Operational Risk Manager

firstrand; Johannesburg; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

Join a leading corporate and investment bank as an Operational Risk Manager, where you will provide direction on risk strategies, monitor compliance, and ensure effective implementation of risk frameworks. Enjoy opportunities for professional development in a dynamic environment focused on innovation and collaboration.

Benefits

Opportunities to network and collaborate

Challenging work

Opportunities to innovate

Qualifications

• 5 to 8 years of experience in Risk.
• Strong knowledge of Operational and Resilience Risk frameworks.

Responsibilities

• Provide direction on the Operational and Resilience Risk role.
• Assess compliance with risk frameworks and policies.
• Monitor and manage sub risk type profiles across business areas.

Skills

Risk assessment

Compliance

Thought leadership

Analytics

Stakeholder management

Education

Bachelor of Commerce with Honours in Finance

Job description

Time left to apply: End Date: July 2, 2025 (6 days left to apply)

Job requisition id: R35851

Job Description

Hello Future Operational Risk Manager,

RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.

United by our proud heritage, strong ethics, and philosophy of traditional values, our innovative ideas, and the magic of our people and culture set us apart.

Now is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

In this role, you will provide clear direction to the business units on the Operational and Resilience Risk role, strategic plan, and key focus areas. You will also provide relevant coaching, guidance, and training to the businesses on the implementation and maintenance of the Operational and Resilience Risk framework components, including Risk and Control Self-Assessment, Risk indicators, Events, Strategic Risk Assessments, and Key Risk.

Your responsibilities include assessing the level of compliance of the business with relevant risk frameworks and policies, staying up-to-date with the Operational and Resilience Risk framework, policies, standards, procedures, and relevant legislation/regulations, and acting as the specialist in RB business for all elements of the Operational and Resilience Risk framework.

Are You Someone Who Can:

• Monitor, check, and challenge first line in setting and executing the Operational Risk strategy, leveraging governance and control resources in each business area.
• Provide thought leadership and drive consistency in the second line approach to Operational risk.
• Monitor the Combined assurance strategy and participate actively in the assurance forum.
• Ensure each business area has measures to monitor and manage all sub risk type profiles.
• Drive the development and implementation of standards.
• Establish risk appetite with the business to maintain exposure in line with it.
• Embed Group operational risk standards into all risk-reward decisions and business management.
• Participate actively in management committees and operational risk forums.
• Assess, challenge, and monitor current and future exposure to Operational Risk.
• Support scoping and defining Operational and Resilience Risk deliverables and plans.
• Ensure business readiness for assurance reviews and deep dives, and discuss issues and actions.
• Assess the relevance and performance of risk indicators and thresholds.
• Review key risk assessments and the overall risk profile of business units.
• Partner with the first line to guide issue/action documentation, tracking, escalation, and remediation.
• Perform conformance reviews and oversee lessons learned exercises.
• Review major remediation plans and oversee loss event reconciliations.
• Assess the key risk framework and reporting accuracy.
• Provide analytics and insights from reports to senior management.
• Ensure appropriate reporting and escalation at governance forums.
• Represent RB in reporting forums internally and externally.
• Check governance followed by first line and third-party vendors.
• Manage second line governance where applicable.
• Participate in assurance activities and develop combined assurance methodologies.

You Will Be An Ideal Candidate If You:

• Hold a Bachelor of Commerce with Honours in Finance.
• Have 5 to 8 years of experience in Risk.

You Will Have Access To:

• Opportunities to network and collaborate.
• Challenging work.
• Opportunities to innovate.

Interested in taking the next step? We look forward to engaging with you further. Apply now!

Job Details

Note: Applications will not be accepted after the below date. Kindly submit your application before the deadline.

Application deadline: June 27, 2025 (1 day left to apply)

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. Candidates may disclose disability information voluntarily. This information will be kept confidential unless required by law.

Introduce Yourself

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About Us

RMB is a leading corporate and investment bank in South Africa and Africa, offering advisory, funding, trading, banking, and investing solutions. RMB values high performance and aims to address real-world challenges, such as funding the green economy, supporting transformation, and financing infrastructure. If you want to make a meaningful impact, RMB is the place to build your career.