Operational Risk Specialist - Bellville Mmh250306-3

Role Purpose
Identification, assessment, and evaluation of operational risks in the business.
Provide appropriate mitigation plans to the business and support the implementation of such plans to prevent or limit financial exposure and operational risks.
Requirements

BCom Risk Management / Accounting / Financial Management or related degree
Knowledge of applicable legislation landscape
5+ years' experience in risk management or related fields
Business acumen
Stakeholder commitment
Drive for results
Leads change and innovation
Critical thinking and inquisitive nature
Reporting skills
Problem-solving skills
Methodical and systematic approach
Planning skills
Analytical thinking
Attention to detail

Duties and Responsibilities
Internal Processes

Develop and implement operational risk systems including monitoring and reporting tools.
Implement relevant operational risk policies and procedures.
Perform regular operational risk evaluations of key processes and systems.
In case of a suspected operational incident, perform and prepare a detailed incident review.
Guide and coordinate mitigation plan development and implementation.
Challenge and test existing and new proposed processes for operational risk exposure.
Drive development of remedial plans with risk owners to manage risks to desired levels, ensuring ongoing monitoring of remedial plans.
Client

Engage with business and process owners regularly.
Advise management on emerging trends and potential operational risk threats.
Review processes and develop mitigating controls, process improvements, and management plans to address weaknesses.
Provide feedback to the business on operational risk assessments and agree on management actions.
Consult on setting risk appetite and thresholds.
Facilitate scenario analysis.
People

Develop and maintain collaborative relationships with peers and stakeholders.
Manage team productivity, balancing resources and operational exposures.
Continuously develop risk management skills and knowledge.
Contribute to innovation and enhancement of risk processes, tools, and systems.
Engage with industry bodies and regulators.
Finance

Identify and mitigate fraud trends to limit operational losses.
Manage financial and other resources responsibly.
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