Assists with designing and implementing a risk framework tailored to a digital bank.
Be the reference for facilitating and promoting the understanding of risk requirements.
Leads and supports the implementation of risk initiatives.
Helps design and implement control measures and monitoring plans for compliance and risk management.
Ensures risks and issues identified are resolved in an appropriate and timely manner.
Continuously improve the operational efficiency and effectiveness of risk processes.
Leads and drives standardisation and automation through re-engineering and process improvement.
Implements the bank's governance standards applicable for risk management- prepares documents relating to controls and standards per group standards
Drives risk implementation and supports its compliance across all Principal Risk Types, primarily Operational and Information and Cybersecurity (ICS) risks, working with various stakeholders to ensure a robust and well-controlled risk ecosystem.
Process Map Definition: drafts/contributes to the design of process maps in consultation with Process Owner(s),
Potential Failure Identification: performs threat, risk, cause, potential failure identification in relation to operational risks emanating from a fully digital, technology centric operation
Control Design Assessment (CDA): devises and implements effective preventive measures by designing controls and metrics producing risk register, process universe with controls mapped,
Control Implementation: implements controls working with functional teams and development squads and embeds them as a part of the platform design,
Control Testing: performs and captures results of control testing where necessary
Residual Risk Assessment: performs residual risk assessment; ensures identified control deficiencies are mitigated with preventive measures
Risk Acceptance: drafts risk acceptance committee or working forum papers based on Group Control Assessment Standards
Cooperates with legal, compliance and other risk owners to ensure compliance with policies and regulatory requirements.
Investigates complaints and operational / risk incidents and coordinates with relevant parties to perform root cause analysis and risk assessments.
Records and maintains risks / incidents
Ensure risks, issues and control enhancements are identified, assessed and resolved in a timely manner.
Implement control processes, perform key control testing based on key control and risk indicators to ensure compliance with the control statements outlined across Group Policies and Standards as well as facilitate monitoring/collection of any key control or risk indicators.
Records the result of control testing, report exceptions, performs residual risk assessments and ensure identified control deficiencies are mitigated with preventive measures.
Examines Group Policies and Standards and performs gap analysis against current and planned builds to determine applicability of control statements in a Control Substantiation Matrix
Engages in and performs vendor onboarding activities to support the selection of a purpose-built Enterprise Risk Management system
Strong communication skills -oral and written; and high detail-orientation
Possess risk and control experience
Good understanding of Technology, system design and development concepts
Ability to explain theoretical concepts to team members with varying backgrounds.
Good knowledge of retail banking products with a particular focus on digital products, functions, features and processes.