Risk Manager

FirstRand group; Johannesburg; On-site; ZAR 550,000 - 750,000; Full time

Job summary

A major financial institution in Johannesburg is seeking a Regulatory Risk Manager to oversee risk management processes, support compliance, and cultivate cross-functional relationships. Candidates should have a degree in Risk Management and a minimum of 4-5 years of relevant experience in regulatory risk. The role focuses on risk assessments, data integrity, and enhancing reporting standards, providing a chance to influence risk strategies and ensure effective controls.

Qualifications

• Minimum of a degree in Risk Management or similar.
• 4 to 5 years of Regulatory Risk experience.
• Ability to perform risk assessments and draft risk reports.

Responsibilities

• Apply Risk Management processes within your area.
• Monitor the effectiveness of risk tools.
• Assist with analysis of reports for Risk Committees.

Skills

Risk assessments

Analytical thinking

Relationship building

Education

Degree in Risk Management or similar

Job description

Description

Apply Risk Management processes within the area of responsibility.

• Provide guidance and assist with requirements on changed or new risk tools.
• Oversee the effective use of risk tools and monitor their effectiveness for the business.
• Assist with preparation and analysis of reports for tabling at various Risk Committees.
• Scrutinize risk reports submitted by the branch/business unit to ensure alignment with reporting standards and tools.
• Ensure data integrity, proper data structures, and accurate business line mappings.
• Monitor workflow issues in the loss data system.
• Document processes to enhance general ledger reconciliations and monitor data extractions for reporting.
• Manage documented requirements and project deliverables.
• Highlight risk areas through root cause analysis.
• Monitor action plans on various risk tools and escalate issues as needed.
• Deliver against operational and cost targets, prioritizing resource allocation to minimize wastage.
• Monitor costs according to the operational plan, review cost reports, and explain variances.
• Identify, control, and escalate potential risks that may increase costs.
• Manage costs within the approved budget for efficiency.
• Build relationships to manage expectations, share knowledge, and create buy-in.
• Engage in cross-functional relationships for support and collaboration.
• Deliver customer experience excellence aligned with organizational values and standards.
• Build long-term, trust-based relationships with customers.
• Gather and analyze customer feedback to understand needs and deliver quality service.
• Exceed customer expectations through proactive and innovative solutions.
• Provide relevant product and service information to customers.
• Find the best-fit solutions, including flexible delivery and customized options.
• Drive and embed risk capabilities within the business.
• Ensure risk tools are applied effectively to identify, evaluate, report, and monitor risks.
• Implement a combined assurance approach involving specialists and assurance partners.
• Conduct comprehensive risk assessments for products, services, and solutions.
• Work with the business to understand drivers, concerns, and plans to proactively manage risks.
• Identify and manage interconnected and interdependent risks, providing relevant information to stakeholders.
• Communicate changes in risk policies to relevant parties.
• Stay informed of external risk developments and incorporate them into the risk profile.
• Develop solutions to identify losses and exposures, ensuring effective implementation.
• Review and test business continuity plans aligned with strategy.
• Assist in identifying risks in key processes, new products, projects, and third-party arrangements.
• Ensure controls are designed and implemented to manage identified risks.
• Promote a risk management culture through awareness campaigns and stakeholder education.
• Analyze risk reports and business data to identify trends and produce reliable risk status reports.
• Prepare risk profile reports for senior management and risk committees.
• Establish governance structures and timelines for risk reporting.
• Escalate significant risk issues to management and risk governance bodies.
• Review risk management documentation and reports to ensure alignment with strategy.
• Report on progress towards risk strategy objectives at relevant forums.
• Engage stakeholders and review project information for accuracy.
• Escalate project statuses as needed to meet timelines.
• Set strategies and create an environment for risk reduction, monitoring KRIs and control effectiveness.
• Develop and maintain control monitoring plans and ensure compliance.
• Track and act on monitoring feedback to improve the control environment.
• Foster collaborative relationships across the organization.
• Manage team performance to meet objectives.
• Participate in development activities for self and employees.

Qualification

• Minimum of a degree in Risk Management or similar.

Experience

• 4 to 5 years of Regulatory Risk experience.
• Ability to perform risk assessments and draft risk reports.
• Ability to articulate risks and their impacts.

Job Details

Note that applications will not be accepted after the closing date below. Please submit applications ahead of time.

08 / 07 / 25

All appointments will align with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. Candidates may voluntarily disclose disability information, which will be kept confidential unless required by law.