Operational Risk Manager: Enterprise Risk Management

Land Bank Careers; Centurion; On-site; ZAR 600 000 - 1 000 000; Full time

Job summary

An established industry player is seeking an Operational Risk Manager to enhance its Enterprise Risk Management Framework. This pivotal role involves developing and implementing risk management strategies to safeguard the organization’s assets and reputation. You will lead the charge in identifying and mitigating risks, ensuring compliance with best practices, and fostering a culture of risk awareness across the organization. If you have a strong background in risk management and leadership, and are ready to make a significant impact, this opportunity is perfect for you. Join a team that values innovation and proactive risk management.

Qualifications

• 5-8 years experience in Enterprise and/or Operational Risk Management.
• Experience in a leadership or management position for at least 3 years.

Responsibilities

• Develop and maintain the Enterprise Risk Management Framework.
• Facilitate reporting processes for Board and Management committees.
• Coordinate stakeholder engagement and operational risk committees.

Skills

Risk Management Frameworks

Business/Financial Acumen

Project Management Principles

Operational Assessment Methodologies

Microsoft Office

Education

4 year tertiary risk management degree or equivalent

Tools

ERMF tools

Job description

Job title : Operational Risk Manager : Enterprise Risk Management

Job Location : Gauteng, Centurion Deadline : April 26, 2025

MAIN PURPOSE OF THE JOB

Develop and facilitate the implementation and maintenance of a fit-for-purpose Enterprise Risk Framework, which includes the Operational Risk, Financial Risk, Strategic Risk and IT Risk, within Land Bank thereby safeguarding the Land Bank, its assets, customers, reputation and the interests of stakeholders by identifying as well as managing all threats to the achievement of its business objectives.

Key Performance Areas

1. Facilitate and manage the implementation and maintenance of a fit-for-purpose Enterprise Risk Management Framework that aligns to the Banks core risk strategy
2. Maintain updates to the ERMF, including sub frameworks
3. Create awareness and training
4. Train Champions and Management
5. ERMF tools as part of systems Build
6. ERMF inclusive in RCSA
7. Integrate Reporting(Board, Management Committees)
8. Assist with Risk and Governance collation of pack
9. ERM analysis, root cause analysis and risk assessment recommendations to Exco and Board
10. Monitoring and updating the Strategic Enterprise Risk Register
11. Monitoring consistent application of ERM
12. Keep a register of Top ERM risks
13. Emerging Risk trends
14. Ensure capturing of all ERM incidents
15. Review SLA and business processes

Develop and facilitate the implementation and maintenance of a fit-for-purpose Operational Risk Management Framework

1. Develop and maintain a fit-for-purpose Operational Risk Management Framework (ORMF) aligned to the latest methodologies and best practice
2. Ensure the consistent implementation of the Operational Risk Management Framework within the organisation and alignment to strategic goals
3. Develop and maintain Operational risk policies, manuals and procedures
4. Liaise with Head : Operational Risk and business units on risk related matters
5. Analyse business unit risk reports and provide appropriate recommendations
6. Ensure risk reports are produced, monitored and discussed with management in line with the ERM framework
7. Provide support to business unit management in carrying out their respective risk management responsibilities
8. Represent risk at key stakeholder forums and committees
9. Facilitate proper allocation of responsibility and accountability (i.e. DOP)
10. Conduct risk & control self-assessments on new products, and strategic initiatives within the bank
11. Assist in the identification and quantification of the Bank’s risk appetite
12. Co-ordinate and facilitate workshops on the top risks of the organisation, identify, assess, measure, monitor and report on the risks
13. Developing and facilitating the collation, analysis and reporting of key risk indicators, and instituting a process for escalation and addressing identified control weaknesses
14. Support BU’s risk owners and champions in preparation for risk assessments
15. Monitor and review the documentation from operational risk tools and other reporting in BUs to ensure consistency in terms of delivery within timeframes

Facilitate the reporting of ERM for Board and Management committees reporting processes by creating an effective reporting mechanism.

1. Develop and implement a framework for reporting
2. Develop reporting dashboards
3. Ensure information is integrated in a timely manner
4. Ensure accuracy of ORM reporting and information

Stakeholder engagement and coordination of operational risk related committees, meetings, initiatives…etc.

1. Co-ordinate Enterprise Risk Committee (ERCO) meetings
2. Support BU management to ensure that strategic decisions within the business areas take full accountability of the current and emerging enterprise risk profile
3. Recommend value add risk management solutions to reduce the risk of re- occurrence and impact
4. Ensure that risk issues identified are monitored, reported, escalated to relevant person / s & Committee / s and corrective actions are taken

People Management (Indirect and Direct Reports)

Performance Management

1. Analyse the business plan to determine the applicable deliverables and targets
2. Compile the Performance Management documentation in collaboration with the staff member in terms of :

Job Profile requirements

1. Personal Development Plan
2. Conduct performance planning session and Track and monitor performance in accordance with performance contracts
3. Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary
4. Provide coaching and feedback to employees on how to improve and sustain their performance
5. Conduct disciplinary actions as per Land Bank’s policy and procedure where necessary
6. Risk Champion management of KPI’s and performance assessment

Preferred Minimum Education and Experience

1. Relevant 4 year tertiary risk management degree or equivalent qualification (operational risk)
2. 5-8 years Experience in Enterprise and / or Operational Risk Management
3. 5 years Experience within a risk or auditing environment
4. 3 years Experience in a leadership or management position

Critical Competencies

1. Microsoft Office
2. Business / Financial acumen
3. Risk Management Frameworks
4. Knowledge of Operational Assessment methodologies and tools
5. Project Management Principles
6. Knowledge of Business and Commercial Law Principles

Additional Requirements

1. Travel as and when required
2. Extended hours as and when required, including weekends
3. Ensure availability on cell phone when finalizing reporting for ERCO and Board submissions