New Opportunities 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

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Job Description

Analyse credit data to estimate degree of risk in extending credit or lending money
Consults with management to assist in corporate planning

• Maintains own professional development
• Maintain customer database
• Analyse reasonableness of credit impairment and related matters
• Responsible for areas granting credit

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Job Description

To provide guidance on appropriate architecture to assist Hyphen to achieve its business and IT strategies and reduce cost and complexity through the implementation of common standards and principles.

• Increase operational efficiency and suggest solutions to enhance cost effectiveness. 
• Drive business profitability in the context of cost management through Information technology solutions 
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME's, project managers and senior staff members by providing input to business requirements. 
• Liaise and communicate the system requirements to the necessary audiences e.g. testers, developers, business analysts.
• Comply, understand and implement all steps within IT development and meet governance in terms of legislative and audit requirements.
• Define and document each function that the system is required to perform and the functional boundary of the system by defining and analyzing the required. 
• interactions between the system and its environment in terms of interface constraints to ensure that business needs/requirements are satisfied by the system requirements. 
• Analyse the integrity of the system requirements and perform a risk assessment on each requirement and document and maintain the set of system requirements together with the associated rationale, decisions and assumptions. 
• Manage traceability between the system requirements and derived artefacts. 
• Explore ways to constantly improve quality of existing services, processes and systems in order to be more efficient. 
• Proactively engage with business units and colleagues to understand underlying needs and opportunities and identify Information Technology (IT) innovative solutions in a timely manner. 
• Manage own development to increase own competencies.

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Job Description

The Chief Commercial Officer is responsible for leading, developing, and executing the strategic business development activities, and strategic relationships, and leading transformation in the team by guiding the management team

The Chief Commercial Officer will provide support in the successful management of the pricing and profit margins written on new and existing business and lead the processes that deliver on product and services innovation, product and service pricing, product research and development, and the development of scenario planning for the generation of revenues, and growing market share profitably

• The Chief Commercial Officer acts as a sparring partner to the Chief Executive Officer and Business Functional Heads on issue identification and finding of appropriate solutions and actions related to sustainable growth and development of the business.
• Evaluate and understand gaps in the current footprint and industry-specific service offering.
• Assist with the thinking and actions to organically grow the business by evaluating the current service offering and comparing to best practice.
• Work with the Projects and Operations to proactively determine product and system gaps (due to system defects, inappropriate designs, etc.) and assess pricing projects and initiatives appropriately in terms of cost/benefit analysis to ensure alignment with business objectives.
• Manage pricing exception and develop new products with a focus on innovations
• Assist the organisational teams to identify and target potential new principals
• Develop strategies and plans to target these companies
• Evaluate current service offerings to Principals, and identify opportunities for expansion by adding additional revenue-generating activities.
• Be the main divisional point of contact for all Business development-related inquiries, projects, and deliverables for the industry.
• Participate in financial modeling of top-line and P&L scenarios, confidently managing imperfect information.
• Reduce planning uncertainties through a solid understanding of qualitative and quantitative market dynamics.
• Track and optimize product sales across channels.
• Oversee and develop continuous analyses and understanding of the organization value proposition (pricing, rewards, product features, channel enablement) relative to the competition and enhance product offerings to drive market share growth through tracking market share and developing actionable plans to reach our market share targets
• Focus on new markets and new business opportunities and or activities to generate additional income and revenue growth with pricing
• Develop and maintain partnership relationships with internal and external stakeholders to ensure the strategic initiatives are relevant to their needs by owning and managing the relationships and agreements with all external parties
• Monitor changes in legislation, regulations, initiatives, and relevant industry practices and implement appropriate interventions to ensure compliance with audit requirements for pricing policies and processes
• Demonstrate leadership behaviour through personal involvement, commitment, and dedication in support of organisational values
• Manage people by executing management responsibilities and create an environment that encourages employee growth and performance excellence

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Job Description

To support front office teams with confirmations, settlements and reconciliations across the various product sets.

