Operational Risk Consultant at Investec Asset Management

• Reporting to the Head of Group Operational Risk the successful candidate will be responsible for the development, implementation and maintenance of the operational risk management framework to ensure that the group's operational risk objectives are met
• Description of your Skill and Experience
• Reporting to the Head of Group Operational Risk the successful candidate will be responsible for the development, implementation and maintenance of the operational risk management framework to ensure that the group's operational risk objectives are met.

Specific responsibilities will include:

­Reporting

•  Preparation of Group Operational Risk reporting for submission to committees, board, ORX and regulator
•  Continuous enhancement of reports
•  Gather and collate business requirements for improvement of existing reports and development of any additional reports
•  Draft / update appropriate policies and practice / procedure manuals, and monitor implementation
•  BCBS 239, Risk Data Aggregation– implement principles, enhance practices and ensure operational risk documentation is aligned to the group's Risk Data Aggregation Framework
•  Perform research, testing and present potential system solutions to streamline reporting
•  Drive system requirement changes to conclusion

­Data analytics

•  Identify methods to support analytics and investigate potential solutions/enablers. Enhance and drive data clean-ups and validation methods
•  Analyse operational risk data (risk events [internal & external], risk assessments, key risk indicators [KRI's]) and present analysis results elegantly

­Operational risk management framework

•  Support business units and central services areas to implement and maintain the operational risk management framework.This will include amongst others facilitation of risk and control assessment workshops, identification and tracking of risk events, key risk indicators, reporting
•  Monitoring of business unit compliance to the operational risk management framework
•  Support and provide guidance to business unit embedded risk managers
•  Continuous engagement with ORM's for Group Risk to ensure consistency and review of methods/approach
•  Conduct ad hoc operational risk reviews

­Other responsibilities

•  Training and education within the group with regards to operational risk
•  Attendance and participation in relevant forums and committees, e.g. Operational Risk Forum, Operational Risk Committee
•  Presentation of reports at relevant meetings
•  Develop a good working relationship with colleagues in other jurisdictions, business units and other risk disciplines
•  Regulatory interaction, including providing input into the regulatory on-site process, attendance of relevant regulatory forums
•  Participation in industry forums
• A minimum of 3 years experience in operational risk management in a financial institution, preferably with a focus on reporting
• Knowledge of regulatory frameworks, including Basel II, SARB regulations

The Result 

• Ability to work well within a team
• Independent judgement with strong analytical and risk assessment skills
• Self-motivated, able to bring projects to conclusion
• Strong written and verbal communication skills with proven ability to liaise at all levels
• Strong interpersonal skills / ability to develop relationships with business units