Job Description

• This role is individually accountable for assisting the BU in establishing and embedding a culture of proactive risk-based decision making as well as ensuring that risk processes are implemented at the BU level.
• The individual is accountable for achieving results through their efforts over periods of up to 3 months.

Description

• Challenges risk management information collated by and received from business units.
• Ensures risk processes (risk assessment, identification, management, reporting, and optimization) are occurring at the BU level.
• Provides knowledge of systems/supporting guidance, and procedures and assists the business in the implementation of risk issues.
• Provides oversight for risk management activities ensuring Group Risk Policy statements are met.
• Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures.
• Ensures compliance by the BU with applicable legislation by means of the implementation of compliance risk management
• and monitoring plans.
• Ensures monthly risk control logs are updated and follows up with various Line Managers.
• Performs quarterly compliance audits on processes.
• Performs monthly quality assurance reviews on audit issues and identified control breaks.
• Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.
• Reports risk events and compliance breaches to management on a monthly/quarterly basis.
• Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate risk issues and non-compliance with legislation and regulation.

Key Result Areas

Personal Effectiveness:

• Accountable for service delivery through own efforts.
• Individually accountable for managing own time, tasks, and output quality for periods of up to 3 months.
• Makes increased contributions by broadening individual skills.
• Collaborates effectively with others to achieve personal goals.
• Accepts and lives the company values.

Risk Management:

• Challenges risk management information received from reporting entities
• Ensures risk processes (risk assessment, identification, management, reporting, and optimization are occurring at the BU level.
• Provides knowledge of systems/supporting guidance, and procedures and assists the business in the implementation of risk issues.
• Provides oversight for risk management activities, ensuring Group Risk Policy statements are met.
• Provides support in carrying out risk-related responsibilities.

Compliance:

• Identifies applicable legislation and analyses the impact thereof on the BU and applies this to BU processes and procedures.
• Ensures compliance by the BU with applicable legislation by means of the implementation of compliance risk management and monitoring plans.
• Performs quarterly compliance audits on processes.
• Reports compliance breaches on a monthly/quarterly basis.
• Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU to help eliminate non-compliance with legislation and regulation.

Reporting:

• Ensures monthly risk control logs  and risk events are updated and follows up with various Line Managers.
• Compiles monthly reports (standing reports) on issues identified and reports on actions taken to rectify the problem.

Qualifications and Experience

• 5-year tertiary qualification (B.Sc). 3 years relevant experience

Skills:

• Collecting Information, Communication, Detail-Oriented, Report Presentations, Report Review, Teamwork, Thinking skill

Education:

• Bachelor of Science (BSc) (Required)