(1724) Risk and Compliance Coordinator - Cape Town at South African Reserve Bank

Cape Town, Western Cape, South Africa -

Full Time

Start Date

Immediate

Expiry Date

05 Oct, 26

Salary

0.0

Posted On

07 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Compliance Management, Business Continuity Management, Ethics Management, Risk Assessment, Business Impact Analysis, Reporting, Quality Control, Stakeholder Coordination, Audit, Project Risk Management, Incident Response

Industry

Banking

Description

The successful candidate will be responsible for the following key performance areas: * Implement and operationalise the Hub’s risk management, project risk management, compliance, ethics and business continuity policies and frameworks within the department. * Implement and support the Spoke-level annual risk plan in alignment with the Hub’s annual plan. * Schedule and coordinate the risk, compliance, ethics and BCM activities within the department to ensure timely execution of planned activities. * Ensure Spoke processes, tools and templates are applied consistently, in line with the Risk Management and Compliance Department’s (RMCD) policies, frameworks and guidelines. * Provide first-line guidance to departmental staff on the practical application of Hub policies and frameworks and assist with risk awareness, compliance and ethics campaigns within the department. * Coordinate and support the facilitation of operational, project, compliance and ethics risk assessments, business impact analyses and BCM workshops. * Capture risk information, actions and decisions during workshops and engagements, and maintain and update the departmental risk register and action plans. * Compile Spoke-level risk, compliance, ethics and BCM reports using RMCD templates and coordinate the completion and maintenance of the Spoke ethics register. * Perform basic quality checks on risk data, risk registers and reporting inputs before submitting them to the Spoke Governance structure and the Hub. * Track progress on risk treatment actions, control improvements and management commitments, maintain action tracking logs and follow up with risk owners on overdue actions. * Assist with preparing management and governance forum packs with accurate, up-to-date integrated risk management, project risk management, compliance, ethics and BCM information. * Coordinate training logistics, attendance and onboarding support for new staff and reinforce day-to-day risk management practices within the Spoke. * Educate and create awareness on integrated risk, project risk, compliance, ethics and BCM. * Log non-compliance, ethics and risk incidents, and coordinate incident response and recovery. * Act as the central point of contact between business, RMCD, cyber and physical security risk as well as manage communication and dissemination of risk-related information. * Stay current with developments in risk and compliance, ensuring their application within the department. 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 role is responsible for implementing and operationalizing risk management, compliance, ethics, and business continuity frameworks within the department. This includes coordinating risk assessments, maintaining risk registers, and providing guidance to staff on policy application.