Risk Manager

at  Momentum Investments

INTRODUCTION

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses.

QUALIFICATIONS, EXPERIENCE AND KNOWLEDGE

• 2-5 years of experience in financial services.
• 2-5 years of experience in risk management or auditing (internal/external).
• Familiarity with the financial services and insurance industry, including relevant regulations and laws.
• Understanding of IFRS, the Companies Act, and risk management principles.
• Degree in Risk Management, or a related field.

SKILLS

• Written and verbal communication skills
• Accountability for deliverables
• Presentation skills
• Influencing skills
• Negotiation skills
• Assertiveness
• Relationship management
• Analytical skills
• Attention to detail
• Planning and organising skills

ROLE PURPOSE

Engage and collaborate with designated departments to develop and maintain comprehensive risk profiles. This includes identifying, assessing, managing, monitoring, and reporting on relevant risks. Key responsibilities encompass participation in projects and conducting in-depth analyses of specific processes, functions, and regulatory requirements as part of the overarching risk management strategy.

RESPONSIBILITIES AND WORK OUTPUTS

• Build strong relationships with stakeholders at all levels, including senior executives, to foster a risk-aware culture.
• Support department heads in growing their areas by providing risk guidance and ensuring compliance.
• Keep internal stakeholders informed about the risk profile and escalate important issues.
• Lead by example in fostering a culture of strong relationships, feedback, and excellent client service.
• Adapt to changing client needs and improve business processes based on feedback.
• Drive efficiency improvements, such as automation.
• Work closely with risk owners to manage and optimize risk processes from identification to reporting.
• Collaborate with the business to identify and mitigate key risks.
• Produce Risk reports highlighting areas of concern, opportunities and anything requiring further investigation for tabling at management and governance forums.
• Partner with the business to create proactive risk management plans.
• Regularly assess and monitor risks through interviews and self-assessments.
• Continuously monitor the department’s overall risk profile for a combined assurance view.
• Ensure the audit plan aligns with identified risks.
• Participate in internal group forums to ensure business is kept abreast of relevant risk events and initiatives, take note of key action points and follow-through to ensure execution.
• Identify and track internal and external risk trends.
• Access and prioritize relevant information from various sources to understand the broader risk environment.
• Strengthen relationships with key stakeholders to improve risk reporting and understanding.
• Coordinate combined assurance plans and monitor their execution.
• Contribute to the development and review of key risk management policies and frameworks.
• Manage the error process in the assigned department according to the defined framework.
• Ensure audit findings are closed out in the internal tracking system.
• Critical output is to coordinate due diligence reviews of third-party relationships as needed.
• Focus on overseeing third-party service providers and their relationships.