• Demonstrate cost consciousness and awareness of personal contribution to costs and productivity.
• Identify and escalates potential risks that may lead to increased costs.
• Prevent wastage and identify process improvements to contain and reduce costs.
• Adhere to Organisational values and service standards and interact with and communicate with customers accordingly.
• Ensure first time resolution of customer queries or complaints and take ownership of any requirements
• and follow up on queries handed over to other parties or areas to ensure delivery on agreed timelines and Service Level Agreements.
• Meet set turnaround times while ensuring own availability, reliability and accuracy.
• Propose improvements on internal processes that impacts service levels and customer satisfaction within
• area of accountability.
• Ensure own product knowledge and guidance provided is technically accurate and collects feedback to help
• improve customer service.
• Establish relationships with relevant individuals and departments to deliver on work expectations.
• Adhere to relevant service level agreements to build trust in the relationship.
• Execute own work in accordance with the organisational values and code of ethics.
• Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution.
• Identify and escalate risk as normal part of work.
• Produce high quality work by adhering to predefined standards and procedures and in accordance with
• compliance and governance standards.
• Work with enhanced processes and procedures to maintain operational efficiencies.
• Deliver work in an accurate manner to ensure consistent results.
• Draw on knowledge and experience to identify and develop solutions that leads to improved service delivery and quality.
• Adhere to quality standards, turnaround times and Company policies and procedures.
• Complete relevant administration, reporting and updating of information accurately and on time.
• Provide timeous reports on operations, performance and audit findings.
• Report on transactional activity progression within set guidelines to provide timely information for decision
• making in area of accountability.
• Display attention to detail in checking instructions and ensuring trades are booked correctly on source systems.
• Monitor exceptions on confirmations that have been electronically generated.
• Ensure confirmation processing is within KRI deadlines.
• Monitor and follow-up outstanding confirmations in line with specific business requirements.
• Following stakeholder confirmation, perform settlements.
• Display accuracy and attention to detail in ensuring settlements are correctly processed in line with
• minimum standards.
• Monitor system alerts to confirm that settlements occurred successfully.
• Build and maintain professional working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence and negotiate to achieve win-win outcomes Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders requirements are delivered Preserves relationships despite airing conflicting views and seeks mutual gains when addressing conflicts.
• Anticipates consequences and adapts problem solving based on continual feedback Act speedily to resolve problems, queries and complaints.
• Adapt communication styles to meet the needs of different audiences.
• Analyse previous day's Exception Report and attend to any open items Investigate and resolve open exception items and escalate to relevant stakeholder(s) for resolution.
• Understand process flows in order to identify which systems are causing mismatches Liaise with clients, BT and or Dealers to resolve discrepancies, bugs and general issues.
• Seek out regular performance feedback and put actions in place to improve and enhance performance.
• Identify activities to address own development gaps.
• Create own personal development plan and review plan with team leader or manager.
• Understand which competencies and skills are required to be mastered to ensure personal development and performance.
• Keep abreast of learning opportunities, changing products and trends.
• Contribute to teamwork and inclusivity by working together to achieve team goals.
• Value individual contributions and respects diversity in the team.
• Share information and knowledge that benefits the team.

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Job Description

• To perform complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing, ensuring timely escalation, to minimize riskDisplay accuracy and attention to detail in ensuring settlements are correctly processed in line with minimum standards
• Monitor system alerts to confirm that settlements occurred successfully
• Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution Identify and escalate risk as normal part of work
• Ensure adherence to the established procedures, ensures accuracy and validity of all details of each trade transaction executed by a trader
• Ensure transactions not executed by a trader are accurately reflected in the system
• Facilitate timely and accurate communication/notification of trades to the relevant parties.
• Ensure all trades executed in the trading system are processed in the company’s internal accounting system to prevent incorrect transaction or position data from being sent to various internal systems or reflected on reports which use data from the accounting system.
• Analyse previous day's Exception Report and attend to any open items Investigate and resolve open exception items and escalate to relevant stakeholder(s) for resolution
• Perform various daily reconciliation’s and investigate reconciliation breaks.
• Perform mapping needed in order to reconcile across systems.
• Responsible to reconcile positions daily and follow-up with Front Office if there are any issues.
• Understand process flows in order to identify which systems are causing mismatches and propose possible solutions
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
• Establish relationships with relevant individuals and departments to deliver on work expectations
• Adhere to relevant service level agreements to build trust in the relationship
• Compile reports that track progress and guide business to make informed decisions
• Partner and collaborate with team members to achieve team success
• Share information and knowledge that benefits the team
• Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement
• Ensure skills are transferred in specific functions
• Provide on the job coaching and guidance