Risk Execution Officer

Standard Bank Group; Cape Town; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading financial services group in Cape Town is seeking a Risk Execution Officer to enhance risk compliance and testing in Personal and Private Banking. The role involves supporting risk frameworks and monitoring regulatory adherence, demanding 5-7 years of related experience. Candidates should have a Bachelor’s in a relevant field and demonstrate strong competencies in risk management, compliance, and training initiatives. Join a team of professionals dedicated to strengthening the control environment and ensuring proactive risk culture.

Qualifications

• Bachelor’s degree in Banking, Risk Management, Finance, Auditing, Compliance or a related field.
• 5 to 7 years’ experience in regulatory and risk management within retail or Personal and Private Banking.
• Proven experience in control testing, sample testing, risk monitoring or quality assurance.
• Experience with KYC, FICA, FAIS, PoPI and related regulatory requirements.

Responsibilities

• Support the Risk Execution Manager in implementing risk frameworks and performing physical sample testing.
• Identify and escalate gaps, emerging risks, incidents and losses.
• Monitor adherence to regulatory and internal requirements ensuring timely remediation.
• Drive adoption of risk tools and support risk awareness and training.

Job description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To support the Risk Execution Manager in overseeing, assessing and performing physical sample testing on key risk, compliance and regulatory controls across the allocated area, region or province within Personal and Private Banking, in order to strengthen the control environment, embed a proactive risk culture and ensure adherence to regulatory and internal requirements.

Key responsibilities

• Support the Risk Execution Manager in implementing risk frameworks and performing physical sample testing on key risk, compliance and regulatory controls.
• Identify and escalation gaps, emerging risks, incidents and losses, and recommend appropriate remedial actions to strengthen the control environment.
• Monitor adherence to regulatory and internal requirements (including KYC, FAIS, FICA, PoPI and OHASA), ensuring accurate record keeping and timely remediation of irregularities.
• Drive adoption of risk and management tools, provide clear quality management feedback and support risk awareness, training and a strong risk culture across the area or region.

Qualifications

• Bachelor’s degree in Banking, Risk Management, Finance, Auditing, Compliance or a related field.

Minimum experience

• 5 to 7 years’ experience in regulatory and risk management within retail or Personal and Private Banking, with solid understanding of applicable frameworks and requirements.
• Proven experience in control testing, sample testing, risk monitoring or quality assurance across branch or frontline operations.
• Demonstrated experience working with KYC, FICA, FAIS, PoPI and related regulatory requirements, including remediation of irregularities and support for audits and assurance reviews.
• Experience partnering with business and provincial or regional leadership to interpret risk reports, implement remedial action plans, drive adoption of risk tools and embed a proactive risk culture in the local market.

Additional Information

Behavioural Competencies

• Adopting Practical Approaches & Checking Things
• Articulating Information & Convincing People
• Developing Expertise & Providing Insights
• Establishing Rapport & Resolving Conflict
• Interpreting Data & Making Decisions
• Managing Tasks & Producing Output

Technical Competencies

• Compliance
• Evaluating Risk Management Effectiveness
• Fraud Detection and Management
• Promote Good Governance, Risk & Control
• Risk Awareness
• Risk Identification