(701) Risk Analyst-RMCD

at  South African Reserve Bank

BRIEF DESCRIPTION

The main purpose of this position is to embed and maintain risk management frameworks, policies and processes within the South African Reserve Bank (SARB) Group in order to respond to risk exposures and leverage on opportunities.

DETAILED 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.

• 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