Risk Manager at FirstRand Group

Role Purpose

Accountable for the support, implementation and management of the risk function for a specific business unit in order to minimize losses. 

Responsibilities   

• Manage costs / expenses within approved budget to achieve cost efficiencies.
• Establish a sound risk management culture through awareness of campaigns to influence behaviour and drive the importance of compliance.
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members.
• Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
• Translate strategies into actionable goals and execute relevant projects / initiatives aligned to strategic objectives with specific performance measures and control systems to track progress. Comply with governance in terms of legislative and audit requirements.
• Implement business performance and risk management frameworks and relevant risk methodologies.
• Reconcile and report on monthly risk loss.
• Manage operational risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for: - understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities.
• Ensure that necessary action is implemented to reduce the operational risk to an acceptable level.
• Benchmark current practices against the risk management framework and adjust practices as and when necessary.
• Identify and implement risk management initiatives and compile risk mitigation plans in order to proactively action identified risks.
• Provide qualitative risk status reporting with accurate and reliable business intelligence (information) together with analyzing trends and data.
• Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation and achieve efficiencies.
• Manage personal development to increase own skills and competencies.

Additional Requirements

• The incumbent must have a minimum of 7 years’ risk management experience and Banking and audit experience is critical.
• Understanding of Wills, Trusts and Estate Management is advantageous.
• Exposure to Risk Management Programmes
• Advanced excel and PowerPoint is a must as well as good report writing skills
• Ability to mitigate business; regulatory and reputational loss

Qualifications

• Bachelors degree
• Industry related certifications in Risk management (CIA, IRM etc.)
• FPSA (Fiduciary Planner SA) advantageous