Risk Analyst

Job Summary

Responsible for Risk Management activities for a subsidiary of the Group – mainly monitoring risk(s) relating to Credit, Operational and other Risks. Support the Identification, assessment, mitigation and management of risks for the company through focusing on risk management via a defined enterprise wide risk framework thereby ensuring the risks are mitigated and monitored in accordance with the company's Risk Policies.

Duties & Responsibilities

OPERATIONAL RISK ACTIVITIES

• Work closely with the Group Operational Risk team in ensuring that losses arising from failed or inadequate internal processes, systems, people and external events fall within the Group's risk appetite, and is in alignment with the organization’s corporate strategy
• Provide support to departments within the business unit in the identification of operational risk issues, and designing controls to mitigate risks identified
• Ensure the proper implementation of the operational risk management framework, policies and procedures of the organization within the Business Unit
• Ensure prompt completion and rendition of annually Risk & Control Self Assessments (RCSAs), and monthly Key Risk Indicators (KRIs)
• Develop KRIs required to track newly identified or emerging risk exposures
• Assist departments with the identification of key risk(s) on an ongoing basis
• Identify and report operational risk events using the Loss Incident Reporting tool and collate risk events reported for rendition to Head Office
• Perform root cause analyses on identified risk events and recommend controls to be implemented to prevent these risk events from re-occurring in future or to minimize the impact of the risk should the event be a critical business proces
• Monitor the implementation of actions plans to address key risks identified from RCSAs, KRIs
• and reported loss incidents
• Monitor the Business Unit's risk exposure closely to ensure operational efficiency, expected
• sales and proper redress of limiting factors
• Report all threats to Business Continuity and ensure that contingency plans are developed to
• address key business continuity risks identified
• Monitor and ensure timely close-out of recommended controls for mitigating identified risks
• Attend Management Committee meetings and present or discuss key risks identified that require immediate redress or awareness of Senior Management
• Effectively create a risk-aware culture in the assigned Business Unit through effective awareness programs or activities

CREDIT RISK MANAGEMENT RESPONSIBILITIES :

OTHER RISK FUNCTIONS

Requirements

QUALIFICATION AND EXPERIENCE REQUIRED

Benefits