Chief Risk Officer

Afrizan Personnel; Cape Town, Johannesburg; On-site; ZAR 80 000 - 120 000; Full time

Job summary

An established industry player is seeking a Chief Risk Officer to lead risk management efforts across a diverse range of financial services. This pivotal role involves overseeing compliance, fostering a risk-aware culture, and collaborating with stakeholders to drive strategic decision-making. The ideal candidate will possess extensive experience in credit risk management and a proven track record in leadership within the financial sector. Join this dynamic team to make a significant impact and shape the future of risk management in a forward-thinking organization.

Qualifications

• 8-10 years of experience in risk management, including 5 years in leadership roles.
• Strong background in financial services, particularly in lending and banking.

Responsibilities

• Oversee the full risk spectrum, including credit and operational risks.
• Cultivate relationships with stakeholders and ensure compliance with regulations.

Skills

Risk Management

Compliance

Stakeholder Management

Credit Risk Analysis

Communication Skills

Team Leadership

Education

Degree in Audit/Accounting/Risk/Compliance

Post-graduate qualification in related area

Job description

A leading organisation is looking for a Chief Risk Officer to join their team. The main purpose of the role is to provide oversight over the full risk spectrum including credit- risk, operational risk, market, interest rate, liquidity risk, and IT security. In addition, the function owns the compliance and forensics functions in the business. The role drives a risk-awareness culture, contribute to strategic decision-making, and collaborate with internal and external stakeholders, including regulators

Responsibilities :

Relationship Building :

• Cultivate and manage relationships with internal and external stakeholders.

Risk & Compliance Management :

• Analyse and monitor risks, providing second-line assessments and reports to OMF Risk Committees and Board structures.
• Ensure compliance with applicable laws, regulations and OM Group risk and compliance policies.

Stakeholder Management :

• Keep the OMF Board informed of relevant risks and mitigating actions.
• Manage relationships with third parties, regulatory bodies, investors, and auditors.
• Facilitate the annual review of risk profiles for OMF and related businesses.

Strategy Development and Alignment :

• Participate in risk strategy and planning for the Group.
• Develop risk strategy for SA Lending and transactional businesses.
• Assist in developing Risk Appetite in line with the Group Risk Strategy.

Risk Assurance :

• Act as Risk Executive for a specific Segment.
• Monitor and report on the effectiveness of processes in relation to the Group Risk Governance Framework.
• Focus on significant risks and their management within appetite, simplifying and integrating risk management processes.
• Provide leadership that fosters risk ownership and accountability in Line 1.
• Influence business to incorporate risk-based thinking in decision-making.

Team Effectiveness :

• Ensure the Risk Team remains closely engaged with the business.
• Collaborate with other Risk Centres of Excellence and assurance providers.
• Balance priorities while guiding and motivating the team for optimal performance.
• Plan and assign work, select, and grow staff to strengthen team capability.

Additional Responsibilities :

• Coordinate the development of the fraud prevention strategy.
• Develop, manage, and refine qualitative and quantitative risk reporting.
• Implement and enhance the risk framework across the business.
• Support a culture of informed risk-taking through embedding the agreed risk framework into decision-making.
• Implement an Enterprise Risk Management framework aligned with the company’s Group framework.

Requirements :

• Degree and Post-graduate professional qualification in Audit / Accounting / Risk / Compliance or a related area.
• 8-10 years' relevant experience, including at least 5 years at a credit risk leadership level.
• Significant financial services exposure in a Lending and Banking environment.
• Extensive Credit Risk Management experience with a proven track record of oversight, delivery, and collaboration.
• Strong first-line business and credit experience is essential.
• Excellent written and verbal communication skills.
• Solid integration and strong credit risk analytical abilities.

EE Disclaimer : Kindly note that all positions will be filled in accordance with the Company’s Employment Equity plan. We also encourage people with disabilities to apply.

Application Unsuccessful Disclaimer : Should you not receive feedback on your application with us within a period of 2 weeks of submission, you may consider your application as being unsuccessful. Please keep an eye on our website and other career sites for future opportunities that may arise.

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