Operational Risk Specialist

4 weeks ago

Cape Town, South Africa Metropolitan Life Full time

**Introduction**

Metropolitan is one of the oldest financial services brands in South Africa. With a 125-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security.

Metropolitan operates in South Africa, but the brand is also present in 12 African countries including, Namibia, Botswana, Kenya, Ghana, Nigeria, Lesotho, and Swaziland. Metropolitan provides financial wellness solutions that meet the needs of low income clients, including funeral insurance, health, savings, hospital cash-back cover, retirement solutions and life insurance.

**Role Purpose**

Identification, assessment and evaluation of operational risks in the business. Provide appropriate mitigation plans to the business and support the business with the implementation of such plans in order to prevent or limit financial exposure and operational risks.

**Requirements**:

- BCom Risk Management / Accounting / Financial Management or related degree
- Knowledge of applicable legislation landscape
- 5+ years’ experience in risk management or related
- Business acumen
- Stakeholder commitment
- Drive for results
- Leads change and innovation
- Critical thinking and inquisitive nature
- Reporting skills
- Problem-solving skills
- Methodical and systematic approach
- Planning skills
- Analytical thinking
- Attention to detail

**Duties & Responsibilities**
- The Operational Risk Specialist is a senior member of the risk management team and is accountable to drive the management of the risk program, implement the risk strategy and execute the risk management plan within the business and enable the business by providing overall risk guidance and insights to ensure that risks and opportunities are identified, measured and managed within acceptable tolerance levels or leveraged for optimal results.
- The Operational Risk Specialist is responsible for performing on-going monitoring and assessments of risks captured in the risk register to enable the identification of top risks, potential new risks or emerging risks.
- Supports the business in development and implementation of appropriate risk controls to mitigate such risks and associated incidents.
- Collaborates with internal partners to ensure adequate and effective key controls are designed and are operating effectively to mitigate identified risks in the risk register.
- Performs root cause analysis and identify risk exposures.
- Contributes to the development of and deliver risk training and awareness initiatives on behalf of the Risk team.
- Embedding an appropriate risk culture.

**INTERNAL PROCESSES**:

- Develop and implement operational risk system including monitoring and reporting tools
- Implement relevant operational risk policies and procedures
- Perform regular operational risk evaluation of key processes and systems
- In case of a suspected operational incident perform and prepare a detailed incident review
- Guide / coordinate mitigation plan development and implementation
- Challenge and test existing and new proposed processes for operational risk exposure
- Drive development of remedial plans with risk owners to manage risks to desired levels on an ongoing basis, ensure ongoing monitoring of remedial plans

**CLIENT**:

- Engage with business and process owners on an ongoing basis
- Advise management on emerging trends and potential operational risk threats to the business
- Review these processes and where necessary develop mitigating controls, process improvements and management plans to mitigate deemed weaknesses
- Feedback to business the outcomes of operational risk assessments and agree appropriate management actions
- Consult on setting risk appetite and thresholds
- Facilitate scenario analysis

**PEOPLE**:

- Develop and maintain a productive and collaborative working relationship with peers and stakeholders
- Manage the productivity of the supporting teams, balancing limited resources relative to significant volumes of operational processes and potential exposures
- Continuously develop business and emerging operational risk skills and knowledge of own and team
- Contribute to continuous innovation and enhancement of operational risk process, tools and system
- Engage and participate in industry bodies and with regulators

**FINANCE**:

- Identify and mitigate fraud trends to ultimately limit the total exposure due to operational losses
- Manage financial and other company resources under your control with due respect

**Competencies**
- Examining Information
- Meeting Timescales
- Producing Output
- Interpreting Data
- Checking Things
- Taking Action
- Providing Insights
- Upholding Standards

  • Operations Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Aquarius Specialist Recruitment Full time

    Our client is a very successful and prominent Asset Management company that has made big strides in asset gathering and building their AUM in the past five years on the back of a sound business strategy and excellent investment performance. Due to the growth in their business they now have a new position for an Operations Specialist to join their operations...

  • Operational Risk Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Metropolitan Life Full time

    IntroductionMetropolitan is one of the oldest financial services brands in South Africa. With a 125-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security.Metropolitan operates in South Africa, but the...

  • Senior Safety Risk Specialist

    4 weeks ago

    Cape Town, South Africa The Globevest Group Full time

    **Position**: Senior Safety Risk Specialist** **Salary**: Market related** **Location**: Cape Town** **Job type**: Permanent** **Industry**: Health and Safety** **Reference Number**: CWR.CH.SSRS.22112023** **COMPANY DESCRIPTION**: Our client is a market leader in providing professional, accredited and internationally recognized SHERQ services in...

  • Senior Safety Risk Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa The Globevest Group Full time

    Position: Senior Safety Risk Specialist**Salary: Market related**Location: Cape Town**Job type: Permanent**Industry: Health and Safety**Reference Number: CWR.CH.SSRS **COMPANY DESCRIPTION:Our client is a market leader in providing professional, accredited and internationally recognized SHERQ services in various industries. They are looking for a Senior...

