Chief Risk Officer (Cro)

Mindworx Consulting; Pretoria; On-site; ZAR 800,000 - 1,100,000; Full time

Job summary

A leading company seeks an experienced Risk Manager to develop and execute a robust risk strategy aligned with its goals. The role involves advising leadership on emerging risks, embedding a risk culture, and ensuring compliance with financial regulations. Ideal candidates will have extensive banking experience, demonstrating strong leadership and comprehensive knowledge of risk management practices.

Qualifications

• 8-10 years post qualification experience in banking risk management.
• Registration with a professional body like IRMSA is advantageous.
• Thorough understanding of banking practices and risk management.

Responsibilities

• Drive and execute a robust risk strategy aligned with organizational goals.
• Lead risk function covering credit, market, operational, compliance, and strategic risk.
• Ensure compliance with applicable legislation and lead fraud prevention strategies.

Skills

Risk Management

Compliance

Strategic Planning

Leadership

Change Management

Education

Postgraduate qualification in Risk Management / Auditing or Accounting

Job description

Drive the design and execution of a robust risk strategy aligned with the organisations overarching goals and risk appetite.

Advise the Board and executive leadership on emerging and material risks, ensuring informed decision-making and sustainable growth.

Develop and implement integrated risk frameworks, policies, and tolerance levels across all functional areas.

Lead the enterprise-wide risk function covering all key domains

credit, market, operational, compliance, liquidity, strategic, and financial crime risk.

Oversee the development of a common risk assessment methodology aligned with the businesss strategic, tactical, and operational objectives.

Embed a positive risk culture and ensure risk controls are well understood and operationalised across the enterprise.

Capital and Financial Risk Management

Support the Internal Capital Adequacy Assessment Process (ICAAP) and contribute to balance sheet and ALM activities.

Ensure capital is appropriately measured and allocated for all material risks.

Establish risk-adjusted performance frameworks that enable value-based decision-making.

Compliance and Regulatory Oversight

Ensure ongoing compliance with all applicable legislation and financial sector regulations (e.g., PFMA, Banks Act, FICA).

Lead the development and execution of contingency planning, fraud prevention strategies, and business continuity frameworks.

Oversee the preparation of risk reports to the Board, Risk Committees, and regulatory authorities.

People & Culture Enablement

Foster a high-performance, inclusive culture by aligning teams to risk goals and building capability at all organisational levels.

Ensure talent development, succession planning, and training initiatives are in place to maintain a future-fit risk function.

Act as a role model for ethics, integrity, and resilience in leadership

Qualifications :

Post graduate qualification in Risk Management / Auditing or Accounting or a combination of Business Science and a post graduate qualification.

Registration with a professional body such as IRMSA or similar other professional organisation would be an advantage

Experience :

At least 8 to 10 years post qualification experience in a similar position, in the banking industry.

Knowledge and understanding of :

Thorough understanding of banking practices and the associated risk management thereof.

Proven track record in managing risk management department(s) in a similar environment

Good understanding of integrated risk management processes and techniques, governance frameworks and emerging practices

Good understanding of capital management, allocation concepts and methodology

Understanding of financial and strategic planning Good understanding of regulatory environment (e.g. PMFA, Banks Act, FICA, etc)

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