Risk Manager

Hollywoodbets; KwaZulu-Natal; On-site; ZAR 400,000 - 800,000; Full time

Job summary

Join a leading company in the gambling sector as a Risk Manager. This role involves assessing, managing, and mitigating risks to ensure compliance and protect the company’s reputation. Ideal candidates will possess a degree in Risk Management, extensive experience, and a proactive attitude toward risk management.

Benefits

Growth and Development Opportunities

Vibrant Work Environment

Qualifications

• 3-5 years in a similar senior role in Risk Management.
• 8-10 years’ experience in risk management.
• Proficiency in established risk management methodologies.

Responsibilities

• Identify and evaluate risks relevant to the gambling business.
• Ensure compliance with regulatory requirements.
• Prepare and present risk reports to senior management.

Skills

Risk Management

Analytical Skills

Communication

Problem Solving

Education

Degree in Risk Management

Risk Management Certification from IRMSA

Tools

ERM Software

MS Office Suite

Job description

Being a part of the Hollywoodbets Purple Team is an opportunity to become a part of one of South Africa’s biggest success stories. From humble beginnings in Durban, Hollywoodbets has grown into a powerhouse brand operating across Africa and the United Kingdom. And that’s just the beginning. Our talented Team is on a mission to increase our global footprint, ready to take on any challenge because at Hollywoodbets, not even the sky is the limit. Join our Team and let’s reach for the stars.

We have an amazing opportunity for two Risk Managers. Do you think you have what it takes to be our newest Purple Star?

The successful candidate will join the Auditing Department and will be responsible for overseeing and managing the identification, assessment, and mitigation of risks specific to the gambling business. The Risk Manager will be responsible in ensuring compliance with regulatory requirements, maintaining operational risk controls, and protecting the company’s reputation and financial health by managing risks effectively.

With Hollywoodbets You Will:

Innovate and create as part of a like-minded, authentic Team eager to achieve goals.

Embrace challenges and the thrill of working in a vibrant and fast-paced industry.

Grow with our development plans and culture that allows you to further your career.

You Bring:

• Completed degree in Risk Management or equivalent.
• 3-5 years in a similar senior role involving Risk Management, internal or external audit experience.
• 8-10 years’ experience in risk management (Risk Champion, Risk Co-ordinator, Risk Specialist etc).
• Risk Management Certification [Registered with The Institute of Risk Management South Africa (IRMSA)].
• Computer literate.
• Valid driver’s licence.

A Bonus to Have:

• Honours’ Degree in Risk Management/Accounting.
• Proficiency in established risk management methodologies and frameworks (e.g., COSO Enterprise Risk Management Framework, ISO 31000 Standard, King IV, etc).
• Experience working with an ERM Software (e.g. LexisNexis).
• Proficiency in MS office tools – Excel, Power point, Word.
• In-depth knowledge of sports betting markets, including odds calculation, betting types and market trends.
• Previous experience in the online gaming industry, with a strong understanding of player behaviour and industry regulations.
• Familiarity with gambling regulations and compliance requirements in various jurisdictions, ensuring adherence to legal standards.

What You’ll Do for The Brand:

Financial Metrics/Operational Duties

Risk Identification and Assessments:

• Proactively identify, evaluate, and assess risks across the gambling business, including operational, financial, regulatory, and reputational risks.
• Conduct regular risk assessments, using qualitative and quantitative methods to ensure the company’s risk appetite is within acceptable thresholds.
• Analyse risk data and develop reports to identify emerging risks and their potential impact on business objectives.
• Assist the Risk Officer with ensuring that risk management processes are appropriately enforced in line with the organisational policies and procedures.

Risk Mitigation:

• Develop and implement risk mitigation strategies and controls to minimise potential losses or damage.
• Collaborate with key stakeholders, including senior management, to ensure that effective risk management practices are integrated into all business processes.
• Ensure that business units comply with risk management policies, procedures, and controls.
• Oversee major incident and events and ensure that appropriate escalation takes place and mitigation activities are implemented.
• Undertake periodic risk assessments working with the various Business Unit Risk Officers and ensure that the risk registers are kept up to date.
• Develop and maintain monitoring plan to ensure coverage of key internal controls.
• Track feedback on results of monitoring activities to enhance relevant risk control environment.

Governance and Compliance:

• Monitor the gambling industry’s regulatory landscape and ensure the company adheres to all relevant laws, including those related to responsible gambling, data protection, and financial regulations.
• Maintain up-to-date knowledge of industry trends, changes in regulations, and risk management best practices in the gambling sector.
• Review and maintain risk management documentation such as the risk appetite statement, risk taxonomy, risk policies, etc.
• Facilitate reviews of the risk appetite statement to ensure it remains appropriate and recommend changes to the Board, where this may be required.

