Risk Manager: Enterprise-wide Risk | Gauteng

The Recruitment Council; Gauteng; On-site; USD 40,000 - 70,000; Full time

Job summary

A leading company in the financial services sector seeks a Risk Manager to oversee the development and implementation of the Enterprise-Wide Risk Management Framework. The ideal candidate will possess strong analytical skills, significant experience in risk management, and a relevant BCom (Hons) degree. This role involves collaborating with stakeholders to meet business objectives while ensuring compliance with regulations.

Qualifications

• 5-8 years’ experience in Risk Management within Financial Services/Banking.
• Member of relevant professional institutes.

Responsibilities

• Develop and monitor risk management framework for compliance.
• Track and improve performance of the Risk Management team.
• Build and maintain stakeholder relationships.

Skills

Business Acumen

Data analysis

Communication

Technical/Professional Knowledge and Skills

Education

BCom (Hons) in Financial Management, Accounting, Auditing, Information Systems or Risk Management

Advanced Diplomas/National 1st Degrees

Member of Institute of Risk Management of South Africa

Job description

Job Purpose:

To develop and monitor the implementation of the Enterprise-Wide Risk Management Framework in the company’s insurance and it’s subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.

Job Responsibilities:

• Contribute to a culture of transformation by participating in the company’s culture building initiatives, business strategy, and CSI.
• Foster transformation of the workplace and support the company’s insurance in the achievement of the BEE initiatives and transformation targets, improve work processes, productivity and reduce costs.
• Achieve continuous improvement goals and create an environment where managers and team are encouraged to challenge the status quo by initiating constructive debates about work practices and areas of improvement.
• Develop risk plans that enable the implementation of the business strategy.
• Ensure compliance with regulations and prevent losses.
• Ensure alignment of area business processes and systems are functioning by identifying and documenting risks to the Group Risk Frameworks.
• Keep business updated on a regular basis and analyze information generated from the risk exercises.
• Track the performance of the Risk Management team.
• Ensure the business fully complies with risk standards.
• Mitigate risks by providing the business with relevant information, guidance and advice.
• Evaluate and analyze area audit findings and management improvement comments.
• Meet financial objectives and ensure improvements on identified risks.
• Build and maintain stakeholder relationships through engagement to obtain an understanding of their risk practices to contract, manage and meet expectations.
• Develop and maintain partnerships with stakeholders to facilitate accomplishments of risk and business objectives.
• Manage own career progression through input and feedback from management to improve personal capability and to stay abreast of developments in field of expertise.
• Identify opportunities to influence the improvement or enhancement of business processes or enhancement of business processes and methodologies by researching and recommending improvement initiatives and effective ways to operate and add value to the company.

Qualifications:

• Advanced Diplomas/National 1st Degrees
• BCom (Hons) (Financial Management, Accounting, Auditing, Information Systems or Risk Management)
• Member of Institute of Risk Management of South Africa and/or Compliance Institute of South Africa
• Institute of Risk Managers
• Member of Institute of Risk Management of South Africa and/or Compliance Institute of South Africa

Experience:

• Must have 5 – 8 years’ experience in Risk Management within Financial Services / Banking and Insurance (Preference) environment.

Technical / Professional Knowledge:

• Business Acumen
• Business writing
• Cluster specific operations
• Communication Strategies
• Data analysis
• Financial markets
• Governance, Risk and Controls
• Industry trends
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Research methodology
• Decision-making process
• Funding, Liquidity and capital management frameworks, Policies and methodologies

Behavioural Competencies:

• Communication
• Continuous Learning
• Decision Making
• Facilitating Change
• Influencing
• Technical/Professional Knowledge and Skills