Risk Officer - Sandton, South Africa - Adcorp Holdings
Description
Synopsis
We're excited to offer a Risk Officer - Operations position for our client in the banking and insurance industry.
In this role, you'll play a vital role in safeguard the organization by identifying and managing any threats to the achievement of our client's business objectives.
Roles and Responsibilities
Risk Management for Current Business
- Ongoing management and improvement of the risk management framework for the organization.
- Overseeing, and in some areas, engaging with internal stakeholders, making recommendations, and implementing appropriate risk control actions.
- Monitoring, evaluating, challenging, reviewing, and reporting on the organization's success in managing its risks.
- Assist in identifying and updating major risks affecting the operational function and guiding the Business units in identifying their key risk indicators.
- Monitor internal controls to ensure their adequacy and effectiveness and assist in the identification of appropriate enhancements to address identified weaknesses.
- Provide an effective administrative function to support the risk management function.
- Support the Head of Risk Management in the development and updating of risk management policies and procedures to support and guide the internal
- Conduct research when required.
- Compile and submit all required and ad hoc reports timeously and accurately.
- Assist in the maintenance of a culture that emphasizes and demonstrates the importance of effective Risk Management to all staff.
- Monitor and control the internal assessment process to ensure compliance to policy and procedures.
- Assist in the coaching of employees in the use of relevant operational risk management tools.
- Conduct risk assessments of the operational functions on an ongoing basis and
- Conducting risk management training for internal stakeholders
- Involvement in the digitization of the risk tools i.e. Power BI, Exclaim etc.
- Involvement in the process risk management to have oversight on the frequency of process reviews, process documentation timelines and accessibility of process documents to the broader organization.
- Promoting risk awareness to prepare the organization for emerging risks.
Risk Management for New Business/Service
- Assess opportunities for continuous process innovation to prevent deviation trends, control gaps or to bring process efficiencies.
- Provide risk support to project team; assessment/assistance of/on their process, procedures and in identifying risk and controls associated.
- Provide risk support to project team in completing risk assessments of the new product/service offering.
- Perform risk monitoring for new services implementation and operationalization processes.
- Contribute to potential reviews for inclusion in the annual audit plan.
- Responsible for facilitation and completion of assigned internal audit function reviews.
- Coordination of management responses across the organization for assigned reviews and reporting on the findings.
- Coordinating and management of organization resolution of previous findings and the closure of findings that are still open.
Roles and Responsibilities (cont.)
Combined assurance forums
- Assist in the preparation of the Combined Assurance Reports.
- Support preparations activities for the annual plan and provide input in areas of responsibility.
- Reporting of management assurance activities across the organization.
- Drafting the minutes of the Combined Assurance Forum meeting.
- Ongoing relationship building with internal and external stakeholders to ensure excellent business delivery.
- Delivering effective and consistent service to stakeholders.
- Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
- Facilitate presentations to customers, staff, existing customers, potential customers and stakeholders.
- Perform solution demonstrations to internal and external stakeholders
- Ability to provide information clearly to new customers
- Develop and maintain productive and collaborative working relationships with colleagues, peers and stakeholders.
- Continuously develop own expertise in terms of professional and industry knowledge.
- Contribute to continuous innovation through the development, sharing and implementation of new ideas.
- Ability to work proactively and independently to deliver precise and accurate work.
- Take ownership for driving personal career development.
- Identify and recommend data solutions to enhance operational efficiency.
- Provide input into the risk identification and communicate recommendations to appropriate teams / leadership.
Job Reference:
TCN01783
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