Job Vacancies at Alexander Forbes

Job description

Closing Date: 27 July 2017

Job Main Purpose:

To manage and integrate operational risk practices across the portfolio of countries (currently Nigeria, Kenya, Uganda, Zambia, South Africa, Namibia and Botswana). This includes specialist sub operational risk types such as Information Risk, Outsourcing Risk, BCM (Business Continuity Management, change risk and Capital Allocation and to oversee the operational financial risk, from an organizational perspective.

FORMAL EDUCATION & EXPERIENCE:

• BCom / BCom Hons or relevant degree with risk management experience in financial services. Alternatively, Internal Audit experience in financial services.
• Minimum of 7 or more years’ experience in the:
• Experience ideally covering a broad range of processes/products across insurance, asset management and pension funds
• Performing “non-routine” and diversified activities either in operational risk management, Internal Audit or within business unit operations.
• Knowledge of IT processes, ideally as well as Operational Risk management practices.
• Ideally to have Knowledge of the Insurance regulatory environment

Conceptual understanding of:

• Investment management
• Balance sheet management
• Funds transfer pricing
• Capital allocation
• Asset liability management
• RESPONSIBILITIES:
• Primary Responsibilities
• To reduce Operational Risk where appropriate in a cost-effective manner.
• To report monthly to Business Unit and Group Operational Risk management on the level of Operational Risk, the activities underway to reduce risk and to escalate areas of concern.
• To assist the business units in implementing adequate Operational Risk management processes to meet regulatory and Group requirements.
• To ensure that all subsidiaries complies with the Group’s Operational Risk management framework and policies.
• Facilitate the regular review and update of operational risk assessments.
• Operational Risk events – Capture (where required), review and perform causal analysis.
• Monitor progress on actions required to improve controls and escalate where necessary.
• Review and follow up month end reports.
• Review BU Key risk indicator information and ensure that BU is responding adequately to minimise Operational Risk.
• Follow up issues reported by Internal Audit to ensure management action is taken to resolve.
• Review Data quality in the Operational Risk management system.
• Produce monthly reports for Group Risk Committee and BU’s.
• Review of activities to assess compliance with Group Operational Risk policies.
• Operational Risk Pillar 2 scenario analysis and associated capital calculations.
• Support Responsibilities
• Activities to ensure the readiness of the Group for business disruptions. Including preparation for Business Continuity tests.
• Training of BU staff.

KEY COMPETENCIES

• Strong problem solving capabilities
• The ability to interact in a team-environment and manage a team
• The ability to find innovative solutions to complex and often unusual challenges
• Strong attention to detail
• Ability to use initiative
• Ability to effectively and efficiently prioritise
• Flexible and adaptable
• Able to handle pressure
• Strong Communication skills

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Job description

Closing Date: 27 July 2017

Job Main Purpose:

Take responsibility in providing strategic leadership, directing, and overseeing all risk and compliance management activities for the organisation and to partner with stakeholders to provide trusted and valued risk management.

Responsible for:

• Advancing and contributing to strategic leadership;
• Challenging all risk and compliance activities to manage strategic risks better; and
• Partnering with stakeholders to enhance the Company’s trusted and valued reputation.

FORMAL QUALIFICATION & EXPERIENCE:

• An appropriate Bachelors Degree, Actuarial Science, Engineering, CA, Advanced Mathematics of Finance
• FRM /PRM, CFA, MBA is not required but would be advantageous
• Minimum of 7 or more years’ experience in the:
• (incl. risk measurement) across insurance risks, credit risk, market risk, liquidity risk, operational risk and business risk
• Stress testing
• Solvency Assessment and Management (SAM) or related risk-based capital regime.
• A conceptual understanding of:
• Investment management
• Balance sheet management
• Funds transfer pricing
• Capital allocation
• Asset liability management

RESPONSIBILITIES:

