(1595) Associate Operational Risk Analyst at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Participate in supervisory activities related to operational risk in regulated entities, including reviewing their risk appetite and management of operational risk.
• Ensure regulated entities comply with operational risk regulations.
• Support other risk divisions, including the IT Risk, Credit Risk and Market Risk teams in supervisory tasks related to operational risk.
• Develop methods to analyse and interpret risk-based regulatory data submissions.
• Monitor regulatory entities’ exposure to operational risk as reported to the PA under the various operational risk frameworks.
• Contribute to internal capital adequacy assessments of regulated entities in relation to operational risk.
• Provide input and participate in recovery and resolution assessments of regulated entities regarding operational risk.
• Participate in Own Risk Self Assessments (ORSA) for regulated entities regarding operational risk.
• Provide specialist support in operational risk matters.
• Participate in risk-based meetings with regulated entities and their auditors.
• Update the PA on the overall operational risk behaviour of regulated entities.
• Stay abreast of international best practices and emerging trends in operational risk.
• Support the Divisional Head and Manager: Operational Risk with all operational risk matters.

Qualifications

To be considered for this position, candidates must have:

• a postgraduate degree in either Banking, Commerce, Risk Management, Accounting, or Auditing;
• two to five years’ operational risk working experience in the banking sector; and 
• a postgraduate qualification in Financial Risk Management (FRM) or Professional Risk Management (PRM) will be an advantage.