SUMMARY:
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POSITION INFO:
JOB TITLE: General Manager: Enterprise-Wide Risk
POST LEVEL: TASK 18
DEPARTMENT: Enterprise-Wide Risk
REPORTING LINE: Chief Risk Officer
SUBORDINATES: Four
LOCATION / CENTRE: Sandton
CONTRACT TYPE: Full time
PURPOSE OF THE JOB
The purpose of the role is to lead the design and implementation of integrated strategy, risk, governance and Compliance policy and framework as well as institutional co-operation to enable effective delivery of NHFC policy objectives, support optimized performance and ensure all statutory and other legal requirements and obligations are met.
Key Performance Areas Key Activities
Provide strategic direction to the
development of Enterprise Wide Risk
Strategies and EWR Policies.
30%
• Oversee the development of a comprehensive integrated risk policy framework that will guide NHFC’s operations.
• Ensure the NHFC is in compliance with applicable industry best practices and global regulatory guidelines.
• Lead Risk Framework Components - Enhance, build, or expand Risk Identification, Risk Scoring, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes across the department.
• Lead ERM special projects such as corporate educational risk training, expanding risk automation tools, maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture.
• Lead the implementing the NHFC’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors while ensuring that the NHFC’’s key risks of credit, market, operational are identified, assessed,
measured, controlled and managed prudentially.
• Lead the development of appropriate initiatives to mitigate the risk exposure level to the emerging risk of the NHFC.
• Enhancement and strengthening of the NHFC’s risk management framework
with the following specific responsibilities and accountability of the job.
• Oversees policy development pertaining to, including amongst others, ethics, security guidelines, quality management, human resources, environmental and regulatory requirements
• Lead the integrated strategy, risk and governance framework as well as institutional co-operation to enable effective organizational policy objectives, support optimized performance and ensure all statutory and other legal requirements and obligations are met.
Key Performance Areas Key Activities
Provide strategic direction to the
development of Enterprise Wide Risk
Management.
• Build a robust risk management framework and architecture for the NHFC and managing the organization- wide risk
• Coordinate with the executive team, the development and maintenance of the risk framework
• Director the identification of real and potential risk emerging from organizational structure or process changes, new technology, or new activities to appropriately target risk mitigation strategies
• Ensure that team are monitoring the risk register and any potential changes in the environment which affects the risk profile.
• Developing, managing and refining qualitative and quantitative risk reporting in all risk areas which meets the needs of Exco.
• Lead the effective implementation and ongoing evaluation of the risk management framework, compliance and assurance systems, and decision-making protocols to enable continuous improvements in performance and minimization of risk.
• Contribute to strategic planning processes to ensure that plans are informed by high quality governance, compliance and risk, management advice.
• Identify controls and evaluates control strength as indicated by 1st line to manage department risks in order to ensure that they are reviewed and
maintained regularly.
• Facilitates regular risk assessments and assist in the setting of operational risk appetite and tolerance levels with business.
• Monitors control effectiveness through established business processes to enable the early detection on potential risk and corporate liability.
• Conducts regular stress testing and scenario analysis.
• Support management of relevant departments in identifying solutions to identified risks.
• Proposed action plans in order to minimise the impact on profitability in collaboration with departments.
• Identifies current/actual and emerging risks through evaluating both the internal and external risk environment on a continuous basis.
Key Performance Areas Key Activities
Oversee the management of Audits
20%
• Ensure the on-going research and development on organizational related processes and general audit Business processes.
• Ensure the approval of, and implementation of the internal audit plan.
• Assist with the planning of the internal audit plan for the year in collaboration with outsources internal audit function and internal stakeholders by attending the scoping meeting, reviewing the scoping letter and ORCA.
• Communicate the internal audit plan to relevant Risk Owners and provide clarity in terms of expected engagement and outcomes as per the audit plan.
• Facilitate the process of obtaining approval from the relevant risk owner/process owner on audit reports.
• Collate, review and recommend the audit report for approval.
• Monitor the progress of the implementation the significate and non-significant findings.
Fraud and Corruption and Compliance
20%
• Develop a Fraud Strategy, Governance and Policy, devising roadmaps, framework and structure related to the detection and prevention of fraud.
• Develop strategies and techniques to continuous monitor Fraud Risk
• Develop Fraud Risk Policies and Procedures
• Develop Fraud Risk Assessment Reports/Matrix/Document the risk assessment process & conclusion.
• Prepare and implement fraud risk action plan
• Educates the executive team on Fraud Risk Management best practices to enhance Fraud Risk Awareness/Culture.
• Assess whistle blowing report and institute investigation where appropriate
• Coordinate material investigations through external forensic investigations and recommend to management remediation require.
• Report quarterly to the EXCO Committee the quantity and nature of incidents report through the whistle blowing hotline, status and outcomes of investigations and remediation steps implemented.
Management of Business Continuity 10%
• Lead the business continuity by highlight the BCM risks
• Operational risk assessments for BCM
• Conduct policy & framework with excess to the business process
• Monitor compliance & policy framework
Management of Insurance 10%
• Attend periodically Asset Liabilities Committee (ALCO) meetings to discuss the
Company’s risk profile with Management Staff.
Key Performance Areas Key Activities
People Management & Empowerment 10%
• Seeks opportunities to increase personal contributions and level of responsibility;
• Build and maintain a high performance culture through effective performance management and communication with NAMC employees;
• Provide clear leadership, promote and foster a team culture consistent with the NAMC’s values.
• Establish a positive, healthy and safe work environment in accordance with all appropriate legislation and regulations.
• Support and respect the individuality of others and recognizes the benefits of diversity of ideas and approaches.
• Delegate and empower employees to increase contribution and level of responsibility.
• Apply labour and employment legislation and regulations consistently;
• Facilitates team goal setting and problem solving.
• Provide developmental feedback in accordance with performance management principles.
• Manage conflict through a participatory transparent approach.
• Sign performance agreements/contracts by end April each year.
• Ensure that staff moral remains high • Ability to provide advice on regulatory requirements
• Ability to facilitate the management of risk within the organisation.
• Ability to develop and implement risk and compliance processes and procedures.
• Ability to ensure that risk standards and procedures have been adhered to.
• Ability to monitor and report on compliance.
• Ability to provide monthly reports on risk
REQUIRE QUALIFICATIONS AND EXPERIENCE
Qualifications
• Master’s degree in Commerce, Risk Management or relevant qualification
• An MBA will be an added advantage.
• Must be a member of professional governance body such as IRMRSA)
• Should have thorough knowledge of the relevant industry/sector as well as knowledge of regulatory requirements affecting the relevant sector.
Experience
• A minimum of ten (10) years’ experience in Risk Management, five (5) of which must have been at a managerial level.
• Must have proficiency in governance, control and risk.
NHFC COMPETENCIES
Job Specific Competencies:
• Analytical Skills
• Build Collaborative
• Relationships
• Communication Skills
• Corporate Governance
• Financial Management
• Job Knowledge/Technology
• Negotiating & Problem Solving
• Results Orientation
• Risk Management
• Compliance
• Business continuity
• Audits
• Insurance
• Financial Planning & Budgeting
• Fraud & Corruption
• Financial Risk Management
Attributes:
• Attention to Detail
• Continuous Learning & Development
• Initiative
• Professionalism
• Quality Management/Assurance
• Values and Ethics
