(1604) Risk Analyst at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

22 Jul, 26

Salary

0.0

Posted On

23 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk management, IT risk assessment, Information technology, Risk frameworks, Data analysis, Compliance, Quality assurance, Project management, Stakeholder management, Reporting, ISO 31000, King IV, COSO framework, IT auditing, Risk identification, Risk mitigation

Industry

Banking

Description

The successful candidate will be responsible for the following key performance areas: * Embed risk management frameworks, methodologies, processes, systems and related policies. * Analyse the business environment to support and guide the identification of risks and opportunities. * Identify and report on emerging risks to the SARB Group. * Facilitate, assess, analyse and embed information technology (IT) application as well as general IT risk assessments to enable clients to proactively manage risks relating to technology. * Consolidate, analyse, maintain and report on the centralised risk incidents database for the SARB Group. * Identify and coordinate departmental risk management training needs, including for own Risk Management and Compliance Department (RMCD), and conduct related training. * Embed and promote a positive and proactive risk management culture across the SARB Group. * Provide input into the SARB-wide overarching risk plan, and embed and coordinate operational risk and continuous risk management across the SARB Group, including key risk incidents and emerging risks. * Conduct quality reviews on departments’ compliance with risk management frameworks and policies, including the risk management outcomes and activities within the SARB Group. * Compile and coordinate reporting on the risk management outcomes and activities to the SARB Group’s management, executives and risk oversight committees. * Research and benchmark leading risk management processes and developments, and propose improvements accordingly. * Manage the implementation of RMCD’s strategic and operational risk treatment action plans, and report on their progress and impact on risks. * Assist in the implementation and continuous enhancement of RMCD’s IT systems. * Review the risk management database to ensure the integrity of data. * Build and manage relationships with clients and other stakeholders. * Collaborate with internal and external stakeholders to provide data, insights and analytical expertise on risk and controls across the SARB Group. 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.

Responsibilities

The Risk Analyst will embed and maintain risk management frameworks, policies, and processes across the SARB Group to address risk exposures. They are responsible for identifying emerging risks, conducting IT risk assessments, and reporting risk outcomes to management and oversight committees.