Risk Analyst-NPSD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Assist with the implementation, review, update and maintenance of the operational risk management and compliance framework.
• Coordinate and plan the annual operational and strategic risk assessment workshops with the Risk Management and Compliance Department (RMCD) and relevant stakeholders. 
• Provide advice on risk and compliance management issues relating to the operating area within the NPSD.
• Develop operational risk profiles and risk action plans relating to the national payment system (NPS) operating area.
• Coordinate, plan and execute activities relating to the management of specialised operational risks (including cyber-risk, change management, project risk management and business continuity management). 
• Conduct operational risk assessments, prepare reports, develop risk mitigation plans and report on progress, in line with RMCD and the Board Risk and Ethics Committee agendas.
• Actively stay abreast of new approaches (best practices), methods, analytical techniques and procedures in risk management. 
• Implement risk monitoring processes for risk and compliance management. 
• Assist in preparing for briefings and presentations with relevant stakeholders. 
• Assist with the preparation of scenarios, coordinate training and awareness sessions, and provide training in areas of governance, risk management and controls relevant to the NPSD. 
• Coordinate and liaise with RMCD, internal and external audit, as well as any other relevant stakeholders to improve and enhance audit, risk and compliance activities.
• Log risk incidents relating to the operational area. 
• Monitor and report on risk action plans relating to the logged risk incidents. 
• Build sound professional relationships with stakeholders through collaboration, client focus and excellent execution.
• Manage relationships with peers through teamwork, knowledge sharing and positive attitude, and providing support to colleagues.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and add value to the NPSD.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must be in possession of:

• a Bachelor’s degree in Risk Management; and
• five to eight years’ experience in a banking, finance and payment environment, of which at least two years must be in risk management.

Additional requirements include:

• sound knowledge of recognised risk management frameworks, processes, standards and practices;
• experience in the use of relevant risk management computer software applications;
• proven facilitation and presentation skills;
• excellent interpersonal as well as verbal and written communication skills;
• proficiency in the use of MS Office products (Word, Excel and PowerPoint);
• proven scribing and minute-taking skills; and
• the ability to function independently (self-starter).