Head of Operational Risk - IFB (12133) at Investec

Description

• This role will be responsible for the implementation, embedding and maintenance of the operational risk management framework and associated risk responsibilities and requirements within the context of the Investec for Business division of the Specialist Bank. The role included the leadership and co-ordination of the Operational Risk Management team.

Responsibilities: 

Implement the Group's Operational Risk Management Framework and strategy. Ensure all aspects of the framework are executed effectively by providing assurance on the quality and effectiveness of: 

• Risk Assessments
• Risk Events (data accuracy requirements as set by the  ILM model with adequate reconciliations)
• Risk Indicators (KRIs)
• Scenarios analysis 
• External Events  
• Ensure accurate, timely and insightful risk reporting to group functions, summarising current risk exposure and highlighting significant risks, enabling the group and business to make effective decisions within the established risk framework
• Align operational risk activities with combined assurance methodologies and co-ordinate activities with Internal Audit and Compliance
• Drive a risk aware culture risk awareness and thinking around risk and control enhancements with all key stakeholders within IFB. Offer continuous education on operational risk management to maintain and enhance the risk culture of the business unit
• Ensure effective risk governance by identifying risks and managing changes in compliance with group policies
• Implement the Business Continuity Framework governance requirements (including OHS) and support business to ensure effective business continuity management practices

Experience, skills and capability

• Relevant degree
• Risk management certification would be an advantage
• A minimum of 2 - 4 years relevant work experience within the financial industry
• Relevant experience within Investec or any other banking function with products that align with those of IFB
• Facilitation skills in order to conduct workshops and relevant meetings
• Analytical skills with the ability to draw logical conclusions from vast amounts of data and information
• Microsoft tools (Excel, Word, PowerPoint)Excellent attention to detail
• Effective time management, ability to work under pressure and ability to prioritise
• Excellent verbal and written communication skills
• Understanding of the regulatory requirements within a bank and an in-depth knowledge of the operational risk regulations
• Use of AI tools