Operational/Enterprise Risk Manager

SUMMARY:
This role supports the Company strategy by assisting the business in the development and implementation of fit for purpose enterprise risk management frameworks that are aligned to business processes and the Agile methodology.

POSITION INFO:

Experience Required:

• Experience in managing and monitoring operational (incl. IT risks or be in a position to
• challenge IT risks) and/or enterprise risks preferably in the financial sector from a line 1 or 2 perspective.
• Experience in risk governance and strong understanding of regulations relating to bank risk.
• A business mindset and broad understanding of various risks that the bank could be exposed to.
• Ability to identify risks in business processes and/or systems, help ensure the implementation of appropriate controls, influence the business to apply good risk practices and judgement.
• Ensure that business owners follow the agreed governance processes.
• Escalate any concerns that are not addressed or where business owners are not complying to governance requirements.
• Professional attitude, excellent interpersonal and communication skills
• Ability to build and maintain relationships with Executives, business owners and any other applicable resources.
• Perform supplier risk assessments for outsourcing activities.
• Identify, monitor and track loss data
• Ability to apply an agile approach to risk management

Responsibilities

• Assist the CRO in facilitating the implementation of the Enterprise Risk Management Framework, processes and practices and liaise with both Compliance and Internal Audit resources to entrench a combined assurance approach
• Ensure that risk and control self-assessments, control assurance, key risk indicators, internal loss data, issue management, the risk register and any other agreed operational risk metrics are adequately documented and maintained.
• Help evolve risk practices and the risk framework to ensure that it is fit for purpose and aligned to the business processes and structure.
• Responsible for ensuring that the risk practices, processes and culture are appropriate and adequate to prevent negligence and loss to the organization.
• Review and challenge business owners on risk, for areas of responsibility.
• Provide input to the development and implementation of relevant risk policies that support the integrated framework for enterprise risk.
• Ensure that adequate reporting is in place for areas of responsibility and that the CRO is kept informed of emerging risks and ongoing performance.
• Ensure the completion and management of risks in the agreed internal operational risk tool to assist with management and reporting of risks.
• Assist with the administration, new initiatives, training and general guidance at risk forums.
• Participate, facilitate and lead as required in risk reviews.
• Proactively escalate any areas of concern and ensure remedial steps are identified and implemented
• Perform root cause analysis and lessons learnt on risk events.
• Ensure compliance with risk training requirements, including delivery of both awareness type and targeted training for areas of responsibility.
• Manage one’s own development through self-development initiatives and efforts

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