Cape Town: Operational Risk Analyst posted by Rory Mackie & Associates

About the Role

Our client, an independent global asset manager with R3.08 trillion in assets under management, is seeking an Operational Risk Analyst to join their team. The Operational Risk team is a global function responsible for the design, implementation, and oversight of the company’s operational risk management framework, including policies, methodologies, tools, and systems.

Key Responsibilities

• Support the capture, analysis, and quality assurance of operational risk events, including near misses and loss data
• Assist with root cause analysis, impact assessment, and classification of risk events
• Track remediation findings and actions arising from risk events, and escalate overdue or material findings as required
• Contribute to trend analysis and thematic insights derived from risk event data
• Facilitate and support Risk and Control Self-Assessments (RCSAs) and other risk identification exercises
• Assist business functions in identifying inherent risks, assessing control effectiveness, and determining residual risk
• Support the maintenance of risk registers and key risk documentation
• Support the identification, design, and documentation of key controls to mitigate operational risks
• Assist in assessing control design and operating effectiveness as part of RCSAs and ongoing monitoring
• Support the development, tracking, and validation of risk mitigation plans and management findings and actions
• Produce regular operational risk reports and dashboards for management, committees, and senior stakeholders
• Monitor key risk indicators (KRIs), thresholds, and emerging risk signals
• Support escalation processes for risk events, control failures, or adverse trends
• Ensure reporting is accurate, timely, and aligned with governance requirements
• Support the development, implementation, and ongoing maintenance of the operational risk management framework
• Assist in drafting, reviewing, and updating operational risk policies, standards, and procedures
• Help ensure alignment with regulatory expectations, internal governance standards, and best practice
• Support the design and delivery of operational risk training and awareness initiatives
• Assist in embedding risk management practices and culture across the organisation
• Provide guidance to business stakeholders on operational risk processes and tools
• Support the administration and ongoing enhancement of operational risk systems and tools
• Assist users with system queries, data quality issues, and process guidance
• Contribute to system testing, upgrades, and process improvements

Requirements

• Up to 3 years experience in risk management, or related control functions (including compliance, internal audit, or an equivalent first-line control role), or a CA qualification
• Experience in financial services or another regulated environment
• A strong understanding of operational risk concepts (e.g. risk events, RCSAs, KRIs, controls)
• Familiarity with operational risk systems or GRC tools
• Exposure to regulatory frameworks and governance expectations

Qualifications

No specific qualifications mentioned.

Salary & Benefits

No salary information provided.

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