Manager: Enterprise Risk at Land Bank Careers

MAIN PURPOSE OF THE JOB

• The purpose of role is support Head of Risk in developing and facilitating the implementation and maintenance of a fit-for-purpose Enterprise Risk Management Framework (ERMF), which include Operational, Insurance, Financial and Strategic Risk, with Land Bank Insurance entities, thereby safeguarding its assets, customers, reputation and the interest of shareholders by identifying and assessing as well as managing threats to the achievement of its business objectives. 

Key Performance Areas    
Facilitate and manage the implementation and maintenance of a fit-for-purpose ERMF, including sub-frameworks that aligns to the LBI Risk Management strategy

• Maintain updates to the ERMF, including sub frameworks
• Create awareness and training
• Train Champions and Management
• Train and create awareness
• ERMF tools as part of systems Build
• ERMF inclusive in RCSA
• Integrate Reporting (Board, Management Committees)
• Assist with Risk and Governance collation of committee packs
• ERM analysis, root cause analysis and risk assessment recommendations to Exco and Board
• Monitoring and updating the Strategic Enterprise Risk Register
• Monitoring consistent application of ERM
• Maintain a register of Top ERM risks (Strategic and Operational risks)
• Emerging Risk trends
• Ensure capturing of all ERM incidents

Develop and facilitate the implementation and maintenance of a fit-for-purpose Operational Risk Management Framework

• Develop and maintain Operational risk policies, manuals and procedures
• Liaise with Head of Risk and business units on risk related matters
• Analyse business unit risk reports and provide appropriate recommendations
• Ensure risk reports are produced, monitored and discussed with management in line with the ERM framework
• Provide support to business unit management in carrying out their respective risk management responsibilities
• Represent risk at key stakeholder forums and committees
• Assist in the identification and quantification of the Bank’s risk appetite
• Co-ordinate and facilitate workshops on the top risks of the organisation, identify, assess, measure, monitor and report on the risks
• Developing and facilitating the collation, analysis and reporting of key risk indicators, and instituting a process for escalation and addressing identified control weaknesses
• Generate reports and submit to Exco for Board Risk Committees
• Assist business units with articulating identified emerging risks and updating risk registers.
• Perform the super user and administrator functions of the risk management system
• Revise and update appropriate risk methodology/approaches regularly

Risk Function Advisory and Reporting – Facilitate the reporting of ERM for Board and Management committee reporting processes by creating and effective reporting mechanism

• Oversight of the regulatory returns and reporting relating to prudential regulatory matters and management of the strategic relationship with prudential regulators.
• Develop and implement a framework for reporting
• Develop reporting dashboards (i.e. KRI and Risk events reporting)
• Ensure information is integrated in a timely manner
• Ensure accuracy of ERM reporting and information

Social and Ethics Management

• Inspect and oversee the ethics related issues in terms of King IV.
• Collaborate with internal and external stakeholders in addressing ethics related issues.
• Submit research and advice on best practices to detect and address unethical behaviour.
• Develop a process to monitor compliance with the complaints and ethics policies and procedures.
• Present reports to management and board on all non-compliance to code of ethics and ethics policy to relevant stakeholders.

Stakeholder engagement and coordination of enterprise risk related committees, meetings and initiatives

• Contribute to the planning of the Management Risk Committee (MRC) meetings
• Support BU management to ensure that strategic decisions within the business areas take full accountability of the current and emerging enterprise risk profile
• Recommend value add risk management solutions to reduce the risk of re- occurrence and impact
• Ensure that risk issues identified are monitored, reported, escalated to relevant person/s & Committee/s and corrective actions are taken

Preferred Minimum Education and Experience    

• Post Graduate Qualification, Preferably  in Risk  Management 
• A member of the Institute of Risk Management of South Africa (IRMSA)
• 8-10 years experience in Enterprise Risk management function, preferably in insurance companies
• 4-6 years In-depth Operational risk experience
• 5 years experience within a risk or auditing environment
• 3 years experience in a leadership or management position

Critical Competencies    

• Enterprise wide Risk Management Framework and Strategy Setting 
• Operational Risk Management Framework
• Embedding a Risk and Ethics culture & Building a Value based Ethics program
• Strategy Planning, Crafting, Implementation and Reporting
• Establishing, implementing and maintaining appropriate mechanism and activities (including a risk strategy, risk management  plan and risk management reporting) in respect of Enterprise Risk Management Framework, Risk Governance and Social and Ethics
• Governance Risk and Compliance Systems such as CURA
• Strategic analysis
• Ethics Monitoring
• Additional Requirements    
• Travel as and when required
• Long hours as and when required

Closing Date    
2023/05/22