trading strategies. The business is supported by production facilities in Saudi Arabia, Spain, the UK, the US and by in-market teams in Africa and the Middle East.

 

 

Ornua’s Values


At Ornua, our Values guide us as we work together and care for each other to achieve great things. Our five values, and their underlying behaviours, encourage us to Seek and Embrace New Ideas, Make It Happen, Be Our True Selves, Show You Care and Achieve Great Things Together.

 

 

Dynamic Working

 

Ornua have a Dynamic Working policy in place which facilitates flexible hours and hybrid working.

 

The Role

 

The Head of Risk Management is a new role and will report to the Chief Risk and Compliance Officer, with an independent reporting line to the CEO and as necessary the Audit Committee.  The Head of Risk Management will be responsible for establishing the risk governance structures for Ornua’s global business.  The Head of Risk Management will ensure that the Risk function operates as a Second Line of Defence within the Group and will have a mandate to perform independent monitoring and assurance activities. 

 

Key Responsibilities:

 

  • Leadership of the 2LOD Group Risk Function at Ornua.
  • Manage and develop the Ornua Group Risk Management Framework.
  • Identify, review and question both insurable and uninsurable risks across the Ornua group of global businesses and support functions.
  • Perform independent risk monitoring and assurance activities.
  • Work with key stakeholders to establish a risk appetite and ensure that risk approach is followed.
  • Conduct a risk capacity and capability assessment to inform the Risk function and business unit resource requirements.
  • Review Ornua’s the Risk Management Policy (RMP) bi-annually.
  • Develop new and improved communications to further embed the risk culture in Ornua from a top-down and bottom-up perspective.
  • Manage training and awareness raising activities on Ornua’s Risk Management Framework and Risk culture.
  • Develop and manage a suite of integrated risk metrics and information which are consistent across the group and support of a prioritised approach to risk management.
  • Manage and develop a Risk Monitoring Plan to ensure that an appropriate policy is in place for all of the Material Risk Types and review activities to ensure policies are being complied with groupwide.
  • Work closely with other members of the Risk Function, including Insurance, Operational Risk, Legal and Regulatory, in order to provide a holistic approach to risk identification and management.
  • Report to the Audit Committee and Board on the management of risk within the Ornua Group.

 

The Ideal Candidate:

 

  • Experience designing, implementing and managing and effective Risk Management strategy in a large business on a global basis.
  • Significant technical understanding of operational risk and other fields of risk management and ability to translate this into practical solutions for Ornua.
  • Significant experience conducting risk assessments within multiple categories of insurable and uninsurable risks.
  • Familiarity with Governance, Risk and Compliance (GRC) and risk-related IT systems.
  • Excellent communication (both verbal and written) and presentation skills, with ability to target diverse business areas with a clear message
  • A strong ability to influence senior stakeholders
  • Knowledge of the food/dairy industry would be an advantage

 

 

 

 

 

 

 

 

 

 

 

 

 

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