Senior Risk Auditor at Alexander Forbes

Introduction
Alexander Forbes seeks a Senior Risk Auditor to identify areas of operational risk and performs necessary reviews in order to understand and mitigate risk. Plans, executes, concludes and reports on operational based risk reviews. Performing trend analysis. Perform ad-hoc projects. Perform project work that might include the following: Flash audits of high risk areas. Monitoring of the dashboard.

Minimum Requirements

• B Comm Internal Auditing or
• Relevant Degree/ Tertiary Qualification in risk methodology, auditing and accounting
• 3 - 4 years experience

Job Specification
Management of the Risk for AF Investment Administration

• Planning –Implement the team’s planning process
• Execution – Ensure the execution of defined and accepted strategy
• Monitoring – ensure appropriate monitoring mechanisms are in place to track and review effectiveness of strategy and goals. Scan the environment for new trends.
• Ensure the efficient and timeous management of the items on the risk tracker
• Ensure the risk registers are timeously, accurately and completely updated prior to the RISCO and Audit committees
• Take part in analysing the strategy and business plan of the business unit to determine the relevant deliverables.
• Take part in defining the objectives for the business unit in accordance with the company strategy.
• Take part in determining the deliverables of the division from the objectives.
• Take part in analysing benchmarks for similar operations to determine performance indicators for the business unit.
• Take part in developing and implementing performance indicators for the department. (Risk)
• Take part in creating and maintaining detailed and relevant standard operating procedure manuals. (The control self assessments and the like)
• Initiate pro-active and corrective actions as required within the allocated time frames. Ensure feedback is provided to the relevant role players as and when necessary.
• Complete management actions within the allocated time frame.
• Ensure quality of work done by department.
• Ensure adherence to policies and procedures.
• Taking part in drafting of departmental policies, procedures and business processes. Taking part in drafting of targets and ensuring that targets are met as per departmental budget.
• Reduction in number of items on the tracker. Effective planning to ensure deadline dates are managed and monitored
• Implement developmental and/or training requirements
• Confirm that the Investment Policy remains appropriate to prevailing legislation (including the Prudential Authority’s Standards and the regulatory requirements governing hedge funds) and business conditions – ensure that, where amendments are needed, these are recommended through the relevant governance structures for approval.
• Confirm that the Investment Policy is applied into business operations – conduct an annual assessment to confirm this application and embedment.
• Establish and maintain the risk model for the reference portfolio framework (this includes establishing the relevant methodologies and risk techniques and ensuring approval of any fundamental assumptions).
• Find ways to link performance and risk exposures and communicate these to the broader Investment Team.

Stakeholder and Client Relationships

• Build and maintain exceptional relationship
• Ensure risk management is effective and efficient. Identify and pursue new methods of risk management.
• Ensure good client relationships
• Timeously and pro-actively set up meetings with business heads to ensure risk is adequately, effectively and efficiently managed and quantified
• Teach and guide understanding of risk framework within AF Investments
• Collaborate with Investment Advisory in sharing ideas around advisory client portfolio risks

Personal Skills

• Build and maintain their own personal skills
• The individual is to stay up to date on the latest industry trends
• Assisting in times of absenteeism and pressure to ensure work is delivered (team player)
• Ability to work independently and to be a definite team player, when required
• Ability to take ownership and responsibility for the tasks allocated
• Accuracy / attention to detail
• Proactive / takes initiative
• Self motivated and action orientated