- Contractor Position
- Hybrid
In this role, you will be responsible to provide strategic leadership, direction and implementation of enterprise risk management to the respective functional business areas supported and act as a trusted enterprise risk management business partner that equips business with the tools to mitigate financial, reputational and regulatory impact of risks.
REQUIREMENTS - Relevant Honours Degree in Risk Management and/or mathematics, preferably with a professional qualification such as a CA(SA) or CFA
- Clear understanding of the Basel III Capital Calculation Methods and in depth knowledge of Basel accord
- 7 to 10 years experience in Enterprise Risk Management environment, preferably also with ALM or credit risk experience
- Credit Risk experience at Professional level
- Strong leadership qualities including; purposeful collaboration, influencing others, leading courageously, highly proactive, ability to manage and oversee projects
- Strong relationship building qualities
- High level of understanding of Enterprise Risk Management Framework and process and the ability to implement
- Good knowledge of risk management related to other risk types (credit, market, strategic, liquidity, etc.).
- Solid knowledge of Microsoft Excel, Word & PowerPoint
- Working knowledge of Risk Management Systems and Measurement Tools
- Insight into all regulatory requirements related to the banking industry
- Excellent Presentation skills
- Strong analytical skills
- Ability to utilise/source all appropriate resources that will enhance the functioning of the department
- Strong communication skills (verbal, written and presentation)
KEY AREAS OF RESPONSIBILITY / DESCRIPTION OF TASKS
Support the Chief Risk Officer in the following: - Enterprise Risk strategy and framework development and deployment
- Enhance the Enterprise Risk Management framework, supporting policies, standards, and procedures to ensure that they are fit for purpose to:
- Identify existing and emerging risks, assess, monitor, report, escalate to relevant person/s and Committee/s and mitigate
- Monitor the adequacy and efficiency of risk processes and guide the business areas management where appropriate.
- Support the strategic objectives and all of its risk-taking activities within the approve appetite
- Improve the risk management philosophy and culture within the organisation through awareness campaigns and training initiatives.
- Assist risk owners with determination of appropriate measure and mitigation plans for their risks
- Are based on best practices
- Risk appetite monitoring/oversight and development:
- Monitor risk appetite and translating into a risk limits structure
- Monitor risk limit adherence, management are to monitor from a 1st line perspective, while Group Risk monitors from a 2nd line perspective
- Managing and participating in key decision-making processes including strategic planning, capital and liquidity planning, acquisitions, new products and services, compensation design and operation
Quantitative risk modelling - Development, implementation and operationalise financial models for Group Risk. Including but not limited to Capital forecasts (ICAAP), Liquidity, Credit (SA-CCR & Scorecards), Market risk (IRRBB, VaR & NOP), Regulatory capital and Financial (i.e. IFRS9) models
- Develop risk principles, processes that relates to the assessment of risk measurement models and also maintaining knowledge on the models and the use of models across
- Assess and monitor the value, accuracy, and appropriateness of risk models through their lifecycle
- Evaluate and mitigate model risk
- Compilation of model build and business requirement documentation
- Continuously research advanced quantitative risk management techniques and methodologies and introduce new quantitative risk initiatives and stress tests, with the view of improving the sustainability of the organisation;
- Provide quantitative and qualitative risk status reporting with accurate and reliable business information together with analysing trends and data to relevant stakeholders;
- Collect and analyse risk data across the organisation and identify and report on emerging trends;
- Participate in Regulatory/industry meetings and workshops;
- Any other such risk duties as required by Management, within the broader risk management environment
Staff - Manage and lead the Group Risk Team
- Ongoing strengthening of staff skills and enhancements to risk management systems, policies, processes, quantitative models, and reports
- Develop and coordinate the Banks enterprise risk management training programs.
- Maintain a risk reporting communication channel as well as a process that builds a positive risk culture and promotes individual responsibility.
- Lead reviews of major projects, products, processes and system to identify required risks and controls and providing guidance to Business on risk issues.
Reporting - Provide qualitative risk status reporting with accurate and reliable business information together with analysing trends and data to relevant stakeholders
- Coordinate the Banks ERM reporting and metrics, including monitoring top enterprise risks and assessing exposures across the Banks key risk types.
- Support the Banks key operational risk management programs as needed (Operational Risk Event Reporting, End User Computing, Vendor Risk Management, and Business Continuity).
- Identify, communicate relevant trends, developments, key performance drivers and root causes.
- Provide input into and maintain the risk maturity profile of the organisation.
- Continuously research advanced risk management techniques and methodologies and introduce new risk initiatives, with the view of improving the sustainability of the organisation.
- Research a wide variety of topics and issues including regulatory matters, emerging risks and trends and risk management best practices and report timeously to relevant stakeholders.
- Provide input into and facilitate enterprise-wide scenario analysis and development as well as stress testing of the various risk types.
- Use external data to benchmark against trends or actual control environments itself.
- Oversee and drive the project management and documentation requirements for all key risk projects
Stakeholder engagement - Build and maintain credible relationships with internal and external stakeholders, including the Board, executive management, internal and external audit, regulator, peers, etc.
- Provide input into the development and implementation of a strategic and annual enterprise risk management plan and operational risk management plan.
