Job Title

Operational Enterprise Risk Manager

South Africa, Gauteng
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R60000 - R75000 Per Month
Area: South Africa, Gauteng
Sector: All
Posted: 19 February 2024

Job Details

A digital bank with a strong entrepreneurial identity and a high-performance culture is looking for an Operational Enterprise Risk Manager to assist the business in the development and implementation of fit for purpose enterprise risk management frameworks that are aligned to business processes and the Agile methodology.

The incumbent and the risk team (Line 2) must ensure a risk-based approach to risk management across everything we do and must ensure that potential risks are identified and considered, appropriate controls implemented, and performance and mitigating actions documented and tracked by business leaders when implementing new solutions/processes or making decisions.

Location: Johannesburg, South Africa


  • Assist the Head of Enterprise Risk in facilitating the implementation of the Enterprise Risk Management Framework, processes and practices and liaise with both Compliance and Internal Audit resources to entrench a combined assurance approach.
  • Ensure that risk and control self-assessments, control assurance, key risk indicators, internal loss data, issue management, the risk register, and any other agreed operational risk metrics are adequately documented and maintained.
  • Help evolve risk practices and the risk framework to ensure that it is fit for purpose and aligned to the business processes and structure.
  • Responsible for ensuring that the risk practices, processes, and culture are appropriate and adequate to prevent negligence and loss to the organization.
  • Review and challenge business owners on risk, for areas of responsibility.
  • Provide input to the development and implementation of relevant risk policies that support the integrated framework for enterprise risk.
  • Ensure that adequate reporting is in place for areas of responsibility and that the CRO is kept informed of emerging risks and ongoing performance.
  • Ensure the completion and management of risks in the agreed internal operational risk tool to assist with management and reporting of risks.
  • Assist with the administration, new initiatives, training, and general guidance at risk forums.
  • Participate, facilitate, and lead as required in risk reviews.
  • Proactively escalate any areas of concern and ensure remedial steps are identified and implemented.
  • Perform root cause analysis and lessons learnt on risk events.
  • Ensure compliance with risk training requirements, including delivery of both awareness type and targeted training for areas of responsibility.
  • Manage one’s own development through self-development initiatives and efforts.
  • Manage Supplier risks for the bank in line with regulatory requirements and internal risk framework.


  • Minimum Undergrad degree in finance, accounting, economics, risk or treasury.
  • 5+ years of experience in a risk management role, preferably in the banking or financial services industry.
  • Proven track record in effectively managing and overseeing finance risks (advantageous if treasury risk management) within a banking environment, particularly from a line 1 or 2 perspective.
  • Extensive experience in risk governance with a robust understanding of regulations pertinent to banking risk.
  • Demonstrated business acumen and a comprehensive comprehension of finance-related risks inherent in the banking sector.
  • Proficient in identifying risks embedded in business processes and systems, facilitating the implementation of suitable controls, and influencing the adoption of sound risk practices and judgment within the organization.
  • Ensure strict adherence to governance processes by business owners and proactively address any non-compliance or unaddressed concerns.
  • Uphold a professional attitude, showcasing excellent interpersonal and communication skills essential for effective risk management collaboration.
  • Capability to build and nurture relationships with Executives, business owners, and relevant stakeholders.
  • Conduct thorough supplier risk assessments for outsourcing activities to safeguard against potential risks.
  • Proficiency in identifying, monitoring, and tracking loss data to enhance risk mitigation strategies.
  • Ability to apply an agile approach to risk management, adapting to dynamic industry landscapes and evolving regulatory environments