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Operational Risk Head

Employer
FirstRand
Location
Johannesburg Johannesburg, Gauteng Gauteng, South Africa
Salary
Competitive
Closing date
May 30, 2024

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
To align, support and implement the functional risk practices in line with the FirstRand risk framework and business requirements to minimize risk exposures and optimize business performance.
  • Model Risk Management experience
  • Proven track record in managing operational risk maturity across 1st and 2nd line
  • Data Information Management
  • Oversight and management of the IT Risk Management portfolio
  • Identify opportunities to improve efficiencies within the team
  • Implement the operational risk programme and practices with agreed budgets and cost parameters.
  • Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
  • Development of a service culture which build rewarding relationships, proposes innovations and allows others to provide exceptional client service
  • Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME's, project managers and senior staff members
  • Monitoring of changes in laws, regulations, initiatives and relevant industry practices, drafting and implementation of appropriate interventions
  • Development of materials and documentation including minimum standards, templates, guidelines, FAQ's and processes and driving the appropriate application
  • Development and maintenance of a network of experts to ensure communication of solutions, benefits, risks and innovations in area of specialization
  • Influence and drive compliance with governance in terms of legislative and policy requirements
  • Align, support and implement the operational risk practices and develop processes and tools in line with the FirstRand risk framework and business requirements
  • Analyse, report and provide input into decisions regarding risk mitigation strategies within the risk portfolio.
  • Advise on and provide support to stakeholders in relation to the execution of the practice relevant processes and tools
  • Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies
  • Manage own development to increase own competencies
  • Drive capability development in relevant stakeholders in your area of specialization.

Job Details

Application Closing Date

27/05/24

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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