Risk Manager

Job Description

To provide oversight in the identification, control implementation, monitoring and management of risk across the portfolio with a view to enabling the achievement of stated business goals and objectives, while maintaining adherence to the Group risk management frameworks to ensure they keep up with the changes in the business environment and are aligned to the In-Country business requirements and practical realities. (ORH 1).

Hello Future, Risk Manager

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

- Provide guidance and assist with requirements on changed or new risk tools
- Oversee the effective use of risk tools and monitor its effectiveness for the business
- Assist with preparation and analyses of reports for tabling at various Group Risk Committees
- Scrutinize risk reports submitted by the Subsidiaries and ensure reporting and tools are in line
- Ensure data integrity, data structures and business line mappings are correct
- Monitor workflow issues in loss data system. Document processes to enhance general ledger reconciliations and monitor data extractions for reporting purposes. Monitor documented requirements and project manage deliverables. Highlight risk areas through root cause analysis. Monitor action plans on various risk tools. Monitor risk reporting and escalate issues. Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in. Engage in cross-functional Group relationships to obtain and to provide work support. Deliver customer experience excellence aligned to Organisational values and service standards. Innovate by finding the best fit solution for the situation such as the flexibility of delivery and customised solutions which result in more efficient outcomes
- Ensure comprehensive risk assessments are conducted in relation to products, services and solutions that are developed by the business are appropriate to manage the risks within the approved risk appetite. Work with Subsidiaries to understand business, drivers, current concerns and future plans to mitigate risk to proactively identify and anticipate risks (including emerging risks). Identify, manage and mitigate interconnected / interdependency risks and provide relevant information to business and risk teams to appropriately manage and mitigate risk. Understand changes of applicable risk policies and communicate to relevant stakeholders accordingly. Keep abreast of relevant risk developments externally and ensure it is considered in the risk profile for the business. Ensure development of appropriate solutions to identify losses and risk exposures and facilitate the effective implementation thereof
- Ensure business continuity management plans are reviewed and tested and aligned to Group continuity strategy (bA is reported as a stand alone segment to Group and referenced to FNB, RMB and FCC at a franchise level). Assist business to identify risks inherent in key business processes, new products, business projects and key outsourced and insourced arrangements and critical third-party service providers. Ensure Subsidiaries has designed and implemented controls to manage the risks identified. Build a risk management culture through ensuring awareness campaigns to educate stakeholders to influence behaviour and drive the importance of compliance and good conduct
- Analyse business information, data and Subsidiary risk reports to identify trends and create qualitative risk status reporting with accurate and reliable business intelligence
- Prepare the relevant risk profile report in a format that is acceptable to senior management and Group and Segment risk governance committees and considers all key risks
- Ensure appropriate governance structures are in place in area of accountability
- Develop and communicate timelines for submission of relevant op risk reports to risk committee structures that align to Group Risk timelines. Escalate significant risk issues to management or Enterprise Risk Management and Group risk governance structures as relevant
- Review risk management documentation and risk reports to ensure achievement of relevant risk strategy. Track and report at the relevant forums and committees monthly on progress towards achieving the relevant risk strategy at defined intervals. Ensure all stakeholders have been engaged and information provided by Project Management Office (PMO) is reviewed and challenged to ensure accuracy. Escalate critical projects status to contribute to delivery against set timeline