Risk Analyst (Junior) at Discovery Limited

Job Purpose

• The Risk Analyst will support the Enterprise Risk Management (ERM) function by executing operational risk assessments, performing control design and operating effectiveness testing, and supporting assurance reporting to management and Combined Assurance forum. The risk analyst will report to the Operational Risk Manager.
• The role will play a key part in the implementation and ongoing execution of the Risk Assessment and Control Testing framework, ensuring risks are accurately assessed, controls are effectively tested, and issues are appropriately tracked and reported.

Areas of responsibility may include but not limited to

• Execute risk and control self-assessments (RCSAs) across business areas in line with the ERM methodology.
• Perform design effectiveness and operating effectiveness testing of key controls.
• Assess control performance against defined criteria and testing standards.
• Assist in raising issues and actions in the risk/issues management system.
• Support tracking, monitoring, and follow-up of remediation actions.
• Capture and maintain risk assessments, controls, issues, and actions on the risk management system. Ensure data quality, completeness and consistency.
• Prepare control testing output reports and supporting documentation.
• Contribute to Combined Assurance and management reporting.
• Identify and map out controls within the Bank processes and identify any control and process weaknesses.
• Interact with the business to identify practical solutions to mitigate risk and address control and process weaknesses.
• Monitor and report on loss event data and perform loss or risk incident investigations.
• Work closely with other risk officers, risk champions and assurance providers to ensure alignment of risk activities and sharing of knowledge.
• Work closely with the Internal Audit and Compliance Functions as well as other assurance providers to provide a combined assurance assessment of the risk management within business.

Role Specific Behaviors

• Ensures accountability
• Action orientated
• Communicates effectively
• Build network
• Plans and aligns
• Strategic mindset

Education and Experience

Required:

• Bachelor’s degree or Diploma in Finance, Risk Management, Auditing or a related field

Preferred (would be advantageous)

• Relevant Accounting qualification is advantageous

Technical Skills or Knowledge

Required:

• A sound knowledge of the financial / retail banking industry, the mechanics of its operation and its trends. Familiarity with banking specific and other relevant legislation and regulations (e.g. Banks Act, Basel, TCF, POPI, PCI) is useful
• Control design and operating effective testing
• Evidence-based assurance approaches
• Risk and issue documentation
• Strong report writing and documentation skills
• Microsoft Excel, Word, PowerPoint
• Solid understanding of risk management methodologies
• Must be a strong communicator with excellent writing skills
• Must be able to critically evaluate business information
• Strong presentation and facilitation skills
• Must be able to work autonomously and within a team

Preferred (would be advantageous)

• Working knowledge of GRC (Governance, Risk and Compliance) systems is an advantage