Group Operational Risk Tools and Process Lead

2 weeks ago

Johannesburg, South Africa FirstRand Full time

Job Description

To manage the operational risk of the FirstRand Group by the execution and adoption of the Operational Risk Management Framework which includes risk identification, assessment, management, monitoring and reporting of risks, with particular focus on Risk and Control Assessments, key risk indicator monitoring, control assurance, Change risk management and monitoring, as well as overall risk reporting.

Additionally the purpose of the Group Operational Risk Tools and Process Lead is to enable and enhance the operational risk analysis and automated reporting across all operational risk tools. This role also has the responsibility to manage and maintain all risk systems within its ambit.
- Ensure that Architecture, Technology and Tools have clearly defined objectives based on Group requirements and ensure that Architecture, Technology and Tools covers all operational risk categories and ensure that Architecture, Technology and Tools are able to identify areas of weakness that require solutions
- Develop and maintain the Tools Matrix and Tools Roadmap. Document existing (as is) Matrix of BU's operational risk category, tools and dimensions and identify gaps and evaluate all tool decisions and determine whether they should be built or bought.
- Set-up, maintain and monitor the SLA of all tools/systems and identify and determine whether tools/systems should be owned by the department or the business unit and set-up, maintain and monitor the SLA of all tools/systems.
- Ensure that tools and technology meet performance standards and measure tool/system effectiveness and maintain and monitor tools rules and perform analysis of new/changing measures of operational risk
- Supervise/assist deployment team members to ensure timeous and quality delivery of process deployment delivery in line with internal policy (including change management).
- Ensure significant issues are identified, discussed and escalated (where required) early in the process and tracked for resolution via the required forum
- Offer technical and professional guidance to stakeholders
- Lead the identification, embedment and execution of a comprehensive control framework for the functional area
- Create, encourage and influence a culture of appropriate control execution and escalation, thus reducing model risk where possible
- Evaluate Risk Management tool selection and efficiency decisions and determine whether they should be built or bought
- Set-up, maintain and monitor the service level agreements (SLA’s) for all risk management tools and systems and support with the insights analysis to enable fulfilment of SLA’s
- Develop technology, tools and infrastructure cost management targets and ensure that technology, tools and infrastructure are cost effective in order to achieve cost management targets
- Develop and implement comprehensive change risk management frameworks to identify, assess, and mitigate risks associated with organizational changes.
- Collaborate with cross-functional teams to assess the impact of proposed changes on business processes, systems, and stakeholders.
- Conduct risk assessments and provide recommendations to senior management regarding potential risks and mitigation strategies.
- Establish and maintain effective communication channels to ensure timely identification and escalation of change-related risks.
- Monitor industry trends and best practices in change risk management to continuously enhance organizational capabilities.
- Prepare and present regular reports on change risk management activities to senior leadership.
- Manage key stakeholders by ensuring their issues, objectives and priorities are reflected in the agreed solutions, both individually and through delegation and management of subordinates.

Job Details

Application Closing Date

22/02/24

  • Third Party Operational Risk Reporting Lead

    4 weeks ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Third Party Operational Risk Reporting Lead FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them,...

  • IT Risk

    4 weeks ago

    Johannesburg, South Africa eSoft Development and Technologies Full time

    The IT Risk and Governance (RAG) Lead is responsible to continuously managing and assessing the IT landscape from a risk, audit and governance perspective. The role is responsible for formulating the IT governance framework for the business and for ensuring adherence and compliance to the said framework. The monitoring and reporting capabilities associated...

  • Specialist: Risk

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Group Conduct Risk Manager

    4 weeks ago

    Johannesburg, South Africa Nedbank Full time

    **Requisition Details & Talent Acquisition Contact** - REQ 128378- Tshego Semenya**Cluster** - Group Risk**Career Stream** - Enterprise Wide Risk Management **Leadership Pipeline** - Manage Self: Professional **Position** - Group Conduct Risk Manager**Job Purpose** - To monitor the implementation of the Conduct Risk Management Framework and related...

  • Senior Manager: Risk

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Operational Risk Administrator

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To...

  • Group Risk Actuary

    4 weeks ago

    Johannesburg, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Actuary Jobs in Johannesburg- Salary- R1.3mil - R1.5mil- Job Type- Permanent- Education- FASSA/FIA- Experience- Minimum 5 - 10 years’- Reference- 030921FJGRA01- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847An amazing opportunity for a Fellow Actuary with a leading financial services group has opened. Must be a...

