Job Description

To provide oversight in the identification, control implementation, monitoring and management of risk across the portfolio with a view to enabling the achievement of stated business goals and objectives, while maintaining adherence to the Group risk management frameworks to ensure they keep up with the changes in the business environment and are aligned to the In-Country business requirements and practical realities. (ORH 1).

Hello Future, Risk Manager

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change. 

Are you someone who can:

Provide guidance and assist with requirements on changed or new risk toolsOversee the effective use of risk tools and monitor its effectiveness for the businessAssist with preparation and analyses of reports for tabling at various Group Risk CommitteesScrutinize risk reports submitted by the Subsidiaries  and ensure reporting and tools are in lineEnsure data integrity, data structures and business line mappings are correctMonitor workflow issues in loss data system. Document processes to enhance general ledger reconciliations and monitor data extractions for reporting purposes. Monitor documented requirements and project manage deliverables. Highlight risk areas through root cause analysis. Monitor action plans on various risk tools. Monitor risk reporting and escalate issues. Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in. Engage in cross-functional Group relationships to obtain and to provide work support. Deliver customer experience excellence aligned to Organisational values and service standards. Innovate by finding the best fit solution for the situation such as the flexibility of delivery and customised solutions which result in more efficient outcomesDrive and embed risk capabilities in the Subsidiaries (Change to Indicate Subsidiary to add to role complexity). Ensure application and development of risk capabilities and tools are applied to identify, evaluate, report and monitor risk processes. Drive a combined assurance approach to risk management by engaging specialists and other assurance partners on key risks mattersEnsure comprehensive risk assessments are conducted in relation to products, services and solutions that are developed by the business are appropriate to manage the risks within the approved risk appetite. Work with Subsidiaries to understand business, drivers, current concerns and future plans to mitigate risk to proactively identify and anticipate risks (including emerging risks). Identify, manage and mitigate interconnected / interdependency risks and provide relevant information to business and risk teams to appropriately manage and mitigate risk. Understand changes of applicable risk policies and communicate to relevant stakeholders accordingly. Keep abreast of relevant risk developments externally and ensure it is considered in the risk profile for the business. Ensure development of appropriate solutions to identify losses and risk exposures and facilitate the effective implementation thereofEnsure business continuity management plans are reviewed and tested and aligned to Group continuity strategy (bA is reported as a stand alone segment to Group and referenced to FNB, RMB and FCC at a franchise level). Assist business to identify risks inherent in key business processes, new products, business projects and key outsourced and insourced arrangements and critical third-party service providers. Ensure Subsidiaries has designed and implemented controls to manage the risks identified. Build a risk management culture through ensuring awareness campaigns to educate stakeholders to influence behaviour and drive the importance of compliance and good conductAnalyse business information, data and Subsidiary risk reports to identify trends and create qualitative risk status reporting with accurate and reliable business intelligencePrepare the relevant risk profile report in a format that is acceptable to senior management and Group and Segment risk governance committees and considers all key risksEnsure appropriate governance structures are in place in area of accountabilityDevelop and communicate timelines for submission of relevant op risk reports to risk committee structures that align to Group Risk timelines. Escalate significant risk issues to management or Enterprise Risk Management and Group risk governance structures as relevantReview risk management documentation and risk reports to ensure achievement of relevant risk strategy. Track and report at the relevant forums and committees monthly on progress towards achieving the relevant risk strategy at defined intervals. Ensure all stakeholders have been engaged and information provided by Project Management Office (PMO) is reviewed and challenged to ensure accuracy. Escalate critical projects status to contribute to delivery against set timelines where required. Set the strategy and create the enabling environment for active risk reduction by informing and looking at the key risk indicators (KRIs), re-assessing, and ensuring the control environment is perceived relative to risk appetite as well as ensuring changes to reduce, tolerate or mitigate risk are made accordingly. Develop and maintain monitoring plan to ensure coverage of key controls. Manage and ensure compliance to the applicable framework in relevant risk control monitoring plan. Track feedback on results of monitoring activities to enhance relevant risk control environment. Develop, encourage and nurture collaborative relationships across FRGParticipate in planned activities that are appropriate for own and employee development Ensure integrated view and reporting of relevant business information.Analyse information to identify trends, discrepancies and inconsistencies for decision making purposes. Stays abreast of relevant industry risk management best practices and legislative amendments and suggests ways to leverage these to ensure continuous improvement.Participate in Group risk forums where required and cascades relevant information through team. Execute the Group risk management requirements and align Formulate tactical delivery plans to implement the Ops Risk CRO strategy. Provide guidance and assistance to Subsidiaries  in defining risk appetite, balancing all critical considerations (i.e., risks and rewards) and ensuring that the appetite is well understood by relevant stakeholders. Demonstrate leadership behaviour through personal involvement, commitment and dedication in support of organisational values.

You will be an ideal candidate if you have:

BCom or Diploma in Risk Management or equivalent financial qualification3 to 5 years' experience in a risk management function, preferably in a financial institution

You will have access to:

Opportunities to network and collaborate.Challenging Work.Opportunities to innovate.

We can be a match if you are: 

Curious & courageous - you're driven by always wanting to know more and learn more.Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it.Adaptable, curious and willing to learn.Passionate in providing insights.Thrive in a collaborative environment.

Are you interested in taking the next step?  We look forward to engaging with you further.  Apply now!

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#FNB

#LI-SY1

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

21/05/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.