Head Enterprise Risk

SUMMARY:
A new exciting role has become available for a Head of Enterprise Risk in JHB North at a leader in financial services.

POSITION INFO:
In this role, you will be responsible to provide strategic leadership, direction and implementation of enterprise risk management to the respective functional business areas supported and act as a trusted enterprise risk management business partner that equips business with the tools to mitigate financial, reputational and regulatory impact of risks.

REQUIREMENTS

• Relevant Honours Degree in Risk Management and/or mathematics, preferably with a professional qualification such as a CA(SA) or CFA
• Clear understanding of the Basel III Capital Calculation Methods and in depth knowledge of Basel accord
• 7 to 10 years’ experience in Enterprise Risk Management environment, preferably also with ALM or credit risk experience
• Strong leadership qualities including; purposeful collaboration, influencing others, leading courageously, highly proactive, ability to manage and oversee projects
• Strong relationship building qualities
• High level of understanding of Enterprise Risk Management Framework and process and the ability to implement
• Good knowledge of risk management related to other risk types (credit, market, strategic, liquidity, etc.).
• Solid knowledge of Microsoft Excel, Word & PowerPoint
• Working knowledge of Risk Management Systems and Measurement Tools
• Insight into all regulatory requirements related to the banking industry
• Excellent Presentation skills
• Strong analytical skills
• Ability to utilise/source all appropriate resources that will enhance the functioning of the department
• Strong communication skills (verbal, written and presentation)

• Enterprise Risk strategy and framework development and deployment
• Enhance the Enterprise Risk Management framework, supporting policies, standards, and procedures to ensure that they are fit for purpose to:
  • Identify existing and emerging risks, assess, monitor, report, escalate to relevant person/s and Committee/s and mitigate
  • Monitor the adequacy and efficiency of risk processes and guide the business areas’ management where appropriate.
  • Support the strategic objectives and all of its risk-taking activities within the approve appetite
  • Improve the risk management philosophy and culture within the organisation through awareness campaigns and training initiatives.
  • Assist risk owners with determination of appropriate measure and mitigation plans for their risks
  • Are based on best practices
• Risk appetite monitoring/oversight and development:
  • Monitor risk appetite and translating into a risk limits structure
  • Monitor risk limit adherence, management are to monitor from a 1st line perspective, while Group Risk monitors from a 2nd line perspective
• Managing and participating in key decision-making processes including strategic planning, capital and liquidity planning, acquisitions, new products and services, compensation design and operation

• Development, implementation and operationalise financial models for Group Risk. Including but not limited to Capital forecasts (ICAAP), Liquidity, Credit (SA-CCR & Scorecards), Market risk (IRRBB, VaR & NOP), Regulatory capital and Financial (i.e. IFRS9) models
• Develop risk principles, processes that relates to the assessment of risk measurement models and also maintaining knowledge on the models and the use of models across
• Assess and monitor the value, accuracy, and appropriateness of risk models through their lifecycle
• Evaluate and mitigate model risk
• Compilation of model build and business requirement documentation
• Continuously research advanced quantitative risk management techniques and methodologies and introduce new quantitative risk initiatives and stress tests, with the view of improving the sustainability of the organisation;
• Provide quantitative and qualitative risk status reporting with accurate and reliable business information together with analysing trends and data to relevant stakeholders;
• Collect and analyse risk data across the organisation and identify and report on emerging trends;
• Participate in Regulatory/industry meetings and workshops;
• Any other such risk duties as required by Management, within the broader risk management environment

• Manage and lead the Group Risk Team
• Ongoing strengthening of staff skills and enhancements to risk management systems, policies, processes, quantitative models, and reports
• Develop and coordinate the Bank’s enterprise risk management training programs.
• Maintain a risk reporting communication channel as well as a process that builds a positive risk culture and promotes individual responsibility.
• Lead reviews of major projects, products, processes and system to identify required risks and controls and providing guidance to Business on risk issues.

• Provide qualitative risk status reporting with accurate and reliable business information together with analysing trends and data to relevant stakeholders
• Coordinate the Bank’s ERM reporting and metrics, including monitoring top enterprise risks and assessing exposures across the Bank’s key risk types.
• Support the Bank’s key operational risk management programs as needed (Operational Risk Event Reporting, End User Computing, Vendor Risk Management, and Business Continuity).
• Identify, communicate relevant trends, developments, key performance drivers and root causes.
• Provide input into and maintain the risk maturity profile of the organisation.
• Continuously research advanced risk management techniques and methodologies and introduce new risk initiatives, with the view of improving the sustainability of the organisation.
• Research a wide variety of topics and issues including regulatory matters, emerging risks and trends and risk management best practices and report timeously to relevant stakeholders.
• Provide input into and facilitate enterprise-wide scenario analysis and development as well as stress testing of the various risk types.
• Use external data to benchmark against trends or actual control environments itself.
• Oversee and drive the project management and documentation requirements for all key risk projects

• Build and maintain credible relationships with internal and external stakeholders, including the Board, executive management, internal and external audit, regulator, peers, etc.
• Provide input into the development and implementation of a strategic and annual enterprise risk management plan and operational risk management plan.

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