Associate Operational Risk Analyst
2 weeks ago
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- Job by industries
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Participate in supervisory practices in relation to operational risk in regulated entities, including inspecting regulated entities' risk appetite and management practices with respect to operational risk.
- Ensure regulated entities' compliance with regulations governing operational risk.
- Develop methods to analyse and interpret risk-based regulatory data submissions.
- Monitor regulatory entities' exposure to operational risk, as reported to the PA under the various operational risk approaches.
- Give input and participate in internal capital-adequacy assessments of regulated entities in relation to operational risk.
- Give input and participate in recovery and resolution assessments of regulated entities in relation to operational risk.
- Provide operational risk specialist support.
- Contribute to risk-based meetings with regulated entities and their auditors.
- Inform the PA about the aggregate behaviour of regulated entities regarding operational risk.
- Stay abreast of international best practice and developments surrounding operational risk.
- Support the Divisional Head and Manager: Operational Risk regarding all operational risk matters.
Qualifications
To be considered for this position, candidates must have
- a post-graduate degree in Banking, Commerce, Risk Management, Accounting or Auditing; and
- two to five years' operational risk working experience in the banking sector.
The following would be an added advantage:
- a post-graduate qualification in any of the aforementioned, Financial Risk Manager (FRM) or Professional Risk Management (PRM).
Additional requirements include
- knowledge of the Basel Core Principles for Banking Supervision;
- an understanding of the Principles for the Sound Management of Operational Risk;
- an understanding of the Principles for Operational Resilience;
- knowledge of relevant components of regulations relating to banking and financial market infrastructures;
- knowledge of banking and financial market infrastructure products;
- an understanding of the key regulatory developments, issues and risks facing financial institutions registered in South Africa and related entities, with a specific focus on operational risk;
- competence in basic office information technologies;
- analytical/problem-solving capabilities;
- strong verbal and written communication;
- ability to work in a team and contribute to team success;
- decision-making abilities with the ability to initiate action;
- effective time management skills; and
- reliable own transport as the position requires regular travel.
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