Chief Risk Officer at Mindworx Consulting

• Develop risk management strategies for the bank, ensuring alignment with the overall strategy
• Assist the Board in formulating the bank’s risk appetite and monitor risk positions against the stated risk appetite, including operating and financial models
• Develop, manage and refine qualitative and quantitative risk reporting which meets the needs of the Board, in order to support effective decision making

Financial

• Compile departmental budgets and forecasts
• Ensure regulatory compliance (i.e. no fines or penalties)

Operational

• Develop and implement the department’s business plans and monitor performance
• Develop, maintain, and update a risk governance framework i.e. Risk policies, risk appetite and risk limits, risk infrastructure, process, and reporting.
• Embed and continuously enhance the Enterprise-Wide Risk Management Framework for the bank, focusing on integrated and comprehensive management of risks ensuring that processes are operating effectively and fit for purpose.
• Management of non-financial as well as financial risks
• Establish and maintain risk governance systems and committee structures and ensure focus on major risks types, for example, credit, market operational risk, financial crime etc.) and their risk frameworks are developed appropriately
• Identify emerging risks facing the bank and develop responses for these risks
• Ensure that capital is measured for all material risks and included in the Internal Adequacy assessment process for the bank
• Participate in balance sheet management, which forms part of the ALM function
• Embed a positive culture of informed risk-taking through training, communication and promotion of the approved risk framework and risk management plan to Executive management and staff within Postbank
• Define risk tolerances around risk appetite and make operative the risk controls required by the Frameworks to remain within agreed risk appetite and risk tolerance limits. Facilitate the identification and quantification of risk exposures for all sections within the bank and ensure an effective enterprise-wide risk management and monitoring process
• Develop a common risk assessment methodology aligned with the bank’s objectives at strategic, tactical and operational levels
• Ensure that the full spectrum of relevant and available risk categories is considered during the risk assessment process by management
• Develop risk response processes including contingency, business continuity and emergency funding programmes
• Coordinate the development of the fraud prevention strategy for Postbank and assist management in reviewing the strategy
• Prepare aggregated and detailed reports on risks and risk management for the Board, Risk Management Committee and other stakeholders in line with risk appetite and limits
• Ensure risk management activities of the bank comply with relevant legislation and regulation.
• Serve as a role model for high personal and corporate ethical values and standards of integrity.

People Management 

• Manage the performance of direct reportee’s ensuring agreement of annual goals, measuring performance against agreed goals and dealing with non-performance accordingly
• Talent management of direct reports, including career development and paths for all staff and succession planning for key positions
• Ensure staff receive adequate and relevant training to support their development
• Ensure that the working environment contributes to improving staff morale and increasing productivity

Alignment to the bank’s transformation objectives (EE) through departmental processes

Minimum Requirements

• Postgraduate qualification in Risk Management/ Auditing or Accounting or a combination of Business Science and a post-graduate qualification. 
• Registration with a professional body such as IRMSA or similar other professional organisation would be an advantage.
• At least 8 to 10 years post qualification experience in a similar position, in the banking industry

Knowledge

• Thorough understanding of banking practices and the associated risk management thereof, Proven track record in managing risk management department(s) in a similar environment, Good understanding of integrated risk management processes and techniques, governance frameworks and emerging practices, Good understanding of capital management, allocation concepts and methodology, Understanding of financial and strategic planning, Good understanding of regulatory environment (e.g. PMFA, Banks Act, FICA, etc)

Skills and Attributes

• Quantitative skills, Exceptional analytical skills, Ability to think strategically, Ability to interact at all levels, Excellent problem solving and analytical skills, Excellent project management skills, Good interpersonal and presentation skills, Good people management skills, Effective communication skills, Enterprise Risk Advisory, Ability to manage risk, compliance and control activities in a complex financial operation, Leadership skills with the ability to influence and motivate others, Project manager of risk initiatives, Ability to understand business issues., Ability to compare risk and reward, Ability to synthesize a lot of data and see trends and potential impact on company, Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution, Proven ability to oversee a number of risk types, ideally including credit, market, operational, investment, regulatory and strategic risk and specifically liquidity, refinancing, concentration and counterparty risk.
• Lateral thinker, Strategic and tactical thinker, Analytical, High attention to detail, Decisive, Results-driven, Resilient, Ability to work under pressure