Standard Bank Group
Posted Job
about 2 years ago

Head Operational Risk

Job ID 34679

Risk Management:

  • Understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank

Job Purpose

  • To enable Business Executives in discharging their responsibility for managing compliance to the Bank’s Risk and Control Policies, Governance Standards and Operational Controls.

Key Responsibilities/Accountabilities

  • Manage Governance and Control across the Business
  • Accountable for overall operational risk governance and control across the Business in conjunction with Group Risk Management teams.
  • Ensure that the Business is supported by a robust framework of policies and standards with appropriate approval authorities.
  • Oversee the development of standards and ensure the documentation, implementation and assessment on a regular basis thereof.
  • Provide support, education and training of staff to build risk capability/ raise policy awareness within the organization.
  • Drives Group Risk Management response to the Bank’s Digital Strategy .
  • Ensure Bank’s adherence to regulatory requirements relating to Operational Risk expectations, SARB,BOZ, SEC etc.
  • Monitor Risk and Compliance for the Business
  • Ensure controls are in place for accurate and realistic information provided to the Risk Oversight Committee.
  • Provide quality oversight for Business self-assessments with regular audits of conformance including reviews of evidence provided, liaison with internal and external auditors.
  • Ensure controls are in place to manage the of open Audit findings.
  • Ensure that information risk management process is robust and appropriate governance process is in place.

Assess and Monitor the Business

  • Collaborate with other members of the Risk Community to ensure that actions on the Business Top Risks are accurately and appropriately defined and tracked to ensure successful remediation and mitigation of high risk issues.
  • Monitor the IT “vulnerability” landscape and ensure that all defined actions are implemented timeously and that the risks are satisfactorily reduced. This includes all mandatory patch management requirements and timelines.
  • Implement and test all the Health and Safety requirements across Business in accordance with the Group Compliance OHS policies. This includes the Health and Safety Representatives, Fire Wardens and First Aiders, and relevant committee meetings.
  • Coordinate, advise and report on actions required to resolve non-compliance issues

Manage Team

  • Ensure that technical knowledge of staff is at an appropriate level thus minimising the effect of poor guidance to the Business.
  • Review the efficiency of the team against budget and workflow.
  • Ensure that turnaround times are met.
  • Capital computation and reporting
  • Facilitate appropriate reporting to ensure Bank’s compliance with the Basel 2 reporting requirements as it relates to operational risk.
  • Manage, facilitate and implement measures to ensure overall reduction of Operational Risk capital charge.
  • Calculate the appropriate capital requirement for the Bank as per Basel 2 requirements and ensure accurate reporting thereof.
  • Manage, facilitate and implement measures to ensure overall reduction of Operational Risk capital charge to enhance Bank’s ROE.

Preferred Qualification And Experience

  • Bachelors Degree in Sciences, Engineering, Commerce or Business Administration
  • Operational Risk Management; More than 10 years
  • Risk and Technology experience in a large global corporate environment; Good understand of all aspects of Operational Risk Management
  • High degree of understanding of all aspects of risk within a technology environment
  • Business Support Operations; Years: 5-7 Years
  • Good understanding of the Operations function and business processes relating to Wholesale and Retail banking transactions.
  • This includes Procurement and Facilities Management.

Knowledge/Technical Skills/Expertise

  • Evaluation of Internal Controls
  • Remedial Action Development
  • Risk Response Strategy
  • Technology Orientation

How to Apply

Submit your CV and application on company website:

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