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Risk Analyst

Risk Analyst

Job Title: Risk Analyst
Contract Type: Permanent
Location: Kwa-Zulu Natal
Industry:
Reference: JN -052019-16309
Contact Name: Nicole Vine
Contact Email: nicole.vine@peoplesolved.com
Job Published: November 20, 2019 08:18

Job Description

Responsibilities:
 
Administration:
  • Carries out responsibilities in terms of the nature and scope of the work and follows the departments reporting structure
  • Develops and reviews risk management programs and procedures manual and ensures it is in line with best practice, Regulations and Board directives
  • Conducts Risk measurement and reporting on an ongoing basis
  • Assists the Risk Manager with the preparation of reports to various committees including but not limited to EXCO and the Risk Compliance and Capital Management Committee of the Board
  • Renders Assistance to the Chief Risk Executive in completion of special assignments in conjunction with the Risk Manager
  • Coordinates training and presentations on all areas of Risk management by assisting the Risk Manager
  • Assists the Risk Manager to review risk events and key risk indicators and draft reports for the Risk Manager
  • Maintains effective working relations with internal and external stakeholders such as but not limited to senior management and other business units in order to fulfil the department’s objectives
  • Analyses Risk Management Frameworks of the bank and undertakes implementation to ensure that risks are monitored and controlled effectively
  • Provides support to the Risk Manager in carrying out risk measurement and reporting and provides guidelines to other business units as and when required
  • Records risk events and risk indicators, analyse, prioritise and a risk based functional plan is developed annually for approval by Risk, Compliance and Capital Management Committee
  • Engage with branches and head office departments to understand and develop a robust risk framework
  • Work with the combined assurance team in addressing risk issues
 
 
Risk Management Programmes:
  • Identifies risk activities for measuring and reporting of the Programme
  • Monitor and manages Key Risk Indicators that are identified and the tolerance levels which are set by the Board and reports to the Risk Manager
  • Records, analyses and prioritises risk events and risk indicators
  • Ensures that Risk Management Programmes are maintained and up to date with current developments, regulations and trends within the industry and in keeping with Group policies and that they are appropriate 
  • Continuous development of a business continuity and disaster recovery process in conjunction with other departments within the organization
  • Specific development on a cyber-resilience framework in conjunction with the IT department
  • Proactively manage fraud risk within the organization through active monitoring, reporting and escalation
  • Work with the risk manager to ensure that the risk management framework supports business strategy
 
 
Risk Register:
  • Ensures that there is a standard process in place for reporting and recording risks on a centralized register
  • To continuously follow up with person/s responsible on items listed on the register
  • Investigates the risk with the relevant risk owner to propose risk mitigation / management recommendations
  • Reporting on the risk register to be done at the various levels of the organization that include but not limited to board and EXCO
 
Annual Risk Functional Plan: 
  • Prepares Risk reports and conducts assignments in terms of a functional approved plan
  • Completes risk measurements and reports all key risks, ensuring clarification of risk measurements are based on impact and probability and the results thereof are discussed with the risk manager for reporting purposes
  • Follows up on risk matters that requires attention and are recorded appropriately
  • Maintains the Functional Plan is carried out effectively within the required time frame
  • Manages risk report / assignment, ensuring pre-risk meetings with executive and/or his manager, deadline dates, expected time requirements and completion dates
 
 
Internal and External Communication:
  • Provides Risk reports to the Risk Manager for distribution to all relevant parties
  • Obtains feedback regarding impacts and probability of significant risks based on the measurement of such risks
  • Ensures the accurate reporting to the Risk Manager, Executive Management and the Board
  • Manages the relationship with the service providers utilized by the bank for the risk department
  • Ensure the service providers are delivering within their mandate
  • Continuous engagement with the service providers
 
 
Other:
  • Setup and prepare meeting packs for risk meetings including taking minutes and following up on action items
  • Monthly reporting to various committees including but not limited to EXCO, Board
  • Will be required to travel, mostly locally
  • Monitor items that require annual updates and proactively manage changes
  • The nature of the role is dynamic, hence the incumbent must be comfortable in getting involved in various areas to develop their understanding of risk management
 
 
Experience:
  • A minimum of 5 years’ experience in the banking or financial services industry
  • Experience in areas such as stress testing, capital adequacy and financial ratios
  • Experience in understanding and implementation regulation such as the Banks Act Regulation 39
 
 
Qualifications:
  • BCOM or Business Science Degree majoring in Finance
  • A qualification in Risk Management will be advantageous
  • Excellent MS Office Skills
  • Good understanding of Finance and IT
 
 
Skills:
  • Time management and prioritisation
  • Analytical ability
  • Attention to detail
  • Negotiation
  • Communication (verbal and written)
  • Quality assurance
  • Computer literacy
  • Ability to work under pressure
  • Deadline driven and process orientated
  • Interpersonal skills
  • Confidentiality
  • Professional
  • Trustworthy
  • Initiative
  • Integrity