Junior Risk Practitioner

Telesure Investment Holdings (TIH); Johannesburg; On-site; ZAR 300,000 - 420,000; Full time

Job summary

TIH invites you to join its risk function as an early-career risk analyst. You will assist embedding enterprise risk management across the group, monitor risk parameters and support business continuity activities.

You will collaborate to ensure regulatory compliance with GOI requirements from the Prudential Authority, perform data collection and analysis, and help with incident reporting and risk administration.

Qualifications

• 1-2 years risk management experience in financial services (essential)
• Understanding of risk controls and mitigation
• Familiarity with regulatory requirements and governance

Responsibilities

• Assist with embedding enterprise risk management across the TIH Group
• Monitor risk parameters and report deviations to senior colleagues
• Support Business Continuity coordination and incident reporting
• Collaborate to ensure risk logs are up to date and reflect losses and near misses
• Communicate risk reports to stakeholders and assist internal audit
• Assist with risk administration and coordination

Skills

Risk management

Regulatory awareness

Data analysis

Incident reporting

Education

Grade 12 / SAQA equivalent

BSc / BCom / BTech

Risk management qualification (FRM/PRMIA/ ORM/ CRISC)

Job description

Join TIH, home to some of South Africa's leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Assist with embedding the Enterprise Risk Management endeavors within the TIH Group, monitor and report at the appropriate levels where the management of its mitigation can be affected and accounted for. Assist with risk management procedures such as control assessments, risk appetite monitoring and risk assessments across the Group. Provide support on Business Continuity across the Group. Collaborate within the Risk Function to ensure regulatory compliance with the GOI requirements from the Prudential Authority in respect of the Risk function.

Responsibilities

Risk Management Analysis & Team Support

Keep track of risk parameters, identify deviations and report them to more senior colleagues. Work within
established risk management systems. Collaborate to ensure Risk log is comprehensive, up to date and reflects the losses, near misses and external events that could impact our environment. Ensure incident information is comprehensive and correct and that the controls manage the risk appropriately. Monitor risk appetite and report on risk breaches. Assist business Continuity Management coordination. Assist with sharing incidents and risk registers with Internal audit to aid their review. When required, ensure that internal audit findings are tracked to resolution and progress is monitored. Assist the team with Risk Administration and coordination.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on queries on basic information on process and policies. Escalate complex queries to senior members of the team. When documenting processes and the related policies, refer to others where necessary for interpretation of the policy and solicit feedback. Communicate Risk reports to stakeholders within business.

Internal Client Relationship Management

Build effective working relationships within the internal client organisation and contribute to the management of the partnering relationship. Deliver high-quality professional services within established routines or as part of an agreed project.

Data Collection & Analysis

Collate and analyse data using pre-set tools, methods and formats. Perform regular control assessments, demonstrate an understanding of the controls as well as the underlying business and challenge controls to ensure that the controls are appropriate in relation to the risk and its intended mitigation thereof.

Recommendations

Identify changes that may need to be made to ensure the organisation is in compliance. Provide information and clarification on existing procedures, processes and precedents. Self-manage your participation in the incident reporting process, specifically in terms of control reviews and future improvements. Be willing to facilitate and interact on a managerial level. Produce relevant information that will assist with future improvement.

Policy Development & Implementation

Provide routine support services to others within the Risk Function. Participate in the development and ongoing maintenance of relevant Risk related policies and procedures. Collaborate to ensure that policies and procedures comply with all regulatory requirements. Collaborate to update relevant policies and align risk management practices to the regulatory requirements.

Compliance

Be able to identify non-compliance issues and participate to provide possible solutions/recommendations to ad hoc problems within an assigned unit or discipline. This would require working under guidance and within existing compliance systems. Contribute towards regulatory compliance within the Risk Function.

Personal Capability Building

Contribute to the development of own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation where relevant to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Data Management

Use data management systems to access specific information as and when required. Ensure maintenance of data integrity on internal risk management software.

Education

Grade 12/ SAQA Accredited Equivalent (Essential); BSc / BCom / BTech Degree (Essential); Degree in Risk Management/Financial Risk or similar Professional qualification in Risk Management FRM/PRMIA ORM/ CRISC (Advantageous)

Experience

1-2 years risk management experience in the financial services industry (Essential); Experience in Insurance industry (Advantageous).