Business Assurance Specialist (Johannesburg) at RMB - Rand Merchant Bank

Job Description

• To utilise specialist knowledge and experience of the business environment to establish and maintain. an effective control framework by identifying, assessing and minimising risks across the organisation. 
• To evaluate business processes, implement internal controls and ensure compliance with regulatory standards in focusing on risk mitigation.To work and collaborate with stakeholders across various departments and lines of defence to optimise operations and drive sustained business performance.
• Understand the entire breadth of the control framework within the department.
• Assess the existing control framework to identify, evaluate and mitigate operational, financial and compliance risks.
• Collaborate with 1LOD colleagues to ensure that the Bank’s risk management framework is understood and adhered to, providing support where needed.
• Conduct detailed root cause analysis on Risk events and accurately identify control breakdowns and resultant risk, and to understand the extent of the impact.
• Facilitate risk assessments and scenario analyses to evaluate the impact of identified risks on business operations and provide input and recommendations into the development of mitigation plans.
• Analyse data and performance metrics to identify emerging risks, trends and anomalies that may impact business objectives.
• Actively identify opportunities for the improvement and automation of manual tasks, strengthening the control fabric and enhancing the overall control environment.
• Recommend and implement both new and enhanced control methods to improve the risk environment, making use of local and global leading practices.
• Ensure that risk mitigation controls and actions are embedded, and assess the adequacy of the controls by quantifying a reduction of risk.
• Monitor and track the implementation of corrective actions to address findings, control deficiencies and gaps.
• Act in alignment with operational risk management frameworks to reactively and proactively manage risk.
• Prepare comprehensive reports (regulatory, governance, and other) detailing findings, recommendations, and action plans to address control deficiencies and mitigate risk.
• Ensure that all business review, internal audit, Operation risk, Finance, COO, Management assurance activities are closed, and serve as a key point of contact, ensuring the timely resolution of audit findings.
• Participate in and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared.
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity.
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement.