Operational Risk Manager

3 days ago


Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time
Operational Risk Manager

The Operational Risk Manager will report to the Head of Enterprise Risk. This role involves overseeing the operational risk management framework and extending to other critical risk classes including Business Continuity, Third-Party, Data, Model, Fraud, and Technology (cyber or information security) risks. The individual will be instrumental in ensuring that these risk areas are managed in compliance with South African Reserve Bank (SARB) regulatory requirements and international best practices.

Duties & Responsibilities
  • Develop and implement an operational risk management framework that aligns with SARB regulations and international standards.
  • Work with the Business on its implementation specifically of the various operational risk processes:
    • Maintain an inventory of operational risk events including incidences
    • Development of Key Risk Indicators
    • Facilitating the implementation of the Risk and Control Assessment program across the organisation
    • Ensuring that for all new initiatives/material changes an adhoc change risk assessment is carried out prior to implementation or go-live
    • Oversee the identification, assessment, monitoring, and mitigation of operational risks across all bank operations.
  • Manage the Business Continuity Planning (BCP) process to ensure the bank's readiness to operate during and after disruptive events.
  • Conduct due diligence and ongoing monitoring of third-party vendors to manage risks associated with outsourcing and third-party engagements.
  • Implement robust data governance and model risk management practices to ensure the accuracy, completeness, and reliability of bank data and modelling processes.
  • Lead the fraud risk management program, including the development of strategies to prevent, detect, and respond to fraudulent activities.
  • Oversee the technology risk management framework, focusing on cyber and information security to protect the bank's digital assets and information.
  • Collaborate with IT, cybersecurity, and business units to enhance the bank's resilience against technology-related threats.
  • Prepare and present risk reports to the Head of Enterprise Risk, senior management, and relevant committees, providing insights into risk exposures, trends, and mitigation efforts.
  • Conduct training and awareness sessions to promote a risk-aware culture within the bank.
Desired Experience & Qualification
  • Bachelor's degree in Finance, Risk Management, Information Technology, or related field. A Master's degree or professional certifications (e.g., CISA, CRISC, FRM) is highly desirable.
  • Minimum of 5 years' experience in operational risk management within the banking or financial services industry, with a comprehensive understanding of the risk classes specified.
  • Proven track record of managing Business Continuity, Third-Party, Data, Model, Fraud, and Technology risks.
  • Deep knowledge of SARB regulations, Basel III, and other relevant international risk management standards.
  • Strong analytical, organizational, and leadership skills, with the ability to manage multiple priorities in a fast-paced environment.
  • Excellent communication and interpersonal skills, capable of working effectively with all levels of the organization and external stakeholders.
Package & Remuneration

Market related

#J-18808-Ljbffr

  • Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    Operational Risk ManagerThe Operational Risk Manager plays a pivotal role in ensuring the bank's operational risk management framework aligns with South African Reserve Bank (SARB) regulatory requirements and international best practices.This involves overseeing the operational risk management framework, extending to other critical risk classes including...


  • Durban, KwaZulu-Natal, South Africa Kairos Risk and Insurance Services cc Full time

    Job Overview:We are looking for a highly skilled Insurance Broker to join our team at Kairos Risk and Insurance Services cc.The successful candidate will be responsible for providing expert advice to clients on insurance policies, managing claims, and helping clients minimize short term insurance risk.To be successful in this role, you will need to possess...


  • Durban, KwaZulu-Natal, South Africa Farm Manager SA Full time

    We are seeking a highly skilled Farm Operations Financial Manager to join our team at Farm Manager SA. The ideal candidate will have a deep understanding of financial systems and be able to drive business growth through strategic financial planning.Key qualifications include:10 years of experience in financial management, preferably in an agricultural or...


  • Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    About the RoleWe are seeking an experienced Operational Risk Manager to join our team at Watershed Consulting.Key ResponsibilitiesDevelop and implement an operational risk management framework that ensures compliance with SARB regulations and international standards.Collaborate with the Business to implement various operational risk processes, including...


  • Durban, KwaZulu-Natal, South Africa Vector Logistics Full time

    Job DescriptionThe Security Operations Specialist will be responsible for conducting investigations into matters committed against the company or its employees, managing the investigative response, and developing risk management controls and systems.Key Responsibilities:Conduct investigations on behalf of Vector Logistics into matters committed against the...


  • Durban, KwaZulu-Natal, South Africa Network Recruitment Full time

    If youve got an eagle eye for detail, a passion for perfect systems, and the organizational superpowers to keep everything running like a well-oiled machine, we want YOUYou will be pivotal to their operational integrity by ensuring compliance with policies, legal standards and regulations, as well as overseeing Group compliance.The position involves the...


  • Durban, KwaZulu-Natal, South Africa Network Recruitment Full time

    If youve got an eagle eye for detail, a passion for perfect systems, and the organizational superpowers to keep everything running like a well-oiled machine, we want YOUYou will be pivotal to their operational integrity by ensuring compliance with policies, legal standards and regulations, as well as overseeing Group compliance.The position involves the...


  • Durban, KwaZulu-Natal, South Africa LexisNexis Risk Solutions Full time

    About the Job DescriptionThis Senior Business Process Analyst role involves contributing towards the improvements in our operational processes, policies, and supporting tools. The ideal candidate will have a Bachelor's degree in Management Information Systems, Systems Engineering, Computer Science, or Technology, or equivalent work experience.As a key member...


  • Durban, KwaZulu-Natal, South Africa LexisNexis Risk Solutions Full time

    Job OverviewWe are seeking a highly skilled Operational Process Improvement Specialist to join our team. This role involves contributing towards the improvements in our operational processes, policies, and supporting tools. As a key member of our Global Business Technology organization, you will lead problem-solving efforts, support research/design, and...


  • Durban North, KwaZulu-Natal, South Africa Network Recruitment Full time

    If youve got an eagle eye for detail, a passion for perfect systems, and the organizational superpowers to keep everything running like a well-oiled machine, we want YOU You will be pivotal to their operational integrity by ensuring compliance with policies, legal standards and regulations, as well as overseeing Group compliance. The position involves the...


  • Durban, KwaZulu-Natal, South Africa Armstrong Appointments Full time

    Armstrong Appointments is looking for an experienced Operational Risk and Compliance Expert to join our team on a 12-month fixed term contract.The primary responsibility of this role is to ensure that operational risks are mitigated, compliance is maintained, and exceptional service is provided to branches and clients.Main Functions:Ongoing Due...


  • Durban, KwaZulu-Natal, South Africa LexisNexis Risk Solutions Full time

    About LexisNexis Legal & ProfessionalLexisNexis Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world.We were the first to bring legal and business information online with our Lexis...


  • Durban, KwaZulu-Natal, South Africa Brilliant Professional Services Full time

    Brilliant Professional Services is seeking a highly skilled Security and Risk Management Specialist to join their team in Durban. The successful candidate will be responsible for ensuring the physical security and occupational health and safety of our premises.The role involves managing risks related to unauthorized access to information assets and systems,...


  • Durban, KwaZulu-Natal, South Africa ACB Consulting Full time

    Job Title: Risk Management SpecialistWe are seeking an experienced Risk Management Specialist to join our team at ACB Consulting. As a key member of our security department, you will be responsible for identifying and mitigating potential risks, developing effective controls to prevent security breaches, and ensuring compliance with security procedures.The...

  • Operations Manager

    4 weeks ago


    Durban, KwaZulu-Natal, South Africa Ulwandle HR Consulting (Pty) Ltd Full time

    Our client in the financial services sector is seeking a dynamic and experienced Operations Manager to join their team. This role is based in Durban, with potential travel across KwaZuluNatal. Valid driver's license and personal transportation are essential.Responsibilities: • Ensure that processes and systems are fit for purpose. • Identify and deliver...


  • Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    Job SummaryThe Operational Risk Manager is responsible for developing and implementing an operational risk management framework that aligns with South African Reserve Bank (SARB) regulatory requirements and international best practices.Main ResponsibilitiesDevelop and implement an operational risk management framework that ensures compliance with SARB...


  • Durban, KwaZulu-Natal, South Africa ACB Consulting Full time

    Job DescriptionWe are seeking an experienced Investigations Risk Manager to join our team at ACB Consulting. As a key member of our security department, you will be responsible for conducting thorough investigations, managing risk, and developing strategies to minimize security threats.The ideal candidate will have a strong background in risk management,...


  • Durban, KwaZulu-Natal, South Africa LexisNexis Risk Solutions Full time

    As a Senior Software Development Manager at LexisNexis Risk Solutions, you will lead complex software development assignments and provide direct input to project plans, schedules, and methodology.Job OverviewThis role involves performing software design across multiple systems, mentoring junior team members, and communicating with users/customers to...


  • Durban, KwaZulu-Natal, South Africa African Bank Full time

    The PositionAfrican Bank invites applications from qualified candidates for the position of Risk Analyst. The successful candidate will be responsible for managing Credit Risk, including the calculation of Credit Risk metrics and statistics related to concentration risk and non-performance of the loan portfolio.You will work closely with the Business Banking...


  • Durban, KwaZulu-Natal, South Africa Watershed Consulting Full time

    Job DescriptionThe successful candidate will be responsible for developing and implementing an operational risk management framework that ensures compliance with South African Reserve Bank (SARB) regulatory requirements and international best practices.Main AccountabilitiesDevelop and implement an operational risk management framework that aligns with SARB...