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  • Posted: Jan 28, 2025
    Deadline: Not specified
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    FNZ is a global FinTech firm, transforming the way financial institutions serve their wealth management customers. It partners with banks, insurers and asset managers to help consumers better achieve their financial goals. FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to fi...
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    1st Line Risk Specialist

    Job Overview:

    • The 1st Line Risk Specialist will play a critical role in identifying, assessing, managing, and monitoring risks and controls within their assigned business area. This role will ensure alignment with the organisation’s risk framework and supports the proactive management of risks in line with the company’s strategic objectives and regulatory requirements.

    Key Responsibilities:

    Risk and Control Self-Assessments (RCSAs):

    • Ensure RCSAs comprehensively include all key risks to provide a complete understanding of the risk and control profile.
    • Identify day-to-day key risks and controls within the respective business area, assess risk exposures, and establish action plans where required.
    • Take ownership of the bi-annual RCSA process for their team/department, ensuring timely and accurate completion.
    • Review, challenge, and sign off on RCSA results for the assigned area of business.
    • Monitor the implementation of action plans on an ongoing basis, ensuring timely completion.
    • Update risk and/or controls outside the formal update cycle as required.

    Standard Risk Assessment:

    • Lead and coordinate the Standard Risk Assessment process within 1st Line.
    • Collaborate with Business Management to:
    • Define risks and identify risk factors.
    • Conduct the Inherent Risk Assessment (IRA).
    • Document measures or actions taken to mitigate risks exceeding FNZ Risk Appetite.
    • Conduct the Residual Risk Assessment (RRA).
    • Finalize and present risk assessment reports to relevant governance forums.

    Risk Event Management:

    • Maintain accurate and complete Risk Event records as per internal standards.
    • Categorize Risk Events using FNZ’s risk taxonomy (cause, event, impact).
    • Ensure timely reporting of Risk Events within their area to all relevant stakeholders.
    • Identify root causes and implement actions to reduce the likelihood or severity of recurrence.
    • Ensure closure of actions with appropriate evidence and regular reporting.

    Escalated Root Cause Analysis (ERCA):

    • Identify and log Risk Events triggering the ERCA process.
    • Ensure the appropriate root cause analysis process is followed by the business/team, adhering to the established procedure.
    • Identify the causes of events and ensure actions are taken to prevent recurrence.
    • Consider the impact of major events on other business areas, applying lessons learned and taking preventative actions as needed.

    Risk Acceptance Process:

    • Manage the authority to accept risks within agreed exposure levels.
    • Ensure risks accepted outside the tolerance levels follow the prescribed risk acceptance process.
    • Review and ensure the Risk Acceptance form includes appropriate justification and sign-offs.
    • Submit completed Risk Acceptance forms for approval.
    • Monitor risks accepted for a defined period, ensuring adherence to timelines and follow-up actions.

    Monitoring and Reporting:

    • Review the business’ strategy and establish risk appetite and financial and non-financial tolerances.
    • Establish indicators to alert management to increasing levels of risk and ensure regular reporting to Senior Management and the Board for awareness and action.
    • Complete and submit the bottom-up Risk Appetite Annual Review for areas within the Risk Appetite Statement Owner remit.
    • Monitor the status of risks relative to the identified Risk Appetite, including associated Key Risk Measures and progress of remediation within 1st Line Forums.
    • Prepare regular reports and visual presentations for governance forums, highlighting:
    • Trends in risk events.
    • Root cause analysis results.
    • Key risk exposures and areas of concern

    Qualifications:

    • Bachelor’s degree in business, Finance, Risk Management, or a related field.
    • Minimum of 3-5 years of experience in risk management or a related role within a financial services or corporate environment.
    • Strong understanding of risk management frameworks, principles, and practices.
    • Excellent analytical and problem-solving skills, with a keen attention to detail.
    • Strong communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.

    Personal Attributes:

    • High ethical standards and integrity.
    • Strong organizational skills and the ability to manage multiple priorities.
    • Proactive and self-motivated with a strong sense of ownership and accountability.
    • Ability to work independently and as part of a team in a fast-paced environment.

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    Business Analyst

    Duties, responsibilities and accountabilities

    Analysis, Design and Solution Definition

    • Quickly understands the business issues and data challenges of the business
    • Identifies business process strengths and weaknesses and suggests areas of improvement. • Creates, documents, reviews and edits requirements, specifications, business processes and recommendations related to proposed solution.
    • Develops business, functional and system design specifications for client engagements
    • Ability to design and solve problems pro-actively
    • Technical Recommendation and Testing
    • Assist User Acceptance Testing efforts.
    • Assists development process in an Agile framework.
    • Ensures issues are identified, tracked, reported on and resolved in a timely manner.
    • Works with business personnel to identify required changes.
    • Communicates needed changes to Platform team.

    Communication

    • Facilitation of Platform team and business meetings, including JAD and workshops.
    • Delivers informative, well-organized presentations.
    • Understands how to communicate difficult/sensitive information tactfully.
    • Act as a Change-Agent for project and other initiatives
    • Effective Stakeholder Management
    • Technical Understanding
    • Understands the SDLC including application programming, database and system design, and QA.
    • Understanding the Application Support function will be beneficial.
    • Familiar working in an Agile and/or Hybrid Agile team.

    Problem Solving

    • Identifies critical issues with ease.
    • Able to identify Assumptions and Constraints, as well as Risks and Issues effectively and competent in the dealing thereof.
    • Exhibits confidence and an extensive knowledge of emerging industry practices when solving business problems
    • Business Management
    • Develops relationships with key business personnel that foster close ties.
    • Communicates effectively with business to identify needs and evaluate alternative business solutions.
    • Continually seeks opportunities to increase satisfaction and deepen relationships.
    • Manages expectations effectively.

    General

    • Conduct impact and feasibility assessments according to agreed standards and format and obtain sign off as per desired deliverables.
    • Deliver business and functional specification documents according to agreed standards and formats
    • Improves upon existing approaches by seeking opportunities to creatively transform current practices/processes into fresh alternative solutions
    • Prioritizes multiple allocated tasks effectively and contributes to the successful running of a project
    • Accurately prepares written business correspondence that is coherent, grammatically correct, effective, professional and engaging
    • Ability to communicate clearly and to guard all business relationships in a professional way

    Education, skills and specialist Knowledge required.

    Minimum Requirements

    • Degree/Certification in Business Analysis and /or Project Management
    • IIBA accreditation is preferred (Min CCBA or CBAP)
    • PRINCE2, PMP, AGILE, SAFE

    Industry Experience

    • 4-5 years of financial industry experience in an IT systems development role
    • 2+ years System Analyst experience at initial career stages - highly beneficial
    • 3+ years Credit or Retail Lending experience – highly beneficial

    Technology

    • Process methodology using BPMN and Process Flow diagrams
    • Understanding of BABOK and TOGAF
    • JIRA, Visio, MS Office
    • SharePoint

    Personal attributes

    • Demonstrable evidence of being able to work in a team of competent, respected professionals
    • Ability to communicate effectively verbally and in writing

    Core competencies

    Behavioural Competencies

    • Adaptability
    • Time Management & organisation
    • Professionalism
    • Professional development & working efficiently and effectively
    • Problem Identification/Solving
    • People & Team Working
    • Language proficiency: English
    • Interpersonal Skills
    • Integrity

    Technical Competencies

    • Analytical Ability
    • Reporting/Report Compilation
    • Computer Literacy

    Method of Application

    Use the link(s) below to apply on company website.

     

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