Chief Risk Officer (CRO)

Mindworx; Pretoria; On-site; ZAR 600,000 - 750,000; Full time

Job summary

A leading risk management firm is seeking a Chief Risk Officer (CRO) to lead and implement a risk management strategy aligned with regulatory expectations. The role requires extensive experience in the banking industry, with strong leadership skills to guide the enterprise-wide risk function. Ideal candidates will have a postgraduate qualification in risk management and a proven track record in managing risk effectively.

Qualifications

• Post graduate qualification in Risk Management or related field.
• Registration with a professional body like IRMSA is an advantage.
• At least 8 to 10 years of experience in a similar position in the banking industry.

Responsibilities

• Lead the development of an integrated risk management strategy.
• Drive the execution of a robust risk strategy aligned with business goals.
• Ensure compliance with all relevant legislation and regulations.

Skills

Internal Audit

Information Systems

Environmental Science

Information Technology

Sales

Education

Post graduate qualification in Risk Management / Auditing or Accounting

Job description

Overview

We are seeking an experienced Chief Risk Officer (CRO) to lead the development and implementation of an integrated risk management strategy that is aligned to the organisations long-term vision and regulatory expectations.

Key Responsibilities

Strategic Risk Leadership

• 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.

Enterprise Risk Governance

• 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

• 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)

Required Experience

• Chief

Key Skills

• Internal Audit, Information Systems, Community Support, Environmental Science, Information Technology, Sales

Employment Type: Full-Time

Experience: years

Vacancy: 1