Manager: Operational Risk

The primary objective of this position is to manage delivery by a team of Operational Risk analysts, thereby contributing to the effective and efficient regulation and supervision of this risk type in the financial services industry Detailed Description - Provide strategic direction and leadership to a team of analysts in terms of the development of regulatory and supervisory framework/s and the ongoing supervisory practices, processes, protocols, tools, procedures and oversight in terms of Operational Risk in the financial services industry, including the operational alignment of supervisory programmes and targets. - Provide leadership within the Risk Support Department of the Prudential Authority (PA) and support the Divisional Head: Operational Risk and IT Risk in achieving the overall departmental objectives and all Operational Risk matters. - Provide technical assistance and guidance to a team of Operational Risk analysts and train new analysts in line with departmental objectives and advise them on changes within the global and local environment by staying abreast of international and national developments. - Manage team deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation. - Manage team performance and talent management, including the learning and development of team members and succession planning. - Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank (SARB). - Contribute to special projects in the PA. Job Requirements - a post-graduate degree in either Banking, Insurance, Commerce, Economics, Risk Management, Finance, Accounting or Audit. - at least eight years’ relevant working experience in the financial services or financial regulatory sector; and - two years or more proven experience of managing a team. The following would be an added advantage: - Further qualifications in any of the aforementioned. - FRM or PRM certification or Operational Risk audit experience. The following job-related knowledge and understanding is required: - an understanding of the Basel Core Principles for Banking Supervision. - an understanding of the Insurance Core Principles for Insurance Supervision. - a working knowledge of the various pieces of legislation and related supervisory frameworks applicable to financial institutions registered in South Africa and related entities. - an understanding of the key issues and risks facing financial institutions registered in South Africa and related entities, with a specific focus on Operational Risk. - knowledge of the SAM solvency framework. - knowledge and understanding of good corporate governance. - knowledge of, and experience in, the financial system, financial products, and risk models and systems. - knowledge of the Basel framework at both a theoretical and a practical level; and - knowledge of relevant Operational Risk management practices and standards. - understanding and experience in Operational Risk Audits and or Quality Assurance. The following job-related skills and attributes are required: - thought leadership. - problem solving and analysis. - financial and business acumen. - people management skills; and - influencing, building and maintaining relationships. How To Apply All interested parties are invited to apply. - All available vacancies will be visible. - To log in (right-hand side of the screen): - Is this your first visit to our Job Site? > Register today (ensure that you include all your qualifications and skills during the registration process); or - Already registered on our Job Site? > Already registered? > Login here. - Select Date posted > Last 3 weeks (in the dropdown menu). - Select the appropriate IRC number to view the full advertisement. **The Bank offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his or her experience and competence. **Ms Sarah Molomo ***Senior Manager: Recruitment and Selection ***Human Resources Department Currency ZAR Amount of Travel Work At Home