Risk Officer

Hollywoodbets; Umhlanga Rocks; On-site; ZAR 500,000 - 700,000; Full time

Job summary

Hollywoodbets is seeking six Risk Officers to join the Audit-Risk Department. Ideal candidates will have experience in risk management and will support the Risk Manager by identifying, assessing, and mitigating risks across business units. Join a dynamic team and help drive the successful implementation of risk management strategies in a fast-paced industry.

Qualifications

• 3-5 years’ experience in risk management, internal or external audit.
• Proficient in risk management methodologies.
• Valid driver’s license required.

Responsibilities

• Conduct risk assessments and monitor risk activities.
• Develop and implement risk mitigation strategies.
• Ensure compliance with gambling regulations.

Skills

Risk Assessment

Compliance

Risk Mitigation

Communication

Education

Degree in Risk Management or equivalent

Tools

LexisNexis

MS Office

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 six Risk Officers. Do you think you have what it takes to be our newest Purple Star?

The successful candidate will join the Audit-Risk Department to support the Risk Manager in executing the company’s risk management strategy, ensuring that potential risks are effectively identified, assessed, and mitigated. The Risk Officer will be responsible for all risks within their designated business units, monitoring daily risk activities, ensuring compliance, and contributing to the overall success of the company’s risk management programme.

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’ experience in risk management (Risk Champion, Risk Co-ordinator, Risk Specialist), internal audit or external audit.
• Computer literate.
• Valid driver’s license.

A Bonus To Have:

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

What You’ll Do for The Brand:

Financial Metrics/Operational Duties

Risk Identification and Analysis:

• Conduct comprehensive risk assessments across designated business units (business functions such as operations, marketing, IT, customer services, and other relevant areas of business), identifying both internal and external potential risks.
• Conduct risk assessments and evaluate the effectiveness of existing risk controls in the designated business units.
• Assist in the identification of both operational and strategic risks that could impact the Business Unit.
• Evaluate risk data and recommend improvements or mitigation strategies based on risk analysis
• Utilise qualitative and quantitative methods to assess the likelihood and impact of identified risks.
• Stay updated on emerging risks and industry trends to proactively identify potential threats to the organisation.

Risk Ownership and Monitoring:

• Monitor daily risk activities within the designated business units and ensure that any emerging risks are reported and addressed promptly.
• Regularly update the Risk register for the assigned business units and report on risks to the Risk Manager.
• Regularly review the information held on the risk management system (LexisNexis) to identify issues with quality of the information – working with the business to improve quality and maintain accuracy.
• Perform other duties as reasonably required to support the effective management of enterprise risks and contribute to the overall success and maturity of the risk management function.

Risk Mitigation and Control Implementation:

• Collaborate with the Risk Manager to develop and implement and embed effective risk mitigation strategies into operational processes.
• Ensure that business units follow established risk mitigation and control measures and monitor the implementation of these controls.
• Ensure that identified risks are mitigated through appropriate actions, and that the business units maintain compliance with risk management policies.
• Conduct the risk and control self-assessments (RCSA) within the business unit. Track remediation plans and agreed control improvements.
• Monitor the effectiveness of remediation plans and agreed control improvements and make adjustments as needed.
• Investigate incidents and accidents to determine root causes and develop corrective actions to prevent re-occurrence (apply root-cause analysis and other problem-solving techniques).
• Coordinate and schedule meetings, administration and support the Enterprise Risk Management Team with the development of training materials to promote risk awareness.

Governance and Compliance:

• Ensure the designated Business Units comply with gambling industry regulations, including responsible gambling practices, data protection laws, and other relevant industry guidelines and standards.
• Support the designated Business Units in ensuring compliance with all the applicable laws, regulations, legal standards and guidelines.
• Advise business leadership on potential regulatory risks and compliance implications.

Reporting and Communication:

• Collaborate with designated Business Units’ stakeholders to gather and compile risk-related information (including, detailing risk activities, emerging risks and compliance status) and reports and assist in the dissemination of information as required.
• Prepare clear and concise risk reports for senior management and relevant stakeholders, highlighting key risks and mitigation plans.
• Regularly report on the risk status within the designated Business Units to the Risk Manager, highlighting key risks, mitigation efforts, and their effectiveness.
• Effectively communicate risk information to diverse audiences, tailoring the message to their level of understanding.
• Promote a positive Risk Management culture/awareness within the Business Unit.

People Management:

• 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 the 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 behavior 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
• Presentation
• Facilitation
• Energy
• Accountability
• Customer Orientation
• Coaching
• Training

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 your application to be unsuccessful.