Risk & Reporting Analyst

Nedbank • Other • Johannesburg, Gauteng, South Africa • $200 - $300 / year • 2d ago

Requisition Details & Talent Acquisition Consultant

REQ 135871 – Michelle Thabethe
Location: Sandton
Closing Date: 17 October 2024

Job Purpose

To use advanced data analytics techniques to generate reports that provide value-adding insights for business, strategic and operational risk decision making in Group Procurement to achieve its strategic objectives and gain a competitive advantage.

Job Responsibilities

Risk Analysis:

Lead the data discovery processes; and collaborate with key stakeholders to consolidate data from different sources.
Ensure compliance with information technology and data risk management procedures when managing, analysing, and transferring data.
Use relevant analytics software and techniques to analyse data related to market trends, economic indicators, and regulatory changes to identify potential operational risks.
Evaluate potential operational risks from data trend analysis and propose mitigation strategies.
Analyse and model potential operational risk scenarios to assess their impact on Group Procurement’s risk profile and cluster impacts.
Build and maintain risk business models to support decision making and risk quantification.
Review enterprise and Group Procurement’s plans and ensure the delivered process, services and solutions are aligned to support the achievement of the business strategy, objectives and values.
Drive initiatives to enhance risk management processes, systems, and methodologies based on data-driven trends and industry best practices.

Operational Risk Reporting:

Create multifaceted reports in accordance with Group Procurement’s policies/ frameworks; and external reporting requirements, including insights which span operational sub-risk types.
Provide actionable insights and recommendations based on risk analysis to enhance operational risk management strategies.
Present reports developed at ad hoc governance committees and regulatory meetings.
Ensure submission of operational risk-related reports to regulatory bodies, in compliance with applicable laws and regulations.

Stakeholder Engagement:

Build and maintain collaborative relationships with key stakeholders.
Foster communication and collaboration with the internal team to ensure a comprehensive understanding of risk concerns and priorities.
Incorporate feedback from stakeholders into reports to enhance the accuracy and relevance of risk analysis.

Essential Qualifications - NQF Level