Associate Financial Surveillance Risk Analyst - Pretoria, South Africa - South African Reserve Bank

South African Reserve Bank

Verified Company

Pretoria, South Africa

3 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Brief description

The main purpose of this position is to work with the divisions in the Financial Surveillance Department (FinSurv) to implement a comprehensive risk management framework to mitigate the related risks as well as to advise and support the divisions on the risks.

Detailed description

Assist with the coordination and planning of the annual operational risk assessment workshops with the divisional heads as well as specialist risk assessment workshops, where applicable.
Assist with the development of flexible risk reporting frameworks.
Assist with the facilitation of general operational risk assessment workshops, the preparation of reports, the development of risk mitigation plans and the reporting on progress, in line with standard risk methodology.
Advise and support the FinSurv divisions on the implementation of their operational risk, compliance and specialised risk mitigation plans and compile progress reports on the implementation of mitigation plans, including the results of impact assessments of mitigating actions on these risks.
Be part of the planning of the risk management year programme based on the Risk Management and Compliance Department (RMCD) and FinSurv agenda.
Coordinate and liaise with RMCD, internal auditors as well as any other relevant stakeholders to improve and enhance audit, risk and compliance activities.
Assist in the monitoring of internal audit findings and the implementation of the management action plans, and update the Team Central system accordingly.
Contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing risk management in FinSurv.
Assist with the preparation of briefings and presentations for relevant stakeholders.
Assist with the preparation of scenarios, the coordination of training and awareness sessions, and the provision of training in the areas of governance, risk management and controls relevant to the South African Reserve Bank's (SARB) departmental conduct quality assurance on the FinSurv divisions' internal control processes and draft quality assurance reports with recommendations.
Keep abreast with international best practices and developments in the field of risk management and riskbased approaches, analyse the implications of these changes for the work of the department, and make specific proposals on how these developments might be applied to improve current practices.