  • Junior Claims Risk Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Health Solutions Full time

    IntroductionRole PurposeThe role incumbment will assist the Claims Risk Specialist with the management and recovery of benefit debt. This includes benefit overpayments and recovery per agreed acknowledgement of debt agreements concluded on behalf of the scheme.Requirements:Education: Matric or equivalent qualification BCom degree or equivalent accounting...

  • Risk & Control Assurance Specialist

    4 weeks ago

    Cape Town, South Africa Metropolitan Life Full time

    **Introduction** Metropolitan is one of the oldest financial services brands in South Africa. With a 125-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security. Metropolitan operates in South Africa, but...

  • Risk Management Placement Specialist

    4 weeks ago

    Cape Town, South Africa Marsh Full time

    Marsh is the world’s leading insurance broker and risk adviser. With more than 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk,...

  • Risk & Control Assurance Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Metropolitan Life Full time

    IntroductionMetropolitan is one of the oldest financial services brands in South Africa. With a 125-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security.Metropolitan operates in South Africa, but the...

  • OPERATIONAL RISK SPECIALIST – Gain Large Scale Risk Management expertise, leveraging actionable insight for SA’s leading asset

    4 weeks ago

    Cape Town, South Africa Acuity Consultants Full time

    Job Description This is a brilliant opportunity for an OPERATIONAL RISK SPECIALIST to gain Large Scale Risk Management, Compliance, and Operational Management expertise, while leveraging actionable insight for optimized efficiency & client service for South Africa’s leading asset & wealth management platform. This opportunity is based in Cape Town...

  • Risk Specialist: Manco

    2 weeks ago

    Cape Town, Western Cape, South Africa Tracking Talent Full time

    A multinational Investment Management company is seeking a Risk Specialist with "Manco" experience to join their Investor Services & Products team. This role will be responsible for the implementation of effective risk management policies and procedures to identify, measure, manage and monitor, on an on-going basis, all market risks relevant to the...

  • Clinical Operations Specialist

    3 weeks ago

    Cape Town, South Africa IAVI Full time

    **Position Description** **Job Title**:Clinical Operations Specialist **Location**: Cape Town, or Remote in South Africa **Reports to**: Associate Director, Clinical Operations **Position Summary**: Help IAVI translate science into global health impact as a Clinical Operations Specialist! IAVI is seeking an ambitious Clinical Operations Specialist (COS),...

  • Operations Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Network Recruitment Full time

    Job & Company Description: This well-known investment company in South Africa is on the lookout for an Operations Specialist to join their team If you are seeking a company with vast experience and 20 years of success, then this is the organisation for you If you are an individual that is equipped in enhancing business processes and improving operations,...

  • Operations Specialist

    3 weeks ago

    Cape Town, South Africa Network Recruitment Full time

    Job & Company Description: This well-known investment company in South Africa is on the lookout for an Operations Specialist to join their team! If you are seeking a company with vast experience and 20 years of success, then this is the organisation for you! If you are an individual that is equipped in enhancing business processes and improving operations,...

  • Operations Specialist

    3 weeks ago

    Cape Town, South Africa Adzuna ZA B C2 Full time

    Job & Company Description:This well-known investment company in South Africa is on the lookout for an Operations Specialist to join their team! If you are seeking a company with vast experience and 20 years of success, then this is the organisation for you! If you are an individual that is equipped in enhancing business processes and improving operations,...

  • Operations Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Aquarius Recruitment Full time

    Our client is a very successful and prominent Asset Management company that has made big strides in asset gathering and building their AUM in the past five years on the back of a sound business strategy and excellent investment performance. Due to the growth in their business they now have a new position for an Operations Specialist to join their operations...

  • Operations Specialist

    3 weeks ago

    Cape Town, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Cape Town- Salary- R850k - R650k- Job Type- Permanent- Education- CA(SA)/ BCom (Hons) with accounting- Experience- 4-6- Reference- OS090721JP- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847Our client, an investment company based in Cape Town, is currently seeking an Operations Specialist to join their operations...

  • Operations Specialist

    2 weeks ago

    Cape Town, Western Cape, South Africa Hire Resolve Full time

    Hire Resolve's client in the Investment Industry is urgently seeking a highly skilled Operations Specialist to join their team in Cape Town.ResponsibilitiesPosition within the operations team, principally as an operations specialist.The Purpose of this role is to contribute to and promote robust operating procedures across the investment management business...

  • P&Ci: Specialist: Risk Management, Assurance and

    2 months ago

    Cape Town, South Africa Isilumko Staffing Full time

    **P&CI: Specialist: Risk Management, Assurance and Process Improvement: permanent Position: Stellenbosch** The core activities PCI Specialist are to support the P&CI Managers in the following areas to become a trusted partner for Local Management and Functions in achieving business objectives: **Control Monitoring**: Adequately monitor and report on the...

  • Senior Risk Analyst

    3 months ago

    Cape Town, South Africa Talent Match Consulting Full time

    A leading Investment company based in Cape Town is searching for a Senior Risk Analyst to join their team. Job description: Will be responsible for overseeing all risk management activities for Distribution Wealth, performing accurate and independent analysis in relation to risk items (including operational incidents), and then present findings to the...

  • Actuarial Analyst

    1 week ago

    Cape Town, South Africa Risk Management Full time

    **Introduction** Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings,...