Risk Officer

Responsibilities Financial Metrics/Operational Duties Risk Identification And Analysis Conduct comprehensive risk assessments across designated business units (business functions such as operations, marketing, IT, customer services, and other relevant areas of business), identifying both internal and external potential risks. Conduct risk assessments and evaluate the effectiveness of existing risk controls in the designated business units. Assist in the identification of both operational and strategic risks that could impact the Business Unit. Evaluate risk data and recommend improvements or mitigation strategies based on risk analysis. Utilize qualitative and quantitative methods to assess the likelihood and impact of identified risks. Stay updated on emerging risks and industry trends to proactively identify potential threats to the organization. Risk Ownership And Monitoring Monitor daily risk activities within the designated business units and ensure that any emerging risks are reported and addressed promptly. Regularly update the Risk Register for the assigned business units and report on risks to the Risk Manager. Regularly review the information held on the risk management system (LexisNexis) to identify issues with quality of the information – working with the business to improve quality and maintain accuracy. Perform other duties as reasonably required to support the effective management of enterprise risks and contribute to the overall success and maturity of the risk management function. Risk Mitigation And Control Implementation Collaborate with the Risk Manager to develop and implement and embed effective risk mitigation strategies into operational processes. Ensure that business units follow established risk mitigation and control measures, and monitor the implementation of these controls. Ensure that identified risks are mitigated through appropriate actions, and that the business units maintain compliance with risk management policies. Conduct the risk and control self-assessments (RCSA) within the business unit. Track remediation plans and agreed control improvements. Monitor the effectiveness of remediation plans and agreed control improvements and make adjustments as needed. Investigate incidents and accidents to determine root causes and develop corrective actions to prevent re-occurrence (apply root-cause analysis and other problem solving techniques). Coordinate and schedule meetings, administration and support the Enterprise Risk Management Team with the development of training materials to promote risk awareness. Governance And Compliance Ensure the designated Business Units comply with gambling industry regulations, including responsible gambling practices, data protection laws, and other relevant industry guidelines and standards. Support the designated Business Units in ensuring compliance with all the applicable laws, regulations legal standards and guidelines. Advise business leadership on potential regulatory risks and compliance implications. Reporting And Communication Collaborate with designated Business Units’ stakeholders to gather and compile risk-related information (including, detailing risk activities, emerging risks and compliance status) and reports and assist in the dissemination of information as required. Prepare clear and concise risk reports for senior management and relevant stakeholders, highlighting key risks and mitigation plans. Regularly report on the risk status within the designated Business Units to the Risk Manager, highlighting key risks, mitigation efforts, and their effectiveness. Effectively communicate risk information to diverse audiences, tailoring the message to their level of understanding. Promote a positive Risk Management culture/awareness within the Business Unit. Behavioral Skills And Competencies Strong analytical and critical thinking skills to evaluate complex risks. Attention to detail and accuracy in data entry and documentation, with a commitment to maintaining confidentiality and integrity of information. Excellent communication and interpersonal skills to build relationships and influence stakeholders. Leadership abilities to drive risk management initiatives and promote a risk-aware culture. Ability to work independently and as part of a team. Ability to adapt quickly to changing environments and priorities, maintaining effectiveness in dynamic situations. People Management Work effectively and efficiently with teams that are committed to organizational goals and initiatives. Identification of training as and when needed for team members. Adequate recognition of team member efforts and motivation of team members. Sustainable morale and team building. Monitoring of team member productivity, punctuality, breaks and smoke breaks etc. Promotion of a healthy, productive and fair work environment. Adhere to the principles of an ethical, honest, transparent, fair work environment. Communicate in a professional manner. Conduct performance review and promote a culture of compliance and integrity within the team. Compliance, risk, and quality Creating, maintaining, and enforcing company policies and procedures. Compliance with health and safety regulations (where applicable). Compliance with the relevant laws, regulations, and affiliated professional standards. Regular risk assessments and maintenance of the risk register. Intense focus on quality with regards to communication, capturing, documentation etc. Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can withstand scrutiny when enquiries/ investigations/audits take place. Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models/recons/audits - of which is substantiated by facts with no numbers in the formulas. Ensure the above (final version) and other documents are chronologically saved/backed up. Effectively deal with internal, external, SARS, BEE, and any other auditor/regulatory/oversight body in the normal course of business. Report suspicious behavior and fraud findings immediately. Promote declaration of all gifts. Promote non acceptance of kickbacks. Instances to be reported immediately. Promote declaration all conflicts of interest upfront. Promote a culture of confidentiality within the business with regards to the protection of personal information. Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence). Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment. Stay updated with changes in the relevant industry and changes to relevant Acts/Regulations. Growth and new markets/products Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics. Development of existing products/software. Ensure that measures are put in place and steps are taken to achieve short term, medium-term, long-term goals of the broader group. Assist with company projects or lead company projects as allocated from time to time. Drive continuous improvement initiatives based on industry best practices and regulatory updates. Qualifications Completed Matric Completed Degree in Risk Management or equivalent Computer literate Valid driver’s license 3 – 5 years’ experience in risk management (Risk Champion, Risk Co-ordinator, Risk Specialist etc) Proficiency in established risk management methodologies and frameworks (e.g., COSO Enterprise Risk Management Framework, ISO 31000 Standard, etc.) (Advantageous) Knowledge of relevant industry regulations and compliance standards (Advantageous) Proficiency in MS office tools – Excel, Power point, Word (Advantageous) Experience in using ERM software (e.g., LexisNexis) (Advantageous) Familiarity with gambling regulations and compliance requirements in various jurisdictions, ensuring adherence to legal standards (Advantageous) Previous experience in the online gaming industry, with a strong understanding of player behaviour and industry regulations (Advantageous) In-depth knowledge of sports betting markets, including odds calculation, betting types and market trends (Advantageous) #J-18808-Ljbffr