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Job Description

The Enterprise Risk Management (ERM) analyst will be part of the Risk function, reporting to the Head of ERM and will assist with the development, implementation, and overseeing the bank's Enterprise risk management (ERM) framework, ensuring alignment with banking regulatory requirements, industry Risk best practice and standards, and the bank's strategic objectives.

KEY RESULT AREAS

Enterprise Risk Management

Ensures alignment between the risk strategy and the strategic plan to facilitate implementation and promotion of a sound risk culture within the Bank.Assist in development of an effective ERM framework that supports the achievement of the Banks overall goals & objectives.Ensure that the requirements of the ERMF and Policy Framework are implemented by the Risk Owners for all risks set out in the risk taxonomy and policies.Ensure that the risk processes of the Bank are implemented by the Risk Owners in the First Line and providing challenge on the effectiveness of the controls implemented by the Risk Owners and the Business Heads through the Risk and Control Self-Assessment (RCSA) process.

Risk Strategy Development

Assist in formulation and execution of a comprehensive risk strategy that aligns with the bank's overall business strategyEstablish risk appetite statements, thresholds, and key risk indicators (KRIs) for different business linesAssist in defining and documenting the bank’s risk appetite and tolerance levels in collaboration with senior management and the boardDrive integration of risk management within strategic decision-making processesDevelop strategies and action plans to mitigate identified risks, including preventive measures and contingency plansEngage with key stakeholders, including senior management, and regulatory bodies, to communicate the risk strategy effectivelyEstablish mechanisms for ongoing monitoring of risk exposure and the effectiveness of risk mitigation strategiesRegularly review and update the risk strategy to reflect changes in the internal and external environment, including emerging risks and regulatory updates

Governance and Regulatory Reporting

Design and implement a comprehensive governance framework that outlines the roles, responsibilities, and processes for risk management within the bankCreate, review, and update risk management policies and procedures to ensure alignment with regulatory requirements and industry best practicesStay informed about changes in regulatory requirements and assess their implications for the bank’s operations and risk management practiceCoordinate regular compliance audits and assessments to evaluate adherence to internal policies and external regulationsSupport the efficient coordination of Principal risk related governance committees including Model Risk Committee (MRC), Risk Manco and Risk and Capital Management Committee.Participate in the Combined Assurance reporting for the principal risks within the Risk Strategy and Governance spacePrepare and provide regular reports to stakeholders on risk performance, governance metrics, and compliance with risk policiesContinuously monitor changes in regulatory frameworks and assess their impact on the bank’s reporting practices

Strategic stakeholder management

Regularly engaging stakeholders through meetings and presentations to discuss risk management strategies and gather feedbackEnsure clear and effective communication of risk policies, governance frameworks, and strategic initiatives to stakeholdersEngage with regulatory bodies, ensuring that their requirements and expectations are understood and met, including experience in Banks Act section 52, 54 applications, etc.Promote cross-departmental collaboration to ensure alignment on risk management objectives and initiativesPromote a culture of risk awareness and accountability among stakeholders at all levels of the organizationSolicit feedback from stakeholders to improve risk management practices and governance structures

Enterprise Risk Processes

Coordinate the risk appetite setting and review processes of the Bank for the risk function as part of the annual strategic planning process conducted.Assist with the preparation of the Board approval for the risk appetite of the Bank. Coordinate the preparation of the Bank's Resilience Plan for approval by the Board.

RDARR

Drive compliance with Risk Data Aggregation and Risk Reporting across the bank.

Risk Culture

Be a role model and embed the Bank's risk culture set out in the ERMF in all activities. Assist the Head and CRO in evaluating the risk culture annually as per the requirements of the ERMF.

Emerging risk process

Assist in the implementation of the emerging risk process, through the identifications and treatment of emerging risks.

OML Group engagement

Engage with Group Risk Owners to assist with risk alignment, whilst maintaining Bank independence.Assists business to implement risk management systems in accordance with the approved ERM framework.Provides Advisory & line 2 oversight on key strategic programmes.Guides the business in improving organisational resilience and crisis management processes.General risk advisory to business on matters relating to reputational risk management.Risk appetite and ICAAP exercises to be subjected to scenario planning and stress testing that is aligned with the Bank’s business strategy.

Ongoing development

Stay abreast with local and international developments in the field of Enterprise Risk Management.

Risk awareness and training

Assist to drive overall risk awareness and training initiatives pertaining to the ERMF.

ROLE REQUIREMENTS

Education and Experience:

Chartered Accountant, Honours in Finance/Accounting/Risk management, FRM or related field.Minimum 5-8 years of strong risk management experience in a banking environmentGood understanding of the South African banking regulatory environment and requirements (PA, FCSA, FinSurv, FIC, Information Regulator, NCR, and others).Experience with Capital, Liquidity, Credit, Treasury, Market, Operational Risk and IT Risk oversight and associated regulatory reporting requirements.Proven leadership and team management experience.

Skills

Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review, Solution Analysis

Competencies

Business InsightCommunicates EffectivelyCourageDecision QualityEnsures AccountabilityFinancial AcumenInstills TrustManages Complexity

Education

Closing Date

14 September 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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