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Midrand: Chief Risk Officer

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Job Description

About the Role

The Chief Risk Officer will lead the formulation, execution, and continuous enhancement of an enterprise-wide risk management strategy that aligns with the Bank’s strategic objectives and developmental priorities. The successful candidate will provide strategic risk leadership to the Executive Committee (ExCo), Board, and Board Committees to enable proactive, informed, and balanced decision-making.

Key Responsibilities

  • Lead the formulation, execution, and continuous enhancement of an enterprise-wide risk management strategy that aligns with the Bank’s strategic objectives and developmental priorities.
  • Provide strategic risk leadership to the ExCo, Board, and Board Committees to enable proactive, informed, and balanced decision-making.
  • Oversee a robust risk governance framework, including clear policies, procedures, delegation of authority, risk limits, and escalation protocols.
  • Establish and maintain early warning systems and risk triggers to detect deviations from the defined risk appetite, enabling timely intervention and mitigation.

Requirements

  • A minimum of 12 years senior-level experience in enterprise risk management, financial risk, or banking, preferably within a development finance institution or within a regulated financial services environment.
  • A minimum of 5 years in an executive or leadership role overseeing enterprise-wide risk functions, including credit risk, operational risk, market risk, or compliance.
  • Deep understanding of financial markets, banking products, and regulatory environments.
  • Demonstrated experience in developing and executing enterprise risk management strategies aligned to regulatory frameworks such as Basel Accords, and international risk standards.

Qualifications

  • Relevant undergraduate and post-graduate degrees/qualifications in related/relevant disciplines such as Finance, Risk Management, Economics, Actuarial Science, Banking, Development Finance.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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About Accounting / Finance Jobs in North Johannesburg

North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.

When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.

Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.

The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.

For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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