Primary Responsibilities

• Direct and oversee the strategic design and implementation of a risk management Target Operating Model (ToM) for the Business.
• Assist the board of directors and managing executives in carrying out their respective responsibilities, including by providing specialist analysis and performing risk reviews;
• Identify the risks the Company faces;
• Assess, aggregate, monitor and assist in managing and otherwise addressing identified risks effectively;
• Gain and maintain an aggregated view of the risk profile of the company at an enterprise-wide and individual business unit level;
• Evaluate the internal and external risk environment on an ongoing basis to identify and assess potential risks as early as possible;
• Conduct regular stress testing and scenario analyses, including in respect of outliers or matters with low probability but high potential impact;
• Investigate, research, understand and advise on prudential risks the company and subsidiaries may face.
• Investigate, research, understand and advise on market conduct risks the company and subsidiaries may face.
• Work with all the function Heads to ensure that they implement adequate business level controls to ensure that the principal risks applicable to their areas remain within the approved risk appetite.
• Ensure active follow up of risk issues identified during assessments by managers themselves, Management Assurance or Group Internal Audit. Escalate overdue items to the Business Exco.
• Operational Risk Management
• Fraud Risk Management,
• Specialised Operational Support and
• Expansion & Integration,
• Ensure alignment with best practices as well as Group requirements through assessment of current risk management activities within.
• Strategically re-design policies, resources (capacity, capability and reporting lines), risk management procedures and processes. For example, write and implement Integration & Expansion policies and procedures.
• Be the single entry and exit point for all risk management matters. Rebalance resources (people, technology) between the different areas to ensure maximum utilisation of existing resources.
• Represent the Business at Group Risk level
• Ensure that there are mechanisms in place to identify and understand all occurrences of risk in the principal risk categories including those resulting from the development of new products, processes or other business change. This includes supporting the definition and overseeing the development of Control Issues, Key Risk Indicators and Principle Risks within the Business.
• Ensure that the requirements of SAM are embedded within the company’s structure and successfully implemented
• Compilation of the ORSA report for submission to the relevant governance forums, the Board and the regulator on an annual basis or as required.
• Perform second line validation of any internal models used within the business.
• Perform qualitative and quantitative operational risk assessments across the company and subsidiaries
• Support Responsibilities
• Support the Pillar in the financial budgeting processes
• Support the Pillar in risk reporting and monitoring
• Oversight of risk transfer mechanisms (incl. re-insurance, hedging, collateral management, etc.)
• Development of the risk adjusted performance metrics

KEY COMPETENCIES:

• Team Orientated
• Initiative
• Problem Solving
• Innovation
• Attention to Detail/
• Analytical
• Prioritisation skills
• Change Prone
• Work under Pressure
• Verbal Skills
• Business Acumen
• Provide Direction & Purpose
• Financial Acumen
• Influential Ability
• Engaging the Workforce
• Management of Personnel
• Financial Analytics
• Strong sense of Company Values
• Negotiating Skills

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Job description

Closing Date: 27 July 2017

Job Main Purpose:

Managing and maintaining the organisation’s obligations as it relates to the supervision and reporting of money laundering activities;

Designing, evaluating, supporting, and influencing a culture of compliance throughout the organisation;

Acting as the principal point of contact for employees on day-to-day regulatory matters, assessing suspicious AML activities being reported;

Providing a full range of compliance / AML related support services including advice, guidance, mentoring of employees together with robust monitoring and subsequent reporting to Group.

Formal Education & Experience:

• First Degree – Legal, Finance and Accounting
• Post Graduate Diploma - Organizational Governance
• Minimum of 7 or more years’ experience in the:
• Solid understanding of the nature of the AML/CFT framework in South Africa, as well as international best practice
• In depth knowledge and understanding of the legislative and regulatory requirements relating to financial institutions as well as internal compliance related policies and procedures
• Legal Compliance - can comply with relevant legislation, regulatory and professional standards.
• Compliance - The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply.
• Quality Orientation - The ability to promote and maintain high standards of quality at work.
• Strategic Planning and Reporting - Knowledge and understanding of the process and thinking required to formulate objectives and priorities, and implement plans consistent with the long-term interests of the organisation in a global environment. The ability to identify and capitalise on opportunities and manage risks.
• Legal Knowledge - Knowledge of applicable legislation and the legal policies and procedures pertaining to the local, regional and relevant international laws.
• Policy Development - Understanding and application of the discipline of policy analysis, definition, writing and implementation.
• Minimum of 3-4 Years- AML/CFT compliance advisory role
• Minimum of 3 - 4 years - Previous AML/CFT policy drafting and monitoring experience: Previous AML/CFT policy drafting and monitoring experience
• Minimum of 1 - 2 years - Good working knowledge of the Banking environment, systems and procedures
• Minimum of 3 - 4 years - Good working knowledge and understanding of regulatory requirements, local and international

A conceptual understanding of:

The regulatory environment governing the financial services industry

Responsibilities:

