(858) Operational Risk Analyst X2-NPSD at South African Reserve Bank

Detailed description

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

• Proactively discover, measure and respond to new or emerging risks that may be caused by changes to the payment ecosystem.
• Develop and implement policies, procedures, frameworks and standards specific to Domestic and Regional Settlement Services’ (DRSS) risk and compliance management.
• Design, monitor and maintain the DRSS control systems to deal with violations of legal rules, regulatory requirements and internal DRSS policies.
• Collaborate and coordinate with the National Payment System Department’s Risk and Compliance Unit, the Risk Management and Compliance Department and industry structures (e.g. the Operational Risk Subcommittee and Cyber Resilience Subcommittee) to manage risks within DRSS and to enable reporting to the governance structures of the South African Reserve Bank (SARB).
• Conduct assessments (e.g. operational risk assessments and cybersecurity), collect and analyse documentation, statistics and reports, and research/market trends impacting the settlement environment.
• Coordinate the DRSS strategic risks input into the department’s strategic risk register.
• Create and maintain business continuity plans (including simulation exercises) to limit risks affecting the DRSS.
• Facilitate the DRSS’s remediation or closure of findings emanating from internal audits, external audits and/or any other internal/external assessment reviews, and periodically monitor and report on the status thereof.
• Log risk incidents relating to the DRSS as per the SARB’s Incident Management Framework and monitor and report on risk action plans relating to these risk incidents.
• Build risk awareness amongst the DRSS personnel by providing support and training.
• Provide support to the scheme management function in managing risk and compliance.
• Build and maintain sound professional relationships with stakeholders through effective collaboration and teamwork.

To be considered for this position, candidates must be in possession of:

• a minimum of a Bachelor’s degree in Accounting, Internal Audit or Risk Management; and
• five to eight years’ experience in a risk management, internal controls and compliance environment with at least three years’ experience in the financial sector industry. 

The following would be an added advantage:

• experience in cybersecurity and business continuity management; and
• relevant certifications (i.e. Risk Management, Certified Internal Auditor and/or Certified Information Systems Auditor).