Saturday , March 25 2023

Firstrand Jobs Port Elizabeth – Regulatory Risk Head

Website FirstRand

Job Description:

To align, support and implement the regulatory risk practices in line with the FirstRand/FNB risk frameworks and legislative requirements to minimize risk exposures and optimize business performance.

Job Responsibilities:

  • Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
  • Embed ownership of risk management as a primary responsibility of line management.
  • Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members.
  • Advise on and provide support to stakeholders in relation to the execution of the practice relevant processes and tools.
  • Development of a service culture which build rewarding relationships, proposes innovations and allows others to provide exceptional client service.
  • Develop and implement a risk management plan in relation to the area of specialization to support the implementation of the business strategy in a risk enabled environment.
  • Development of materials and documentation including minimum standards, templates, guidelines, FAQ’s and processes and driving the appropriate application.
  • Analyse, report and provide input into decisions regarding risk mitigation strategies within the risk portfolio.
  • Facilitate compliance audits for effective completion of risk and control matrix and audit scope.
  • Monitor changes in legislation, regulations, initiatives and relevant industry practices. Ensure drafting and implementation of appropriate interventions. Compliance with audit requirements.
  • Develop and implement compliance related campaigns in order to create awareness of importance of compliance as well providing staff and business with knowledge and skills related to compliance.
  • Identify and communicate current and anticipated compliance risks. Improve business decisions by providing accurate and reliable business intelligence (information) together with analyzing trends and data.
  • Influence and drive compliance with governance in terms of legislative and policy requirements.
  • Provide the business with effective compliance management strategies, tools and methodologies to ensure compliance within the business.
  • Manage own development to increase own competencies.
  • Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation, achieve efficiencies and increase competencies.
  • Implement the operational risk programme and practices with agreed budgets and cost parameters.

Job Requirements:

  • In accordance with National Credit Act (NCA) candidates applying for this role will require a credit record check.
  • A broad understanding of the banking industry
  • 8 to 10 years risk management experience in the financial industry
  • An in-depth knowledge and understanding of AML and applicable legislation
  • Relevant Honours Degree

Job Details:

Company: FirstRand

Vacancy Type:  Full Time

Job Location: Johannesburg, Gauteng, South Africa

Application Deadline: N/A

Apply Here