Risk Manager

2 weeks ago


Sandton, South Africa Discovery Ltd. Full time

Business Unit:
Discovery Bank
Function:Risk Management
Date:6 Feb 2024
About Discovery
Discovery's core purpose is to make people healthier and to enhance and protect their lives.

We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery.

Our fast-paced and dynamic environment enables smart, self-driven people to be their best.

As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.


About Discovery Bank
Discovery Bank is a bank like no other - a shared-value bank, designed with our clients in mind.

We're all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards.

Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well.

If you're adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that's safe and nurturing.


Job Purpose

  • The
    Risk Manager for Assurance and Governance is accountable for the development and implementation of the governance and combined assurance programme for Discovery Bank on par with best practice.
  • The Risk Manager for Assurance and Governance maintains a strong governance framework and combined assurance framework and is responsible for ensuring compliance with the provisions of the applicable legislation and regulations.
    Areas of responsibility may include but are not limited to
  • Implement a combined assurance strategy and framework
  • Identify any areas of potential assurance gaps and duplication of resources within this framework
  • Develop and obtain approval for the annual combined assurance plans, assess adequacy and recommend corrective solutions for gaps or duplications within the plan
  • Monitor and report on progress against the combined assurance plan
  • Conduct biannual assessments for the Operational Risk Committee on the results of combined assurance
  • Partner with other Business Units to provide regulatory advice and guidance on quality assurance. Develop effective ways of working with Regulatory Compliance, Internal Audit and External Audit to ensure effective and efficient management of the integrated assurance programme.
  • Facilitate the escalation of risk and control issues requiring visibility by providing a cohesive and comprehensive view of assurance across the risk environment.
  • Providing an opportunity to identify gaps in assurance needs that are vital to the organisation, and to plug them (including using internal audit and compliance) in a timely, efficient, and effective manner.
  • Advise the Head of ERM on various aspects of the integrated assurance plan.
  • Design and implement effective governance processes to ensure that the assurance framework is operating as intended, including comprehensive reporting of audit and assurance findings, to provide assurance to EXCO and Audit & Compliance Committee.
  • Establish guardrails and governance framework to ensure adherence to process, compliance
- and regulatory requirements are communicated and complied with.

  • Develop and implement effective reporting for relevant stakeholders and Audit, Compliance and Risk Committee to ensure adequate risk awareness.

Personal Attributes and Skills

  • A sound knowledge of the financial / retail banking industry, the mechanics of its operation and its trends. Familiarity with banking specific and other relevant legislation and regulations (e.g. Banks Act, Basel, TCF, POPI) is useful
  • A Legal or Audit background will be advantageous
  • Quantitative skills to work with complex data
  • Communicate efficiently and effectively with the business at all levels
  • Facilitate workshops and conduct training

Education and Experience

  • Bachelor degree in Commerce, finance, law, audit, risk management or similar.
  • Minimum 8 years' experience in an Enterprise Risk and/or assurance
  • Minimum 3 years' financial services experience
  • EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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