  • Consultant Ii

    4 weeks ago

    Johannesburg, South Africa ERM Group Full time

    ERM is looking for a motivated Technical Risk / Process Safety Consultant to join its Africa Safety Service and Technical Risk team in Johannesburg, South Africa. **Responsibilities**: As a consultant joining our team, your key focus will be to support the successful delivery of ERM projects. Technically, the consultant should have experience in some or all...

  • Specialist Risk

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To...

  • Risk Specialist

    4 weeks ago

    Johannesburg, South Africa SPECD (Pty) Ltd Full time

    Gauteng, JHB - Northern Suburbs - Hourly Basic Salary (Market related, Negotiable) **A banking client is seeking to hire an experienced and qualified RISK SPECIALIST to spearhead the optimization of technology change within the corporate technology business unit of the bank.** **The role involves leveraging Lean Control and other initiatives to facilitate...

  • Process Safety

    4 weeks ago

    Johannesburg, South Africa ERM Group Full time

    At ERM, we have the opportunity, every day, to make an impact at scale with our clients to solve global climate, carbon, ESG, and sustainability challenges. We work on challenging and interesting projects with influential and exciting clients to get real results. In our professional business enablement functions, we provide solutions, advice and services to...

  • Operational Risk Head

    4 days ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To align, support and implement the functional risk practices in line with the FirstRand risk framework and business requirements to minimize risk exposures and optimize business performance. - Model Risk Management experience - Proven track record in managing operational risk maturity across 1st and 2nd line - Data Information Management -...

  • Team Lead: Risk, Governance and Compliance

    4 weeks ago

    Johannesburg, South Africa Sanlam Full time

    What will you do? To Manage the Risk, Governance and Compliance function within Distribution Operations What will make you successful in this role? Compliance and Risk Management Undertake to fully understand the content and impacts of all the relevant Compliance related legislation and requirements for the FSP. Be able to translate and interpret these...

  • Group Risk and Internal Control Specialist

    4 weeks ago

    Johannesburg, South Africa Fempower Personnel Full time

    **Duties and Responsibilities**: - Facilitate workshops with Departmental Managers (Risk Owners) and Risk Champions - Identify, categorize, assess, rate risks, and develop appropriate mitigating controls - Capture the resultant risks on the risk management tool and maintain the maintenance of the registers of risks through regular updates - Compile audit...

  • Group Legal Risk and Compliance Manager

    6 days ago

    Johannesburg, South Africa Cortez Executive Search (Pty) Ltd Full time

    The purpose of the Group Legal risk and compliance manager is to strategically oversee the legal risk and compliance department which includes the following functions, Statutory, Legal contract, data security; and OHS management. Risk and contract management is a core focus of the role. The LRCM will support operational infrastructure and efficiencies,...

  • Global Security Operations Center: Shift Lead

    4 weeks ago

    Johannesburg, South Africa The Arcfyre Group Full time

    The Arcfyre Group is looking for an experienced shift lead who will manage and ensure the safety and security of all our clients and staff worldwide by providing a pro-active support function, through identifying early warning risks and possible threats in areas where clients and teams travel, stay or operate. **Minimum requirements** - 5 years’...

  • Specialist: Risk

    4 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary Ensure...

  • Risk Officer

    1 day ago

    Johannesburg, South Africa Network Recruitment Full time

    Reporting to the Head of Risk, this Risk Officer will be required to safeguard the organization by identifying and managing any threats to the achievement of business objectives from a operational point of view. Duties: Development and updating of risk management policies and procedures Risk methodology and process implementation Risk register...

  • Risk Officer

    24 hours ago

    Johannesburg, South Africa Network Recruitment Full time

    Reporting to the Head of Risk, this Risk Officer will be required to safeguard the organization by identifying and managing any threats to the achievement of business objectives from a operational point of view. Duties: Development and updating of risk management policies and proceduresRisk methodology and process implementationRisk register...

  • Operational Risk Analyst

    4 weeks ago

    Johannesburg, South Africa Nedbank Full time

    **Requisition Details & Talent Acquisition Contact** - REQ 130585- Tshego Semenya- Location: Johannesburg- Closing date: 5 December 2023**Cluster** - Group Risk**Career Stream** - Operational Risk**Leadership Pipeline** - Manage Self: Technical **Position** - Operational Risk Analyst**Job Purpose** - To support the operational risk manager in the...