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  • Posted: Nov 22, 2017
    Deadline: Nov 30, 2017
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    The Development Bank of Southern Africa ("DBSA”) is a development finance institution wholly owned by the South African Government. Its purpose is to accelerate sustainable socio-economic development to improve the quality of life of the people in South Africa, SADC and Rest of Africa by providing financial and non-financial investments in the social a...
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    Head: Group Risk

    Job description

    Job Summary

    The objective of Risk Management Function is to ensure that appropriate governance structures are in place and to provide an integrated and comprehensive assessment of all the risks that the DBSA may be exposed to. It is also to facilitate the efficient and effective management of all the key elements of risk management across the organisation. The incumbent will be a voting member of both ALCO and the Investment Committees of the bank.

    Key Responsibilities

    In collaboration with the Group Executive Risk, set the strategic direction for the DBSA in terms of Risk Management:

    • Lead the implementation and communication of the organisation’s Risk Management objectives and direction.
    • Develop and implement Risk Management methodologies, tools, policies and procedures organisation-wide.
    • Facilitates the development of risk management strategies for the organisation’s critical operational risks and find appropriate solutions to mitigate and manage identified risks.
    • Work with business divisions to establish, maintain and continuously improve risk management capabilities.
    • Ensures effective alignment between Risk Management process and internal audit, credit and investment risk.
    • Facilitate and direct regulatory and compliance risk for the DBSA by creating an integrated structure for compliance risk management.
    • Design and oversee the implementation of processes and systems for Business Continuity Management (BCM) with regards to disaster recovery, business recovery, crisis management, incident management, emergency management.
    • Ensure appropriate governance of records management strategies across the organization.
    • Monitor & report on levels of risks against the approved appetite across the organization.
    • Provide direction and management to direct reports to ensure they execute the cluster strategy and manage their portfolios effectively
    • Develop the Risk Management Cluster’s strategy and execution plan in line with the Divisions and organisational vision, strategy, and goals.
    • Determine cluster objectives and targets for inclusion in the division’s balanced scorecard
    • Take overall responsibility for the implementation of the Human Capital Strategy in the Cluster.
    • Ensure that there are sufficient execution capabilities within the Cluster.
    • Contribute to building synergies and cooperation across Divisions in the Bank.
    • Entrench the practice of effective Performance Management in the Cluster.

    Key Measures/KPIs

    • Ability to lead the Risk Management Cluster effectively
    • Ability to embed Risk Management organisation wide
    • Key Operational Risks identified and mitigation plans put in place
    • Effective Risk reporting to Exco & Board Subcommittees
    • Effective organisation wide Business Continuity Plan in place
    • Efficient Record Management Systems Processes
    • Effective contribution to both Credit Committee and ALCO discussions & processes.

    Expertise & Technical Competencies

    • A post graduate risk qualification or equivalent; preferably in Risk Management
    • A well developed knowledge of development finance, risk management philosophies, practices, etc.
    • Familiar with the relevant legislative framework; i.e. Basel II, GAMAP, GAAP, IFRIS, etc.

    Project/Programme management

    • A minimum of 5 years experience of the above job function at Snr Management Level as well as the ability to manage a team of Managers and high level professionals.
    • Experience in a banking and/or financial sectors.

    Skills & Ability

    • Ability to understand and interpret corporate vision and strategy.
    • Ability to Manage Risk organisation wide.
    • Strong management skills at a Senior Management level.
    • Ability to translate overall company strategy to an effective Risk Management Strategy.
    • Expert knowledge of risk management principles, philosophy and methodologies to lead the most complex assignments undertaken in the DBSA.
    • Good understanding of all finance and other risk related matters affecting the Bank.
    • Able to develop innovative solutions, identify new areas of opportunity, and identify, analyze and address the appropriate risks to move the business forward.
    • Able to influence key stakeholders across the bank.
    • Strong business acumen and strategic advisory experience
    • Ability to ensure all governance and compliance requirements are met with the aim to eliminate potential inappropriate and corrupt practices.
    • Strong verbal and written communication skills as well as effective presentation skills and with the ability to express complex concepts in business terms.

    Required

    Required Personal Attributes Leading and Empowering others:

    • Supports the team publicly by demonstrating confidence in the team to others; recognises and rewards superior individual effort, and does not take personal credit for the team’s success.
    • Celebrates team efforts and accomplishments with the team, and publicly credits others for superior performance.
    • Admits when things go wrong and learns from past experiences and mistakes.
    • Provides feedback to team members on demonstrated skills and behaviours, allowing team members to learn from mistakes.
    • Delegates challenging work that will motivate team members.

    Leading and Managing Change:

    Provides structure and frameworks to enable teams to think through change issues and needs, and to make effective decisions.
    Gives teams responsibility to analyse, impact, and execute change, and to sustain it independently.

    Organizational Awareness

    • Recognises unspoken organisational limitations, what is and is not possible at certain times or in certain positions.
    • Recognises and/or uses the corporate culture (language, etc.) that will produce the best response.
    • Recognises and/or uses ongoing power and political relationships within the organisation (alliances, rivalries) with a clear sense of organisational impact

    Impact and Influence

    • Adapts a presentation or discussion to appeal to the interest and level of others.
    • Anticipates and prepares for others’ reactions.

    Developing Others

    • Gives directions or demonstrations with reasons or rationale as a training strategy.
    • Gives practical support or assistance to make job easier for the other individual.
    • Asks questions, gives tests, or uses other methods to verify that others have understood explanation or directions.
    • Driving Delivery of Results
    • Sets challenging goals that will have a significant impact on the business or support the organisational strategy.
    • Commits significant resources and/or time to ensure that challenging goals are achieved, while also taking action to mitigate risk.

    Decisiveness

    • Considers the impact of own decisions on the business as a whole.
    • Knows when they have enough information to make a decision - and makes it.
    • Considers the consequences of a decision and assesses the options before reaching a conclusion

    Strategic and Innovative Thinking

    • Experiments with new approaches, tests scenarios, questions assumptions and challenges conventional thinking.
    • Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities

    Method of Application

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