DC -Risk Specialist- Sandton 1DP - JHB at Discovery Limited

Job Purpose

• Implement an overall risk management process for a portfolio of Distribution Channels within the Discovery Group in accordance with a defined risk governance structure. The risk specialist will report to the Risk Manager.

The successful individual will be required to perform on, but not limited to the following key outputs:

• Facilitate the identification, quantification, management and monitoring of the business unit’s risks across all risk classes.
• Facilitate risk and control assessments to help the business unit identify risks and assess the effectiveness of their controls.
• Work very closely with the Risk team to deliver on risk management requirements
• Map out the business units’ processes and associated controls, identifying any control and process weaknesses.
• Monitor and assess compliance with risk policies and procedures as required
• Perform risk investigations as directed by the line manager
• Identify relationships and dependencies between risks.
• Interact with the business units to identify practical solutions to mitigate risk and address control and process weaknesses.
• Effectively challenge the business units risk assessments.
• Monitor and report on risk incidents and perform investigations where required.
• Establish, monitor and report key risk indicators.
• Assist the business to develop risk appetite and tolerances
• Work closely with Group Risk Management, and other assurance providers to ensure alignment of risk activities and sharing of knowledge
• Provide subject matter expertise on risk management issues and trends.
• Administer risk meetings and Risk EXCOs.
• Facilitate the flow of risk information from business into Group Risk Management.
• Prepare presentations
• Draft reports
• Prepare risk reports.
• Assess the business unit’s strategic objectives to identify risks to meeting these objectives.
• Promote a positive risk management culture.
• Manage, maintain and follow up on all risk registers.
• Assist with the Implementation of the ERM framework, processes and standards in the business
• Assist the Risk manager to review any outputs as required as well as to undertake any other work as required by the manager from time to time
• Ensure that risk profiles are always up to date in the system
• Fully comply with and implement all policies, methodologies, processes, guidelines and templates in entirety as issued/required by Group Risk Management in the performance of risk activities.

Personal Attributes and Skills

The successful individual will be required to demonstrate the following competencies:

• Effective negotiation and influencing skills.
• Must be able to build relationships.
• Must be a strong communicator with excellent writing skills.
• Must be able to critically evaluate business information.
• Strong presentation and facilitation skills.
• Strong organisation skills.
• Strong quality skills
• Strong report writing skills
• Must be able to work autonomously and within a team.

Attributes

• Professionally minded, constructive, business and goal orientated.
• Must be quality driven
• Resilient, calm, objective, capable of working effectively under pressure or in conflict situations.
• Adaptability; maintains effectiveness when experiencing major changes in personal work tasks or the work environment; adjusting effectively to work within new work structures, processes, requirements or cultures.

Qualification & Experience

• Advantageous: BCom (Risk Management), BCom (Audit), or other suitable qualification
• +5 years in risk management or audit.
• Experience working with management in a Financial / Insurance industry.
• Must have a strong knowledge of operations.
• Must have knowledge on strategic, business, regulatory and operational risks.