Reporting and Communication:

• Prepare and present regular risk reports to senior management, including the Chief Risk Officer (CRO) and the Risk Management Committee.
• Ensure timely communication of identified risks, mitigation measures, and outcomes to relevant stakeholders.
• Provide advice and guidance to senior leadership on risk-related matters and influence strategic decision-making.
• Monitor the appropriate key risk indicators together with associated tolerances, limits and related reporting.
• Liaise with and exchange information with the other assurance providers (e.g. Internal Audit and Regional Risk teams) as part of the three lines of defence model.

Training and Awareness:

• Train and mentor junior risk team members and business units on risk management best practices and regulatory compliance requirements.
• Promote a culture of risk awareness across the organisation.
• Lead initiatives to foster an ethical and transparent workplace culture.

Continuous Improvement:

• Lead continuous improvement initiatives within the risk management framework and processes.
• Identify opportunities for enhancing the company’s risk management tools, systems, and methodologies.
• Critical review of existing and/or development of new risk reports to ensure that they are suitable and useful to aid in decision making.

Business Continuity and Crisis Management:

• Play an integral role in crisis management efforts, ensuring that risk management practices are in place to respond to sudden and unforeseen events effectively.

Behavioural Skills and Competencies:

• A strong team player, who is comfortable working collaboratively, virtually and independently.
• Excellent written and verbal communication (English), interpersonal and organisational skills.
• Ability to manage and execute multiple complex projects within required timeframes, ability to manage evolving priorities effectively whilst delivering quality output.
• Positive, solution driven attitude; ability to consider options, consult, decide upon and then act.
• Ability to synthesise complex information into simple, high impact messages and influence stakeholders.
• Curiosity and willingness to try new things and grow the skillset.
• Ability to work in a fast-paced, changing environment and respond to emerging priorities.

People Management:

• Manage Team’s performance in achievement of business objectives.
• Work effectively and efficiently with teams that are committed to organisational goals and initiatives.
• Identification of training as and when needed for team members.
• Adequate recognition of team member efforts and motivation of team members.
• Sustainable morale and team building.
• Monitoring of team member productivity, punctuality, breaks and smoke breaks etc.
• Promotion of a healthy, productive and fair work environment.
• Adhere to the principles of an ethical, honest, transparent, fair work environment.
• Communicate in a professional manner.
• Conduct performance review and promote a culture of compliance and integrity within the team

Compliance, Risk, and Quality

• Creating, maintaining, and enforcing company policies and procedures.
• Compliance with health and safety regulations (where applicable).
• Compliance with relevant laws, regulations, and affiliated professional standards.
• Regular risk assessments and maintenance of the risk register.
• Intense focus on quality with regards to communication, capturing, documentation etc.
• Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can withstand scrutiny when enquiries/investigations/audits take place.
• Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked
• work/templates/workbooks/financial models/recons/audits - of which is substantiated by facts with no numbers in the formulas.
• Ensure the above (final version) and other documents are chronologically saved/backed up.
• Effectively deal with internal, external, SARS, BEE, and any other auditor/regulatory/oversight body in the normal course of business.
• Report suspicious behaviour and fraud findings immediately.
• Promote declaration of all gifts.
• Promote non acceptance of kickbacks. Instances to be reported immediately.
• Promote declaration all conflicts of interest upfront.
• Promote a culture of confidentiality within the business with regards to the protection of personal information.
• Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence).
• Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment.
• Stay updated with changes in the relevant industry and changes to relevant Acts/Regulations.

Growth and New Markets/Products

• Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics.
• Development of existing products/software.
• Ensure that measures are put in place and steps are taken to achieve short term, medium-term, long-term goals of the broader group.
• Assist with company projects or lead company projects as allocated from time to time.
• Drive continuous improvement initiatives based on industry best practices and regulatory updates.

What You’ll Bring to The Team:

• Communication: Use correct voice tone and apply content according to topic appropriateness. Uses voice to create and hold interest. Speaks with positive tone of voice.
• Presentation: Demonstrates sound presentations skills to capture attention and maintain interest through an interactive approach.
• Facilitation: Demonstrates the ability to facilitate workshops in a professional manner.
• Energy: Demonstrate high energy, enthusiasm and motivation in execution of work.
• Accountability: Follows through and delivers results in spite of obstacles. Admits to errors and takes corrective action to avoid repetition. Approaches own work with dedication and high sense of responsibility.
• Customer Orientation: Demonstrates an exceptional level of customer service and quality standard.
• Coaching: Coaching is the knowledge and skill used to direct, instruct and/or train an employee with an aim to fulfill a goal in order to develop specific skills in an enthusiastic and motivated way.
• Training: Proficient in training methodologies, curriculum development and soft skills.
  
  

So, are you ready to level up, learn, and perform at your best? Apply now!

Please note that only applicants who meet the stipulated minimum requirements will be considered.

If you have not been contacted within 30 days, kindly consider you application to be unsuccessful.