Closing Date 2023/05/11
Reference Number LAN230503-5
Job Title Risk Management: Business Partner [Centurion]
Division Land Bank Insurance Company
Unit LBIC
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
1. The purpose of role is to support the LBI Head of Risk ( as well as Manager Enterprise and Manager Risk, Governance and Reporting) in enhancing and further implementing the risk management framework, strategy, policies and process, and in advising and supporting the business in embedding a culture of sound risk management across the company.
2. To assist the LBI Head of Risk with regards to the development and implementation of the Social and Ethics Framework
KEY PERFORMANCE AREAS
Enterprise Risk Management
1. Conduct risk reporting is in compliance with SAM provisions;
2. Conduct ongoing risk assessments and reviews in line ISO 31000, Prudential Standard, PFMA, King IV and Risk Management Standards.
3. Support the team with the compliation of the ORSA report ( Risk, Ops and Actuarial team)
4. Develop, review and implementation of the risk management strategy and plan
5. Incident management and control self-assessments (CSA) of various business units
6. Develop, implement and annually review the enterprise risk management framework and other risk management policies that are required by Prudential Authority GOI standards
7. Perform research on emerging risks and maintenance of the emerging risk register
8. Maintaining the strategic risk registers, operational risk registers and emerging risk register of the company
9. Identify current and emerging risks and develop of emerging risk registers
10. Develop processes and procedures to monitor and assess risks in line EWRM Framework
11. Participate documenting outcomes of, risk and control assessments with management
Company Strategic Input and Research
1. Conduct environmental scan
2. Support with the consolidation of the strategy for the business, compilation of the corporate plan and shareholder compact.
3. Alignment of the business strategy and strategy formulation processes with risk management plan
4. Monitoring of the business performance against agreed objectives as stated in the shareholder compact on a quarterly basis
Social and Ethics Management
1. Implement the Social and Ethics rollout plan
2. Create a culture of ethics awareness
3. Identify social engagement risks for LBIC and LBLIC
4. Taking an active role in championing “doing the right thing” and coaching team members and other key stakeholders to adopt a culture of integrity in their businesses.
5. Ethics awareness, training and communication.
6. Progress reporting on Social & ethics issues
7. Reporting social and ethics issues
8. Assist LBIC/ LBLIC: Risk Manager to draw social and ethics issues matters-within the mandate of the Social & Ethics Committee-to the attention of LBIC and LBLIC management as and when the committee deems it necessary for the management to consider such matters.
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