Specialist: Operational Risk
1 week ago
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- Job by industries
About the role
- This role provides specialist expertise to drive proactive and effective risk identification, assessment, and management within Operations. You’ll play a pivotal role in developing and implementing operational risk policies, frameworks, and standards, ensuring a robust risk management approach at the process level. By establishing and executing comprehensive risk assessment practices, you’ll equip management with precise risk information, enabling informed decision-making on internal controls. Additionally, you’ll gather critical risk insights and prepare detailed reports for stakeholders on risk exposures, fostering transparency and accountability across the organisation.
Key Performance Areas:
Enable and Maintain Risk Processes and System Efficiencies
- Proactively monitor operational risk processes, identifying gaps and improvements.
- Continuously refine the user experience of risk systems and processes.
- Implement risk management processes across business units, aligned with industry best practices.
Develop and Uphold Risk Policies, Frameworks, and Standards
- Conduct research and benchmarking to ensure policies and standards meet regulatory and industry requirements.
- Manage and maintain the Risk Register platform, ensuring effective methodologies and controls.
- Support implementation of comprehensive risk control assessments and methodologies.
Promote Continuous Risk Culture Improvement
- Drive risk culture initiatives through training and risk awareness programs.
- Partner with internal stakeholders to embed operational risk practices across teams.
- Stay updated with regulatory changes and integrate them into Capitec's risk approach.
Reporting and Stakeholder Engagement
- Prepare detailed, accurate risk reports for governance bodies and regulatory requirements.
- Stand in for industry body representations as needed, collaborating with stakeholders across the bank.
- Actively engage with key committees to foster a unified approach to risk awareness and culture.
Experience
Minimum
- 5+ years in Risk Management, including 1+ year of specialized experience in Operational Risk.
- Strong experience in risk assessments, control self-assessments, and report writing.
- Knowledge of frameworks like ISO 31000, COSO, and Basel II/III, particularly in financial services.
Our ideal candidate has:
- 5+ years of experience in a Risk Management role
- 1+ year of specialized experience in Operational Risk
- Background in financial services or banking is an advantage
Qualifications (Minimum)
- Bachelor's Degree in Risk and Compliance or Economic and Management Sciences
Qualifications (Ideal or Preferred)
- Honours Degree in Risk and Compliance or Economic and Management Sciences
Knowledge
Minimum
- Risk and control knowledge
- Basic understanding of key business processes and functions and an understanding of key risks in these areas
- Risk management frameworks (ISO 31000 / COSO / BASEL II & III)
- Principles for sound management of operational risk
- Risk and Control Self-Assessments
- Report writing
Ideal
- Basic understanding of banking industry (SARB regulations and banking standards)
- Data and Analytics
Skills
- Communications Skills
- Computer Literacy (MS Word, MS Excel, MS Outlook)
- Decision making skills
- Interpersonal & Relationship management Skills
- Problem solving skills
- Accounting / Financial Services jobs
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