(1113) Risk Analyst-RMCD

Brief description

The main purpose of this position is to embed and maintain risk management processes, frameworks and policies within the South African Reserve Bank (SARB) Group 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 relating to i.e. operational risk, key risk indicators, risk incidents, information technology (IT) risk, emerging risks etc.
• Analyse and understand the business environment to support and guide the identification of risks and opportunities.
• Coordinate and embed operational risk, including IT application risks and continuous risk management across the SARB Group.
• Identify and report on emerging risks to the SARB Group.
• Consolidate, analyse, maintain and report on the centralised risk incidents database for the SARB Group.
• Entrench the monitoring and review of operational risk action plans by client departments.
• Identify and coordinate departmental risk management training needs.
• Conduct training and support to clients on risk management processes and tools.
• Embed and promote a positive and proactive risk management culture across the SARB Group.
• Conduct quality reviews on the departments’ compliance with risk management policies and framework, including risk management outcomes and activities within the SARB Group.
• Compile and coordinate reporting on 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 the Risk Management and Compliance Department (RMCD) strategic and operational risk treatment action plans, and report on the progress and impact on risks.
• Provide input into the risk management overarching plan.
• Review the risk management database to ensure the integrity of data.
• 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.