About the position
- First Line Risk and Control Environment: You're tasked with ensuring that the core components of the risk and control environment-Processes, Systems, and People-are not only designed and implemented effectively but also continuously monitored. This involves overseeing the day-to-day operations to mitigate potential risks promptly.
- Risk Reporting and Escalation: You'll play a crucial role in risk reporting, ensuring that pertinent risk information is communicated promptly and accurately to the relevant stakeholders. Additionally, you'll assist in escalating risks appropriately, ensuring that necessary actions are taken to address them.
- Remediation Plans: When risks are identified, you'll help devise and implement remediation plans to mitigate them effectively. This involves collaborating with various teams to address any shortcomings in processes, systems, or personnel.
- Keeping Business Units and the Bank Informed: It's essential to keep all stakeholders informed about risk trends, factors, and regulatory requirements related to operational risk management. This ensures that everyone is aware of potential risks and the measures in place to address them.
- Risk Consideration in Business Banking Solutions: You're responsible for ensuring that all solutions developed within Business Banking take into account the associated risks. This includes products, channels, and services, and necessitates implementing appropriate controls to mitigate these risks effectively.
- Documentation and Compliance: You'll ensure that all identified risks are thoroughly documented and managed in accordance with the Bank's Risk Management approach. Compliance with regulatory requirements is paramount, and you'll play a key role in ensuring adherence to these standards.
Bachelor of Commerce degree/ Risk and compliance qualification/ or equivalent banking qualification
Desired Skills:
- Risk Management
- Analytics
- Regulatory Knowledge
- Ethical Judgment
Desired Work Experience:
Desired Qualification Level:
About The Employer:
A South African retail bank that offers a range of financial products and services, including personal loans, savings accounts, and insurance products. I
