Johannesburg: Operational Risk Manager: Enterprise Risk Management

About the Role

The Operational Risk Manager will play a critical role in facilitating and managing the implementation and maintenance of our Enterprise Risk Management Framework, aligning to our core risk strategy. This is an exciting opportunity for a seasoned professional to join our team and contribute to our organization’s success.

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 as part of systems
• Build ERMF inclusive in RCSA
• Integrate Reporting (Board, Management Committees)
• Assist with Risk and Governance collation of pack
• ERM analysis, root cause analysis and risk assessment recommendations to Exco and Board
• Monitoring and updating the Strategic Enterprise Risk Register
• Monitor consistent application of ERM
• Keep a register of Top ERM risks
• Emerging Risk trends
• Ensure capturing of 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 a fit-for-purpose Operational Risk Management Framework (ORMF) aligned to the latest methodologies and best practice
• Ensure consistent implementation of the Operational Risk Management Framework within the organisation and alignment to strategic goals
• 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 appropriate 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 Banks risk appetite
• Co-ordinate and facilitate workshops on the top risks of the organisation, identify, assess, measure, monitor and report on the risks
• Developing and facilitating the collation, analysis and reporting of key risk indicators, and instituting a process for escalation and addressing identified control weaknesses
• Support BUs risk owners and champions in preparation for risk assessments
• Monitor and review the documentation from operational risk tools and other reporting in BUs to ensure consistency in terms of delivery within timeframes
• 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
• Develop reporting dashboards
• Ensure information is integrated in a timely manner
• Ensure accuracy of ORM reporting and information
• Stakeholder engagement and coordination of operational risk related committees, meetings, initiatives etc.
• Co-ordinate Enterprise Risk Committee (ERCO) meetings
• Support BU management to ensure that strategic decisions within the business areas take full accountability of the current and emerging enterprise risk profile
• Recommend value add risk management solutions to reduce the risk of re- occurrence and impact
• Ensure that risk issues identified are monitored, reported, escalated to relevant person/s & Committee/s and corrective actions are taken

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

Qualifications

• Relevant 4 year tertiary risk management degree or equivalent qualification (operational risk)

Salary & Benefits

Salary range will be discussed during the interview process.