Primary Responsibilities

• Provide principle-based oversight and advice on compliance issues arising out of fulfilling AML/CFT obligations by keeping abreast with local and international operations, standards and controls
• Create awareness and guidance, at Group level, on the requirements associated with FIC Act reporting obligations
• Provide advice, support and guidance to Business MLCOs on complex AML/CFT matters, and to ensure effective implementation of controls and processes
• Attend to relevant projects or reviews, provide input, and perform allocated tasks in terms of all projects concerning AML/CFT
• Drive the annual review of Group AML/CFT Standards and Policies
• Compile AML Risk Management Plans for business on an annual basis
• Evaluate AML/CFT risks attached to group activities both local and international
• Identify deficiencies in AML/CFT control measures and determine the appropriate remedial action plans (timeframes and responsibilities)
• Ensure the reputational risk of the Standard Bank name is considered at all times
• Maintain an advice log that includes key Group AML decisions and advice rendered
• Contribute to the AML/CFT framework, and avoid duplication, by working in consultation with Business MLCOs
• Ensure the necessary development and maintenance of AML/CFT related documentation / procedures / policies / manuals
• Understand the impact of non-delivery or substandard performance
• Assist Business MLCO with the customisation and operationalisation of Group AML/CFT Standards and Policies.
• Conduct monitoring exercises to ensure AML/CFT compliance in business
• Identify deficiencies in compliance measures and determine appropriate remedial action plans (timeframes and responsibilities)
• Provide adequate and relevant training to stakeholders that will be delivered in a concise and clear manner
• Develop generic AML/CFT training material, at the various levels required
• Assist Business MLCOs with the development of targeted training material
• Actively and continuously promote a culture of compliance to ensure that Group Compliance and the Group AML function’s visibility is improved
• Co-ordinate and/or provide input into all AML/CFT initiatives within the Group
• Report all issues of non-compliance at the relevant governance structures and track remediation
• Assist with the compilation of the necessary reports and management information on behalf of Group AML and submit same to the relevant persons/ executive committees.
• Support Responsibilities
• Develop the necessary relationships with key stakeholders at the appropriate operational, Internal Audit, Compliance Assurance and/or IT level
• Attend AML/CFT meetings and forums, when required
• Monitor AML/CFT Compliance within the Group and recommend the appropriate remedial actions
• Represent Group Head AML in AML/CFT related communications
• Act as key external liaison and develop good working relationships with Regulators (FIC, SARB) & industry bodies within mandate
• Provide regular feedback to line manager and escalate material compliance-related risks/issues to the Head: AML: PBB & Wealth
• Be meticulous in administration, record keeping and reporting.

Key Competencies:

• Team Orientated
• Initiative
• Problem Solving
• Innovation
• Attention to Detail/
• Analytical
• Prioritisation skills
• Change Prone
• Work under Pressure
• Verbal Skills
• Quality Orientation
• Strategic Planning and Reporting
• Legal Knowledge
• Policy Development & Implementation
• Policy Drafting & Monitoring
• Banking Expertise
• Knowledge re Regulatory Requirements, Local & International
• Conceptual Thinking

go to method of application »

Job description

Closing Date: 27 July 2017

Job Main Purpose:

To manage and integrate operational risk practices across the portfolio of countries (currently Nigeria, Kenya, Uganda, Zambia, South Africa, Namibia and Botswana). This includes specialist sub operational risk types such as Information Risk, Outsourcing Risk, BCM (Business Continuity Management, change risk and Capital Allocation and to oversee the operational financial risk, from an organizational perspective.

FORMAL EDUCATION & EXPERIENCE:

• BCom / BCom Hons or relevant degree with risk management experience in financial services. Alternatively, Internal Audit experience in financial services.
• Minimum of 7 or more years’ experience in the:
• Experience ideally covering a broad range of processes/products across insurance, asset management and pension funds
• Performing “non-routine” and diversified activities either in operational risk management, Internal Audit or within business unit operations.
• Knowledge of IT processes, ideally as well as Operational Risk management practices.
• Ideally to have Knowledge of the Insurance regulatory environment
• Conceptual understanding of:
• Investment management
• Balance sheet management
• Funds transfer pricing
• Capital allocation
• Asset liability management

RESPONSIBILITIES:

Primary Responsibilities

• To reduce Operational Risk where appropriate in a cost-effective manner.
• To report monthly to Business Unit and Group Operational Risk management on the level of Operational Risk, the activities underway to reduce risk and to escalate areas of concern.
• To assist the business units in implementing adequate Operational Risk management processes to meet regulatory and Group requirements.
• To ensure that all subsidiaries complies with the Group’s Operational Risk management framework and policies.
• Facilitate the regular review and update of operational risk assessments.
• Operational Risk events – Capture (where required), review and perform causal analysis.
• Monitor progress on actions required to improve controls and escalate where necessary.
• Review and follow up month end reports.
• Review BU Key risk indicator information and ensure that BU is responding adequately to minimise Operational Risk.
• Follow up issues reported by Internal Audit to ensure management action is taken to resolve.
• Review Data quality in the Operational Risk management system.
• Produce monthly reports for Group Risk Committee and BU’s.
• Review of activities to assess compliance with Group Operational Risk policies.
• Operational Risk Pillar 2 scenario analysis and associated capital calculations.
• Support Responsibilities
• Activities to ensure the readiness of the Group for business disruptions. Including preparation for Business Continuity tests.
• Training of BU staff.

KEY COMPETENCIES

• Strong problem solving capabilities
• The ability to interact in a team-environment and manage a team
• The ability to find innovative solutions to complex and often unusual challenges
• Strong attention to detail
• Ability to use initiative
• Ability to effectively and efficiently prioritise
• Flexible and adaptable
• Able to handle pressure
• Strong Communication skills