Operational Risk Analyst

About us, purpose, experience and qualifications

**about us**:
**purpose**:

- To provide accurate analysis, monitoring and meaningful reporting of operational risk within RMB. The role provides critical assurance and risk mitigation by providing a view as to the adequacy and effectiveness of the controls in place and where required assists in their development. A strong focus deals with the co-ordination, report preparation and presentations at all levels. The function is the custodian of operational risk awareness within the business.**experience and qualifications**:

- Minimum BCom or equivalent Degree
- Risk Management qualification advantageous
- Minimum 5 years operational risk experience within the corporate and investment banking environment
- Process engineering background would be advantageous for this role
- Competencies:

- Analysis and Attention to Detail
- Rule Orientation
- Building Relationships
- Verbal and Written Communication
- Business Insight and Risk Awareness
- Monitoring and Measuring**additional requirements**:
**responsibilities**:

- Facilitate the identification, assessment and relevant mitigation of operational risk in line with operational risk frameworks.
- Identify control gaps in processes and recommend remedial actions.
- Develop and recommend appropriate additional Key Risk Indicators (KRIs) if relevant (including the revision of thresholds when required)
- Analyse and investigate the causes for operational events/ breakdowns, ensuring that operational events are adequately addressed with both a long-term sustainable solution and interim mitigating controls.
- Review all key audit findings, assessing corrective actions taken and completed final closing.
- Conduct and co-ordinate control deep dive reviews for high-risk areas and/or emerging risks.
- Conduct control testing in line with approved assurance plan.
- Liaise with relevant stakeholders across the departments in order to ensure that operational risks remain within tolerance levels and that relevant information is reported.
- Keep appropriate operational risk management system up-to-date with all Operational Risk Framework components.
- Develop strategic and tactical responses with management to address risk exposures.
- Review the relevance and accuracy of data and reporting on an ongoing basis.
- Co-ordinate New Product Approvals and ensure the governance process is followed prior to execution.
- Engage with business and project teams to ensure that operational risk is identified, managed and mitigated prior to go-live of key projects
- Governance
- Escalate significant risks through the RMB governance structure.
- Provide updated feedback to relevant governance committees on progress of significant items.
- Log and report operational risk framework components onto operational risk system and to the various committees.
- Prepare the operational risk profile reporting for the relevant stakeholders/committees
- Build and maintain professional working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence and negotiate to achieve win-win outcomes.
- Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ requirements are delivered.
- Preserves relationships despite differing views and seeks mutual gains when addressing conflicts.
- Anticipates consequences and adapts problem solving based on continual feedback.
- Act speedily to resolve problems, queries and complaints
- Adapt communication styles to meet the needs of different audiences.
- Refer to legislation and policies when applicable and ensure alignment
- Self-management:

- Self-Starter
- Demonstrates pride in the organisation’s brand, services and products by consistently delivering on the brands promise.
- Plan and manage own workflow, anticipating obstacles, prioritising adequately and following through on objectives within agreed time-frames and according to quality standards.
- Stay relevant and up-to-date with legislations and new development.
- Maintain a positive attitude and respond openly to feedback.
- Handle stress in ways that do not negatively impact others.
- Take ownership of personal career development, leveraging formal and informal opportunities.
- Act in an ethical, transparent, and morally defensible manner, including highlighting unethical practices.
- Teamwork:

- Continually share, debate and communicate learning’s.
- Flag and debate issues constructively.
- Contribute to a friendly, co-operative climate in working with others to achieve collective goals.
- Be sensitive to others feelings, needs, values, views and attitudes and be courteous and diplomatic when dealing with difficulties and problems others may be experiencing (EQ).