Associate Operational Risk Analyst

2 weeks ago


Pretoria, Gauteng, South Africa South African Reserve Bank Full time
Job title : Associate Operational Risk AnalystJob Location : Gauteng, PretoriaDeadline : April 10, 2025Quick Recommended Links
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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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