Risk Management jobs in South Africa

Insurance and Asset Management is best positioned to provide comprehensive investment and asset management offerings, as well as insurance solutions, to our African clients.

Our goal is to meet our clients' financial needs by offering holistic advice and competitive solutions during significant transition points in their lives.

With our expertise in the Standard Bank Group, we are uniquely equipped to serve the financial needs of African clientele seeking trusted guidance on investment, insurance, and asset management solutions.

In fact, we go far beyond what you'd expect from financial services – all to make sure our clients have seamless access to a comprehensive range of services, through a pioneering digital ecosystem.

To design and oversee an integrated governance, risk, and control framework for SARLSA, supplementing the broader Risk Management Framework.

As first line support to management, this role empowers risk ownership by establishing effective controls and escalation paths.

To lead and enable risk identification and monitoring, acting as custodian of the Governance Risk Framework and driving a culture of quality, accountability, and transparent risk ownership.

• Degree, Postgraduate in Business Commerce, Legal, Risk Management
• Minimum of 13 years of progressive experience in risk management, governance, or compliance within the financial services industry.
• Proven experience in developing, implementing, and overseeing integrated governance, risk, and control frameworks, preferably within a complex and regulated organisation.
• Demonstrated experience in a first line of defense role, supporting management in understanding and fulfilling their risk ownership responsibilities.
• Strong understanding of risk management principles, methodologies, and frameworks (e.g., COSO, Basel).
• Experience in facilitating risk identification, assessment, and documentation processes.
• Experience in developing and implementing clear escalation paths for risk-related issues.
• Experience chairing risk and control committees, facilitating discussions, and driving risk-based decision making.

• Possesses expert knowledge of industry-standard risk management frameworks (e.g., COSO, Basel) and their application within a financial services context.
• Demonstrates proven expertise in designing, implementing, and evaluating effective control processes to mitigate identified risks.
• Exhibits comprehensive knowledge of relevant laws, regulations, and supervisory guidance applicable to the financial services industry, particularly in insurance and asset management.
• Demonstrates strong strategic thinking abilities to assess complex situations, identify interconnected risks, and develop effective risk mitigation strategies.
• Possesses exceptional communication and presentation skills, with the ability to effectively convey complex risk information to diverse audiences, including senior management and committees.
• Exhibits strong leadership and influencing skills, with the ability to build consensus, drive change, and embed a culture of risk awareness across the organisation.
• Demonstrates exceptional interpersonal skills and the ability to build strong working relationships with stakeholders at all levels of the organisation.
• Possesses strong problem-solving and decision-making skills, with the ability to analyse data, identify root causes, and develop effective solutions.
• Demonstrates strong project management skills, with the ability to plan, organise, and execute complex projects on time and within budget.
• Possesses a strong commitment to ethical conduct and integrity, with the ability to promote a culture of compliance and transparency.

• Design, implement, and maintain the SARLSA Integrated Governance and Control Framework, aligned with the broader Standard Bank Risk Management Framework, to provide a structured and consistent approach to managing risks across the business line.
• Act as a first line of support to SARLSA management in understanding and fulfilling their risk ownership responsibilities, to empower them to effectively manage the risks within their areas of responsibility.
• Facilitate the identification, assessment, and documentation of key business risks across all SARLSA business areas and corporate functions, to ensure a comprehensive understanding of the business line's risk profile.
• Establish and maintain effective control processes to mitigate identified risks, ensuring alignment with SARLSA's risk appetite, to minimise the likelihood and impact of adverse events.
• Develop and implement clear escalation paths for risk-related issues, ensuring timely and appropriate action, to facilitate prompt responses to emerging risks and prevent escalation.
• Act as the custodian of the SARLSA Governance Risk Framework, ensuring its consistent application and ongoing effectiveness, to maintain a robust and reliable risk management system.
• Lead the development and execution of the combined assurance plan for SARLSA, coordinating assurance activities across different lines of defense, to provide comprehensive and independent assurance on the effectiveness of risk management.
• Chair key risk and control committees within SARLSA, facilitating discussions and driving decision-making related to risk management, to promote informed and effective risk‑based decision‑making.
• Take a SARLSA‑wide and risk‑type‑wide view of the IAM business, identifying interconnected risks and potential systemic issues, to enable a holistic understanding of the business line's risk landscape.
• Orchestrate the implementation of the Risk Management Framework across SARLSA, ensuring a coordinated and consistent approach, to maximise the effectiveness of risk‑management efforts and avoid duplication.
• Partner with business heads and corporate function leaders to embed risk‑management practices into their day‑to‑day operations, to integrate risk‑management into the core activities of the business.
• Monitor the implementation of the Risk Management Framework within SARLSA, providing regular updates to management on progress and challenges, to ensure continuous improvement in risk‑management practices.
• Drive a culture of compliance within SARLSA, ensuring adherence to all applicable laws, regulations, and internal policies, to protect the organisation's reputation and avoid regulatory sanctions.
• Develop and deliver training programmes to enhance risk awareness and capabilities across SARLSA, to empower employees to effectively manage risks within their roles.

• Provide guidance and support to SARLSA business areas in the development of risk mitigation plans, to ensure that risks are effectively addressed with appropriate controls.
• Monitor the effectiveness of risk mitigation plans and controls, identifying and addressing any gaps or weaknesses, to ensure that controls are operating as intended and providing adequate protection.
• Develop and maintain key risk indicators (KRIs) to track the performance of key controls and provide early warning of potential issues, to enable proactive monitoring of risk exposures.
• Analyse KRI data to identify trends and patterns, providing insights to management on emerging risks, to facilitate timely responses to changing risk dynamics.
• Prepare and present regular risk reports to SARLSA management and relevant committees, highlighting key risks, control effectiveness, and emerging trends, to keep stakeholders informed and enable informed decision‑making.
• Act as a liaison between SARLSA and second‑line risk management functions, ensuring effective communication and collaboration, to promote a coordinated and integrated approach to risk management.
• Support the development and implementation of risk‑management policies and procedures specific to SARLSA, to provide a clear framework for managing risks within the business line.
• Maintain a comprehensive understanding of the regulatory landscape applicable to SARLSA, ensuring compliance with all requirements, to protect the business line from regulatory sanctions and reputational damage.
• Drive continuous improvement in risk‑management practices within SARLSA, identifying and implementing opportunities to enhance effectiveness and efficiency, to ensure that risk‑management practices remain relevant and effective over time.
• Actively participate in internal and external audits, providing support and ensuring timely resolution of any findings, to demonstrate the effectiveness of risk‑management and identify areas for improvement.
• Promote a culture of open communication and transparency regarding risk‑related matters, encouraging employees to raise concerns without fear of reprisal, to foster a proactive and risk‑aware environment where issues are identified and addressed promptly.
• Develop and maintain a comprehensive SARLSA risk register to proactively identify, assess, and mitigate risks to the safety and well‑being of adults at risk, ensuring legal compliance and fostering a culture of safeguarding within the business line.

• Risk / Reward Thinking
• Evaluating of Internal Controls
• Making Decisions
• Interacting with People
• Challenging Ideas
• Empowering Individuals
• Articulating Information
• Resolving Conflict
• Adopting Practical Approaches
• Upholding Standards
• Exploring Possibilities

Insurance and Asset Management (IAM) is an equal opportunity employer and are committed to creating an inclusive environment for all employees.

As part of our commitment to Diversity, Equity and Inclusion, we encourage applications from people with disabilities.

Liberty Group Limited - an Authorised Financial Services Provider in terms of the FAIS Act (Licence no )