Senior Operational Risk Advisor

7 days ago


Pretoria, Gauteng, South Africa South African Reserve Bank Full time
Operational Risk Advisory Role

The South African Reserve Bank is seeking a highly skilled Senior Operational Risk Advisor to join its team. As an integral part of the bank's operational risk management function, this role will focus on ensuring compliance with regulations governing operational risk and participating in internal capital-adequacy assessments.

About the Role

This is a key position within the bank that requires strong analytical skills, attention to detail, and excellent communication abilities. The successful candidate will be responsible for monitoring regulatory entities' exposure to operational risk, providing specialist support, and staying up-to-date with international best practices surrounding operational risk.

Key Responsibilities

- Participate in supervisory practices related to operational risk in regulated entities
- Ensure compliance with regulations governing operational risk
- Develop methods to analyse and interpret risk-based regulatory data submissions
- Monitor regulatory entities' exposure to operational risk
- Provide operational risk specialist support

Qualifications and Experience

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. A post-graduate qualification in any of the aforementioned fields, Financial Risk Manager (FRM) or Professional Risk Management (PRM), would be an added advantage.

Required Skills and Qualifications

- Post-graduate degree in Banking, Commerce, Risk Management, Accounting or Auditing
- Two to five years' operational risk working experience in the banking sector
- Knowledge of the Basel Core Principles for Banking Supervision
- Understanding of the Principles for the Sound Management of Operational Risk
- Understanding of the Principles for Operational Resilience
- Competence in basic office information technologies
- Analytical/problem-solving capabilities
- Strong verbal and written communication

Benefits and Others

This role offers the opportunity to work with a reputable financial institution, contribute to the development of operational risk management strategies, and enhance your professional growth.

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