(1607) Governance, Risk and Compliance Analyst x2 - GSMD at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

21 Jul, 26

Salary

0.0

Posted On

22 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Compliance, Governance, Security Policies, Regulatory Requirements, Audit Findings, Risk Assessment, Reporting, Stakeholder Management, Data Analysis, Problem Solving, Planning, Conceptual Thinking, Security Legislation, Workflow Optimization

Industry

Banking

Description

Brief description The main purpose of this position is to ensure the effective implementation of governance, risk and compliance management for the Group Security Management Department (GSMD) in the South African Reserve Bank (SARB) Group. Detailed description The successful candidate will be responsible for the following key performance areas: * Monitor and assess compliance with security policies, standards, procedures, standing instructions, legislation and regulatory requirements across Group Security. * Coordinate the development, implementation and maintenance of Compliance Risk Management Plans (CRMPs) in line with Generally Accepted Compliance Standards (GACS). * Track, monitor and follow up on audit findings and management actions to ensure timely resolution of identified control gaps and risk exposures. * Support the ongoing enhancement of the GSMD Governance, Risk and Compliance (GRC) environment through continuous review and assurance activities. * Facilitate integrated GRC workshops to provide consolidated and net risk views to management and governance structures. * Coordinate and integrate GRC reporting into consistent and standardised reporting frameworks. * Prepare integrated GRC reports, dashboards and management information packs for monthly, quarterly and annual reporting cycles. * Coordinate reporting to security committees, including support to secretariat functions (agendas, minutes and action tracking). * Ensure GRC practices are aligned with accepted GRC methodologies while adapting them to GSMD operational requirements. * Assist in the development and optimisation of GRC workflows, processes and reporting tools to strengthen the overall GRC framework. 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. Group Security Management Department (GSMD) The Group Security Management Department comprises of the following three divisions: * Security Operations * Security Governance, Risk and Compliance * Security Auxiliary Services Function * To provide a security risk service for the group in terms of personnel security vetting, risk and threat analysis as well as other specialized areas pertaining to information security and countermeasures; * To provide security execution commensurate with the security risk through the provision of a robust and resilient physical protection system for the SARB Group in compliance with relevant legislation, policies and procedures; * To develop and implement a security governance framework for the Group; * To provide a security system including the Firearms Management function and to provide quality driven ETD solutions that meet the security training needs of the Group; * To monitor implementation and compliance with statutory and regulatory requirements and to provide administrative support and project management for the department; and * To provide Human Resources services, advice and leadership to the department.

Responsibilities

The analyst will monitor and assess compliance with security policies and regulatory requirements while coordinating the development of Compliance Risk Management Plans. They are also responsible for tracking audit findings, facilitating GRC workshops, and preparing integrated reports for management and governance structures.