Risk Manager - Johannesburg at RMB - Rand Merchant Bank

Job Description

To manage relevant risks within area of accountability by identifying, managing and mitigating risk in accordance with defined
business appetite and aligned to relevant risk frameworks and policies

• Senior risk specialists with the ability to investigate, advise and remediate financial risk problem statements within the Global Markets space (including market, credit and operational risk).
• Risk Insights Manager role functionality
• Deliver against operational and cost targets
• Prioritise resource allocation to minimise and reduce wastage
• Monitor costs for the financial year according to the operational plan
• Allocate and approve expenditure
• Review cost reports and resolves or explains variances to the budget
• Identify, control and escalate potential risks that may lead to increased costs
• Manage costs or expenses within approved budget to achieve cost efficiencies
• Build relationships that allow for the managing of expectations, the sharing of knowledge and diverse insights, and the creation of buy-in
• Engage in cross-functional relationships to obtain and to provide work support
• Provide input into the development of the business area tactical strategy in achievement of the overall business strategy
• Develop and implement an area operational plan in achievement of Business objectives
• Ensure all stakeholders have been engaged and information provided by Project Management Office is reviewed and challenged to ensure accuracy
• Escalate critical projects status to contribute to delivery against set timelines where required
• Set the strategy and create the enabling environment for active risk reduction by informing and looking at the key risk indicators, re-assessing, and ensuring the control environment is perceived relative to risk appetite as well as ensuring changes to reduce, tolerate or mitigate risk are made accordingly
• Develop and maintain monitoring plan to ensure coverage of key controls
• Manage and ensure compliance to the applicable framework in relevant risk control monitoring plan
• Track feedback on results of monitoring activities to enhance relevant risk control environment
• Work with business unit to understand business, drivers, current concerns and future plans to mitigate risk to proactively identify and anticipate risks
• Identify, manage and mitigate interconnected or interdependent risks and provide relevant information to business and risk teams to appropriately manage and mitigate risk
• Understand changes of applicable risk policies and communicate to relevant stakeholders accordingly
• Keep abreast of relevant risk developments externally and ensure it is considered in the risk profile for the business
• Ensure development of appropriate solutions to identify losses and risk exposures and facilitate the effective implementation thereof
• Ensure business continuity management plans are reviewed and tested and aligned to business continuity strategy
• Assist business to identify risks inherent in key business processes, new products, business projects and key outsourced and insourced arrangements and critical third-party service providers
• Ensure business has designed and implemented controls to manage the risks identified
• Build a risk management culture through ensuring awareness campaigns to educate stakeholders to influence behaviour and drive the importance of compliance and good conduct
• Drive and embed risk capabilities in the business
• Ensure application of risk capabilities and tools are applied to identify, evaluate, report and monitor risk processes
• Drive a combined assurance approach to risk management by engaging specialists and other assurance partners on key risks matters
• Ensure comprehensive risk assessments are conducted in relation to products, services and solutions that are developed by the business are appropriate to manage the risks within the approved risk appetite
• Analyse business information, data and BU risk reports to identify trends and create qualitative risk status reporting with accurate and reliable business intelligence
• Prepare the relevant risk profile report in a format that is acceptable to senior management and risk governance committees and considers all key risks
• Ensure appropriate governance structures are in place in area of accountability
• Develop and communicate timelines for submission of relevant op risk reports to risk committee structures that align to Group Risk timelines
• Escalate significant risk issues to management or Enterprise Risk Management and risk governance
• structures as relevant
• Review risk management documentation and risk reports to ensure achievement of relevant risk strategy
• Track and report at the relevant forums and committees monthly on progress towards achieving the relevant risk strategy at defined intervals
• Inspire a motivated energised working environment
• Take full responsibility for performance management of all direct reports focusing on all aspects of sound people management
• Ensure appropriate levels of management and accountability
• Motivate delegate and empower appropriately, enabling direct reports to take responsibility and display appropriate creativity and initiative
• Work with the team to actively grow their skills and lead them in operational excellence
• Define performance contracts for staff members, monitoring performance thereto
• Lead planned and ad hoc meetings with staff members to ensure measurable and valuable feedback on daily operations and in line with agreed performance contracts.

Requirements:

• Honours or Masters in the field of mathematics, quantitative finance or engineering
• Minimum 5 years experience in a similar functionality within Banking
• Experience in a quantitative or engineering discipline within the finance /
• banking industry
• Experience collaborating across the Markets eco-system (risk, front office, operations, legal) ensuring cohesion across multi-faceted systems and processes with definitive decision-making capabilities