Enterprise Risk Management Professional at Development Bank of Southern Africa (DBSA)

Key Performance Areas: 

ERM Operational Functions

• Support the Principal ERM in developing and implementing the strategic direction for the ERM function.
• Establish the ERM risk universe and ensure there are no gaps in the management of specific risks and risk categories.
  Establish functional methods and processes to implement the ERM strategy.
• Prepare and submit the Annual ERM Risk Plan and all other reports as per the requirements.
• Develop, implement and oversee the Risk Appetite Framework and Risk Tolerance levels for the group and per division.
• Facilitate the drafting and maintaining of divisional risk registers for divisions as requested by the Principal ERM.
• Provide support to Management in integrating risk management with the strategy development processes.
• Develop, implement and communicate ERM policies and procedures to business.
• Facilitate the development of risk management strategies for the organisation’s critical operational risks and find appropriate solutions to mitigate and manage identified risks (inclusive of Basel requirements).
• Facilitate ERM assessments and monitor priority operational risks across the organisation.
• Align the ERM process with Internal Audit, Credit and Investment risk processes and all other Risk and Control Functions across the Group.
• Build project risk management capabilities across various project types.
• Work closely with the risk team and other monitoring functions in ensuring effective combined effort and assurance of risk management.
• Assist in developing the ERM Cluster’s strategy and execution plan in line with the divisions and organisational vision, strategy, and goals.
• Determine cluster objectives and targets for inclusion in the division’s balanced scorecard.
• Monitor, evaluate and integrate risk activities across the Bank.
• Facilitate the strategic risk process and related reporting.

ERM Best Practice

• Elevate and evolve the status of ERM within the Group to at least best practice.
• Play a trusted advisor role to Management and the Executives concerning leading risk practices and consulting activities.
• Determine emerging risks on a timely basis.

Divisional ERM Advisory Services, Monitoring & Reporting

• Provide a professional ERM advisory service to Business.
• Ensure that group-wide risk projects are managed and implemented in the Business (excludes credit and investment risk).
• Communicate and facilitate the use of appropriate ERM methodologies, tools and techniques.
• Work with divisions to establish, maintain and continuously improve risk management capabilities and implement appropriate risk reporting standards.
• Provide an independent view regarding proposed business plans and transactions.
• Develop, monitor and report on corporate key indications.
• Conduct risk investigations as required.
• Assess the status of corporate mitigation actions.
• Participate in special project risk reviews as required.

Minimum Requirements:

• A postgraduate qualification in Risk Management or equivalent.
• A minimum of 5 years’ experience in Enterprise Risk Management.
• In-depth knowledge of development finance, risk management philosophies, practices, etc.
• Knowledge of the relevant legislative framework, i.e., Basel II, GAMAP, GAAP, IFRIS, etc.
• Experience in Project/Programme Management.
• Expert knowledge of risk and financial management principals, philosophy and methodologies to participate in the most complex risk assignments undertaken in the DBSA.
• Good understanding of Finance, Treasury, Credit and other risk-related matters affecting the Bank and the Divisions.
• Ability to quantify and aggregate risk for management and reporting purposes.

Desirable Requirements:

• A postgraduate qualification specialising in Risk Management.