Senior Risk Analyst - RMCD

at  South African Reserve Bank

BRIEF DESCRIPTION

The main purpose of this position is to assist in the provision of risk management services and the delivery of strategic initiatives within the Integrated Risk Management Division of the Risk Management and Compliance Department (RMCD) at the South African Reserve Bank (SARB).

DETAILED DESCRIPTION

The successful candidate will be responsible for the following key performance areas:

• Assist with the ongoing development and implementation of formalised risk management processes in the SARB.
• Facilitate strategic risk assessments and review operational risk and control self-assessments by clients.
• Facilitate information technology (IT) application and general IT risk assessments to enable clients to proactively manage risks relating to technology.
• Compile and update risk profiles based on the outcomes of risk assessments in the SARB.
• Assist in the implementation and continuous enhancement of RMCD IT systems.
• Review the risk management database to ensure the integrity of data.
• Administer the risk mitigation action plan follow-up process.
• Prepare reports to the departments and risk oversight committees.
• Conduct ongoing research into risk management best practices and the future role of risk management.
• Manage the performance and career development of the risk analysts within the Integrated Risk Management Division.
• Provide training and support to clients relating to risk management policy, methodologies, processes and software.
• Build and manage relations with clients and other stakeholders.
• Collaborate with other internal and external stakeholders to provide data, insights and analytical expertise on risk and controls across the SARB Group.
• Implement action plans to address identified departmental IT risk exposures as per timelines provided (audit findings and risk assessments).

• Assist with the ongoing development and implementation of formalised risk management processes in the SARB.
• Facilitate strategic risk assessments and review operational risk and control self-assessments by clients.
• Facilitate information technology (IT) application and general IT risk assessments to enable clients to proactively manage risks relating to technology.
• Compile and update risk profiles based on the outcomes of risk assessments in the SARB.
• Assist in the implementation and continuous enhancement of RMCD IT systems.
• Review the risk management database to ensure the integrity of data.
• Administer the risk mitigation action plan follow-up process.
• Prepare reports to the departments and risk oversight committees.
• Conduct ongoing research into risk management best practices and the future role of risk management.
• Manage the performance and career development of the risk analysts within the Integrated Risk Management Division.
• Provide training and support to clients relating to risk management policy, methodologies, processes and software.
• Build and manage relations with clients and other stakeholders.
• Collaborate with other internal and external stakeholders to provide data, insights and analytical expertise on risk and controls across the SARB Group.
• Implement action plans to address identified departmental IT risk exposures as per timelines provided (audit findings and risk assessments)