• Head of Risk at Letshego MFB

  • Posted on: 18 November, 2016 Deadline: 25 November, 2016
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  • Letshego MFB is recruiting to fill the position of Head of Risk

    Head of Risk

     

    Reports to: Country CEO
    Job type: Permanent
    Expected Start Date: 1st January, 2017
    Job summary:

    • To promote and sustain a culture of risk management discipline, anticipation and compliance within the country;
    • To ensure that there are effective standards and internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance with various banking and regulatory policies;
    • To anticipate and proactively ensure management of all potential risks, including market, credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks; and
    • To represent the risk and assurance function to external stakeholders such as regulators and investors as well as to the Board

    Key Accountabilities:

    • Lead and direct the Risk & Assurance function, as a partner to the business, supporting growth aspirations whilst retaining the appropriate risk management and compliance discipline to achieve strategic goals.
    • Ensure that Risk Management Framework is adopted and effectively applied across all departments of the bank;
    • Implement the Operational Risk Policy Framework and ensure that the operational risk governance structures are fully functional;
    • Identify and understand the main operational risks in the business, monitor the actual level of operational risk on a regular basis and play a preventative role in risk control
    • Embed a culture of consciousness and transparency for risk management and ensure that the nature and size of risks are well understood by all staff
    • Implement the Businesses compliance and AML / CFT policy in line with local regulatory requirements
    • Maintain relationship with both internal and relevant key stake holders
    • Manage risk on a day to day basis which includes monitoring and reporting. This should include measures and procedures for:- understanding key processes, risk identification, risk analysis and assessment responding to risks identified and assessed adequate information and communication and monitoring of risk management activities
    • Embed operational risk practices into business activities and support it with appropriate training and awareness
    • Ensure that training and development on Risk Management is offered to staff on a regular basis
    • Develop a business continuity strategy in order to ensure effective risk mitigation and business continuity
    • Ensure that risk and process issues identified in the business units are reported and monitored and where necessary escalated to relevant person(s) and Committee(s) and corrective action is taken
    • Liaise, guide and coach all levels within the business on risk and process issues
    • Provide expert advice, share best-practice / risk mitigation techniques with management to enable them to pro-actively manage the risk within their units;
    • Facilitate and provide adequate support to the Principle Risk owners for the monthly key risk indicators (KRI) process
    • Ensure the development and execution of internal control plans outlining annual testing based on risk assessments (e.g. Risk and Control Self-Assessment), internal/external audit and regulatory reports
    • Assess new products, procedures and procedural changes to identify potential operational risks and suggests mitigation plans.
    • Monitor the banks insurance cover by way of review of the insurance return to ensure assets are adequately protected against losses.
    • Maintain cost disciplines, rationalise and consolidate risk expense.

    Education and/or Experience Required

    • Minimum requirement of a Bachelor degree in Risk Management or equivalent financial qualification
    • Exposure to demanding operational environments, ability to gain insight into the most effective risk management applications and key points for leverage and influence
    • Minimum 7 years’ experience with relevant risk, compliance (AML & CFT) and/or process management experience.

    Remuneration:
    Attractive pay, productivity bonus, medical benefits and generous pension scheme, as well as an exciting culture - Let’s improve life!

    Method of Application

    Interested candidates should send a motivation letter/email detailing how their qualification experience fits the requirement for the job in addition to their resume to NGCareers@letshego.com. Please ensure that the subject of your email read “Head of Risk”. Applications that do not comply with this requirement will not be considered
     

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