QUALIFICATIONS AND EXPERIENCE
- Post graduate Risk or Auditing qualifications
- MBA or Business Management degree is an added advantage
- Sound understanding both in terms of depth and breadth of operational risk management principles
- Minimum risk management experience of at least 8 to 10 years in financial industry, with at least 2 years at senior management level managing direct reports
KEY DELIVERABLES
- Maintenance of an efficient and effective Enterprise-wide and Operational Risk function.
- Strategic development of the Enterprise-wide and Operational Risk function to meet the requirements of management, board and clients.
- Adequately manage staff in the Enterprise-wide and Operational Risk function ensuring that the expected benefits of the function are obtained.
- Reporting to and the translation of, relevant information emanating from the Enterprise-wide and Operational Risk function.
- Driving the completeness, integrity and efficiency of data management across the Organisation
- Development and maintenance of an effective enterprise risk management philosophy across all divisions.
- Co-ordinate the risk analysis activities identifying appropriate responses to all risks identified in all divisions including those identified by Internal and External Audit, Regulatory Compliance and regulators and any other external parties.
- Identify where necessary, substantiate and co-ordinate reviews of procedures, process and controls by external parties.
- Develop and maintain mechanism for risk monitoring and assessment, mandate and regulatory compliance monitoring and performance & attribution calculations and reporting.
- Provide independent risk assessment and reporting actions with the objective of providing a holistic view of the risks to the organisation.
- Support process of identifying and reporting errors, exposures and losses, and assist in the design of mitigation and control procedures.
- Develop and maintain the standing of Enterprise-wide and Operational Risk within the Organisation;
- Review and report on the accuracy, timeliness and relevance of the financial and other information provided to management, the board, the shareholder and clients.
- Support the Chief Risk Officer on an ad-hoc basis to represent Risk in various forums and committees, on an ad-hoc basis.
- Lead, mentor and develop subordinates
- Reporting as appropriate to senior management, Board/Board committees and clients.
REQUIRED COMPETENCIES AND SKILLS
- Strong analytical skills
- Strategic thinking
- Excellent communication skills, both verbal and written
- Thorough knowledge of risk management principles and practices
- Knowledge of the ISO 31000 standards, COSO risk governance principles, corporate governance principles e.g., King IV
- Knowledge of asset management industry
- Knowledge of insurance coverage, industry standards
- Knowledge of financial markets – capital, money, equity, foreign exchange and financial derivatives
- Knowledge of compliance, risk and financial management
- PFMA, Treasury Regulations and other relevant legislation
- Knowledge of Ethics
- Project management
Desired Skills:
- Strategic
- Analytic
Desired Work Experience:
- More than 10 years
Desired Qualification Level:
- Honours