Group Risk And Compliance Officer

Group Risk And Compliance Officer


Group Risk And Compliance Officer

Details of the offer

This role designs and implements a risk management framework and policy and establishes tools and mechanisms for the monitoring thereof with the view of protecting the company against liability and loss. The Group Risk and Compliance Manager acts as 2 nd line of defence and assist risk owners in defining the target risk exposure and reporting of adequate risk-related information throughout the company. Duties: Compliance and Governance Designs and implements the risk management framework (Including governance and compliance), taking into account known regulatory requirements. Designs and implements risk management framework. Ensures communication and updating of legislative changes and their implications on business systems where applicable. Identify training requirements on legislative updates where applicable and liaise with HC to schedule. Operational Risk Management Identifies controls and evaluates control strength as indicated by 1 st line to manage divisional risks in order to ensure that they are reviewed and maintained regularly. Facilitates regular risk assessments and assists in the setting of operational risks appetite and tolerance levels with business. Monitors control effectiveness through established business processes to enable the early detection of potential risks and corporate liability. Conducts regular stress testing and scenario analyses. Support management of relevant divisions in identifying solutions to identified risks. Proposes action plans in order to minimise the impact on profitability in collaboration with Business Unit Heads Identifies current/actual and emerging risks through evaluating both the internal and external risk environment on a continuous basis. Fraud Risk Management Design a Fraud Strategy, Governance and Policy, devising roadmaps, frameworks and structure related to the detection and prevention of fraud Design strategies and techniques to continuous monitor Fraud Risk Develop Fraud Risk Policies and procedures Develop Fraud Risk Assessment Reports/ Matrix/ Document the risk assessment process & conclusions Prepare and implement fraud risk action plan. Educates senior management on Fraud Risk Management best practices to enhance Fraud Risk Awareness/Culture Asses whistle blowing reports and institute investigations where appropriate. Assess nature and status of each report and institute infestations where appropriate. Coordinate material investigations through external forensic investigations and recommend to management remediation required. Report quarterly to the TSE Committee the quantity and nature of incidents report through the whistle blowing hotline, status and outcomes of investigations and remediation steps implemented. Internal audit Responsible for the approval of, and implementation of the internal audit plan. Assist with the planning of the internal audit plan for the year in collaboration with outsourced internal audit function and internal stakeholders by attending the scoping meeting, reviewing the scoping letter and ORCA. Communicate the internal audit plan to relevant Risk Owners and provide clarity in terms of expected engagement and outcomes as per the audit plan. Facilitate the process of obtaining approval from the relevant risk owner/process owner on audit reports. Collate, review and recommend the audit report for approval. Monitor the progress of the implementation of the significant and non-significant findings Strategic Support Provides strategic support to the following Committees: Executive Committee (Invitee) Combined Assurance Forum (Member) Transformation Social and Ethics committee (Invitee) Audit and Risk Committee (Invitee) Investment Committee (Invitee) Responsible for compiling and distributing the CAF pack with assistance of Company Secretary Responsible for minutes of CAF with assistance of Company Secretary Risk Management Monitors compliance with relevant Acts and Policies by 1 st line. Controls, manages and governs the processes and systems within area of accountability to ensure compliance and to minimise the business risk. Implements agreed audit recommendations in area of accountability and resolves audit findings timeously Designs, approves, implements and maintains policies within area of responsibility Requirements: Qualifcations Relevant Commerce degree, e.g. Commerce or Law ISO 31000 certified. (Advantageous) Certified Risk Management Practitioner. (Advantageous) Experience Minimum of 5 years relevant operational risk experience Should you not receive a response within 10 working days, please consider your application as unsuccessful

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