Johannesburg: Operational Risk Manager: Enterprise Risk Management

About the Role

The Operational Risk Manager will be responsible for facilitating and managing the implementation and maintenance of a fit-for-purpose Enterprise Risk Management Framework that aligns to the Bank’s core risk strategy. This role requires strong analytical, communication, and project management skills to ensure the effective management of operational risk.

Key Responsibilities

• Facilitate and manage the implementation and maintenance of a fit-for-purpose Enterprise Risk Management Framework
• Maintain updates to the ERMF, including sub-frameworks
• Create awareness and training on ERMF tools and best practices
• Train Champions and Management on ERMF tools and best practices
• Build ERMF inclusive in RCSA
• Integrate Reporting (Board, Management Committees)
• Assist with Risk and Governance collation of pack
• Conduct risk analysis, root cause analysis, and risk assessment recommendations to Exco and Board
• Monitor and update the Strategic Enterprise Risk Register
• Ensure consistent application of ERM
• Keep a register of Top ERM risks
• Identify Emerging Risk trends
• Capture all ERM incidents
• Review SLA and business processes
• Develop and facilitate the implementation and maintenance of a fit-for-purpose Operational Risk Management Framework
• Develop and maintain Operational risk policies, manuals, and procedures
• Liaise with Head: Operational Risk and business units on risk-related matters
• Analyse business unit risk reports and provide recommendations
• Ensure risk reports are produced, monitored, and discussed with management in line with the ERM framework
• Provide support to business unit management in carrying out their respective risk management responsibilities
• Represent risk at key stakeholder forums and committees
• Facilitate proper allocation of responsibility and accountability (i.e. DOP)
• Conduct risk & control self-assessments on new products, and strategic initiatives within the bank
• Assist in the identification and quantification of the Bank’s risk appetite
• Coordinate and facilitate workshops on top risks of the organization
• Develop and facilitate the collation, analysis, and reporting of key risk indicators
• Instigate a process for escalation and addressing identified control weaknesses
• Support BUs risk owners and champions in preparation for risk assessments
• Monitor and review documentation from operational risk tools and other reporting in BUs to ensure consistency
• Facilitate the reporting of ERM for Board and Management committees’ reporting processes by creating an effective reporting mechanism
• Develop and implement a framework for reporting
• Ensure information is integrated in a timely manner
• Ensure accuracy of ORM reporting and information

Requirements

• Relevant 4-year tertiary risk management degree or equivalent qualification (operational risk)
• 5-8 years Experience in Enterprise and/or Operational Risk Management
• 5 years Experience within a risk or auditing environment
• 3 years Experience in a leadership or management position
• Critical Competencies:
• Microsoft Office Business / Financial acumen
• Risk Management Frameworks
• Knowledge of Operational Assessment methodologies and tools
• Project Management Principles
• Knowledge of Business and Commercial Law Principles

Qualifications

None mentioned.

Salary & Benefits

Salary details not specified.