(1600) Risk Analyst - CMD at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

0.0

Posted On

17 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk management, Compliance management, Operational risk profiles, Business impact analysis, Business continuity planning, Cyber-risk management, Project risk management, Risk assessment, Stakeholder management, Research methodologies, ISO 31000, King IV report, COSO internal control framework, Data analysis, Problem solving, Communication

Industry

Banking

Description

The main purpose of this position is to prepare, execute, monitor and report on strategic, operational and specialised risks for the Currency Management Department (CMD). The successful candidate will be responsible for the following key performance areas: * Advise on risk and compliance management issues related to the operating areas within CMD. * Develop operational risk profiles and action plans for the relevant systems within CMD. * Support the implementation, review, updating and maintenance of the operational risk management and compliance framework. * Prepare, liaise with relevant divisions/cash centres and facilitate risk assessment workshops, business impact analysis and business continuity planning sessions, using the SARB’s risk management policies, frameworks, methodologies, processes and systems. * Coordinate, plan and execute activities related to managing specialised operational risks, including cyber-risk, change management, project risk management and business continuity management. * Conduct operational risk assessments, prepare reports, capture risk mitigation plans and provide progress reports in line with RMCD and Board Risk and Ethics Committee agendas. * Implement risk monitoring processes for risk and compliance management. * Assist in preparing for briefings and presentations with relevant stakeholders. * Help prepare scenarios, coordinate training and awareness sessions, and provide training in governance, risk management and controls relevant to the department. * Coordinate and liaise with RMCD, internal and external auditors, and other relevant stakeholders to enhance audit, risk and compliance activities. * Log risk incidents related to the operational area, consolidate, maintain and report on the centralised risk incidents database for CMD. * Build sound professional relationships with stakeholders through collaboration, customer focus and excellent execution. * Manage relationships with peers through teamwork, knowledge sharing, positive attitude and providing support to colleagues. * Actively stay abreast of new approaches (best practices), methods, analytical techniques and procedures in risk management. * Research and benchmark leading risk management processes and developments and propose improvements accordingly. * Identify and recommend effective ways to improve business processes and systems, adding value to CMD. * Contribute to other specialised risk management processes, including policies, methodologies and frameworks (e.g. financial risk management, cyber and information security, privacy, physical security, and strategic and operational resilience). About SARB Primary mandate of the SARB Section 224 of the Constitution of South Africa states the mandate of the SARB as follows: The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice. WHAT WE DO Monetary Policy The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inﬂation low and steady. Financial Stability The SARB has a mandate to protect and enhance ﬁnancial stability. We identify and mitigate systemic risks that might disrupt the ﬁnancial system. Prudential Regulation The Prudential Authority regulates ﬁnancial institutions and market infrastructures to promote and enhance their safety and soundness, and support ﬁnancial stability. Financial Markets Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves. Financial Surveillance The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions. Payments and Settlements The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern ﬁnancial system. Statistics The SARB provides important economic and ﬁnancial statistics that present an overview of the economic situation in South Africa. Research Research conducted by the SARB focuses on economics, ﬁnancial stability, banking and emerging trends in ﬁnance. Our research supports policy decision-making. Banknotes and Coin The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa. Currency Management Department (CMD) Vision To be globally respected as a world-class currency management authority Mission Our mission is to ensure the availability of a secure national currency in collaboration with the cash industry. Overall Strategy Our overall strategy is to maintain public confidence in South Africa’s currency by ensuring its integrity and security through an effective and efficient currency management system optimised with the cash industry. Divisions The Currency Management Department comprises of the following Divisions: · Management Support · Currency Integrity · Supply Chain Management · Programme Management · Currency Research, Policy and Strategy

Responsibilities

The Risk Analyst will prepare, execute, and monitor strategic and operational risks for the Currency Management Department. They are responsible for developing risk profiles, facilitating risk assessments, and coordinating business continuity and compliance activities.