Risk Head

Job Description

Hello Future Risk Head I at FNB Marketing

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.

Overview of the role:

- Manage the risk profile by providing risk management strategies, tools, methodologies, measuring and reporting on the risk exposures across the end-to-end value chain. This entails capabilities across Digital Marketing, Insights/Analytics/Sponsorship & Events and brand execution for sub segments
- Embed effective risk partnership, collaboration and alignment across the different brands including WesBank/DA/RMB/Private Bank/BA and operational aspects across the brands in relation to each brands appetite and opportunities to leverage these
- Provide strategic guidance to senior leadership on risk related matters
- Influence the direction of business to ensure the strategic objectives at met

You will be responsible for:

- Draw up a budget aligned to tactical delivery plans to facilitate the provision of adequate financial resources.
- Manage expenditure planning and variances within approved budget parameters.
- Ensure optimised customer experience and service throughout the value chain.
- Establish mutually beneficial relationships with stakeholders that support thought leadership, innovative and integrated practice solutions.
- Provide risk management oversight across area of responsibility.
- Manage risk across multiple disciplines across area of responsibility.
- Understand and balance risk reward trade-off for strategic outcomes and business informed decisions.
- Understand business tools, processes and systems in order to provide required risk guidance.
- Engage with relevant stakeholders across segment / CoEs / Division or Group level to fulfil on risk mandate for area.
- Set risk appetite within the business to drive risk reward trade-offs.
- Engage with key stakeholders in order to determine risk posture for business Accountable for effective risk reporting.
- Enable business to drive risk maturity.
- Drive platform behaviour and thinking with relevant stakeholders across area of responsibility.
- Pro-actively managing Group Internal Audit in ensuring appropriate plan for business and manage audit findings as they arise based on level of risk attached to finding.
- Examine, verify, evaluate and report on financial, operational and managerial processes, systems and outcomes to ensure integrity and compliance.
- Assist in business process reviews, risk assessments, developing deliverables and reporting progress against outcomes.
- Ensure integrated view and reporting of relevant business information. Analyse information to identify trends, discrepancies and inconsistencies for decision making purposes.
- Ensure reporting of identified inconsistencies or opportunities.
- Use the insights gained through integrated business reports to measure success and realign tactical strategy implementation objectives appropriately.
- Analyse risk processes to minimise brand/product/segment risk and deliver quality requirements specifications.
- Manage implementation of risk mitigation plans in business unit.
- Manage SLAs for risk function and ensure these are managed accordingly.
- Provide input into, and implement, corporate governance, compliance, integrity and ethics policies in are of accountability to identify and manage risk exposure.
- Stays abreast of relevant industry risk management best practices and legislative amendments and suggests ways to leverage these to ensure continuous improvement.
- Creates risk awareness and manages audit findings.
- Participate in Group risk forums where required and cascades relevant information through team.
- Develop a legal, risk and compliance strategy for the business to proactively identify risks to the bank.
- Develop key performance indicators to measure risk outcomes.
- Execute defined business strategy by translating it into the business operations.
- Communicate policy modification, objective achievement progress and critical success factors to impacted stakeholders.
- Ensure the development and implementation of multiple practices in alignment with operational policy and procedural frameworks.
- Identify interconnected problems, determine its impact and use to develop best fit alternatives, driving best practice solutions. Be aware of, and responsive to local conditions.
- Influence the development of appropriate organisational structures, capacity and delivery systems.
- Implement best practices against the risk management framework and adjust practices as and when necessary.
- Establish a sound risk management culture through awareness of