MAIN PURPOSE OF THE JOB
To lead and establish appropriate Operational risk management principles within the organisation by developing implementing and maintaining risk management policies, standards and processes in line with the strategic objectives of the corporate plan of Land Bank. The incumbent is responsible for setting the approach in Identifying, Assessing, Managing, and Reporting in respect of the Operation -Wide Risk Framework.
Key Performance Areas
Design, Developing, Driving and Integrating the Operational-wide Risk Management framework & Policies within Land Bank
- Design, develop, implement and integration of an Operational –Wide Risk Framework(ERMF) and Policies
- Drive and integrate the ERMF by ensuring ERM maturity and risk culture in the Bank
- Create risk training & awareness within the organisation to entrench a formal risk management approach
- Develop all risk management policies within Risk Division and Policy Frameworks for the Land Bank
- Develop and oversee the agreement on roles, responsibilities and standardised risk assessment criteria
- Provide guidance for the development of risk staff capability within the organisation
Identify, Assess and Manage and report relevant risks in respect of the Operational Risk Framework.
- Monitor breaches to risk appetite and recommend to Board Risk Appetite considerations
- Recommend risk appetite in accordance with Operational Risk Management Framework (ERMF) and Land Bank Strategy
- revise limits throughout the Land Bank
- publish risk appetite report
- present the report to the Board for approval
- Conduct risk assessment maintain a comprehensive risk register and quantitatively evaluate and assess risk
- Arrange Risk workshops to undertake these assessments both for Management & Board on quarterly & annual basis and more frequently for individual Business units to ensure risk registers are updated and accurate
- ensure there is business continuity and disaster recovery strategies and plan across the Bank are in place
- Identify and report all key risks both strategic and operational risks to CRO, Exco and Board through risk registers and CRO report
- Monitor and reporting on operational risk exposures and incidents
- Implement risk identification strategies and controls to minimize operational risk
- Provide guidance and training of staff on operational risk management
Manage stakeholder relationships (Exco / Board / Board sub committees / National Treasury / Operational Risk and Process Risk Committee chair, including but not limited to these committees)
- Set-up meetings with the role players to discuss the roles and responsibilities and possible areas of cooperation, improvement and conflict
- Obtain mutual agreement on the resolution of issues, meetings required and the delivery of inter-dependent outputs and results
- Agree to the expected outcomes from each party and set-up SLA’s where required
- Monitor the performance of all relevant role players continuously to ensure that the agreements are honoured
- Inform the relevant role players of the outcomes, deviations and actions required
- Implement continuous follow-up to ensure that the relationship is maintained
- Compile a database indicating the role players, expected outputs, contact details, type of agreements and relationships
- Document the interaction with the relevant role players for future reference purposes and archive
Oversight, Monitoring and evaluating and Identification of key risks for the organisation – ERM
- Develop appropriate monitoring and evaluation systems, including effective use CURA and other Risk related systems,
- Overseeing the implementation of implementation of risk management tools and systems to support effective risk measurement and reporting
- Monitor and evaluate adherence to policies and procedures
- Monitor and evaluate concentration, sector and portfolio risks related to operational risks and other risks. Oversee all risks including credit risks, business risks, IT risks, people risks, amongst others that may impact operations and ensure they are adequately addressed by respective Risk Owners.
- Monitor business performance related KPI’s to operations
- Manage Business Intelligence
Departmental and People Management
- Performance Management
- Capacity Planning
- Financial Management
Preferred Minimum Education and Experience
- Relevant 4 year tertiary qualification (B Com, BA, LLB, Risk Management, Business Management or related) - Postgraduate
- 8 - 10 years experience in Operational Risk Management ; Enterprise Risk Management, Compliance, Ethics, Governance
Critical Competencies
- Policies and Procedures
- Operational Risk environment
- Business Acumen
- Legislation
- Business Environment
- Operation Risk Modelling (Qualitative and Quantitative)
- Process Engineer
- Legal knowledge
- Microsoft Office
- Governance
Additional Requirements
- Extended hours as and when required.
- Travel as and when required
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