| JOB NAME |
Enterprise Risk Management Professional [Midrand]
POSTED BY: Development Bank of Southern Africa
REF:DBSA 2053
Date Published:Monday, October 21, 2024
Date of Expiration:Saturday, April 19, 2025
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| LOCATION OF THIS JOB |
 South Africa | MIDRAND in South Africa |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Closing Date 2024/10/31
Reference Number DBS241014-1
Job Grade 16
Job Type Classification Permanent
Location - Town / City Midrand
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
1. The ERM Professional is responsible for managing the Bank's risk levels, ensuring that risk profiles align with the Bank's risk tolerance.
2. Working closely with the principal, this role involves strategising, developing and implementing processes to identify, assess, manage, and report on risks across the organisation, while ensuring effective coordination between risk management structures.
KEY RESPONSIBILITIES
Key Performance Areas:
ERM Operational Functions
1. Support the Principal ERM in developing and implementing the strategic direction for the ERM function.
2. Establish the ERM risk universe and ensure there are no gaps in the management of specific risks and risk categories.
Establish functional methods and processes to implement the ERM strategy.
3. Prepare and submit the Annual ERM Risk Plan and all other reports as per the requirements.
4. Develop, implement and oversee the Risk Appetite Framework and Risk Tolerance levels for the group and per division.
5. Facilitate the drafting and maintaining of divisional risk registers for divisions as requested by the Principal ERM.
6. Provide support to Management in integrating risk management with the strategy development processes.
7. Develop, implement and communicate ERM policies and procedures to business.
8. Facilitate the development of risk management strategies for the organisation’s critical operational risks and find appropriate solutions to mitigate and manage identified risks (inclusive of Basel requirements).
9. Facilitate ERM assessments and monitor priority operational risks across the organisation.
10. Align the ERM process with Internal Audit, Credit and Investment risk processes and all other Risk and Control Functions across the Group.
11. Build project risk management capabilities across various project types.
12. Work closely with the risk team and other monitoring functions in ensuring effective combined effort and assurance of risk management.
13. Assist in developing the ERM Cluster’s strategy and execution plan in line with the divisions and organisational vision, strategy, and goals.
14. Determine cluster objectives and targets for inclusion in the division’s balanced scorecard.
15. Monitor, evaluate and integrate risk activities across the Bank.
16. Facilitate the strategic risk process and related reporting.
ERM Best Practice
1. Elevate and evolve the status of ERM within the Group to at least best practice.
2. Play a trusted advisor role to Management and the Executives concerning leading risk practices and consulting activities.
3. Determine emerging risks on a timely basis.
Divisional ERM Advisory Services, Monitoring & Reporting
1. Provide a professional ERM advisory service to Business.
2. Ensure that group-wide risk projects are managed and implemented in the Business (excludes credit and investment risk).
3. Communicate and facilitate the use of appropriate ERM methodologies, tools and techniques.
4. Work with divisions to establish, maintain and continuously improve risk management capabilities and implement appropriate risk reporting standards.
5. Provide an independent view regarding proposed business plans and transactions.
6. Develop, monitor and report on corporate key indications.
7. Conduct risk investigations as required.
8. Assess the status of corporate mitigation actions.
9. Participate in special project risk reviews as required.
Key Measurements of Outputs:
1. Established ERM plans and frameworks.
2. Accurate reporting and monitoring of enterprise risk.
3. Quality and accuracy of reports and risk mitigation plans.
4. Clean audit.
Key Internal Liason Relationships:
1. Risk Division
2. All Divisions
3. Group and Divisional Risk Committees
4. Corporate Committees
Key External Liason Relationships:
1. Service Providers
2. DBSA stakeholders (as required)
3. External benchmarking sources.
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| REQUIREMENTS FOR THIS JOB |
EXPERTISE & TECHNICAL COMPETENCIES
Qualifications and Experience:
Minimum Requirements:
1. A postgraduate qualification in Risk Management or equivalent.
2. A minimum of 5 years’ experience in Enterprise Risk Management.
3. In-depth knowledge of development finance, risk management philosophies, practices, etc.
4. Knowledge of the relevant legislative framework, i.e., Basel II, GAMAP, GAAP, IFRIS, etc.
5. Experience in Project/Programme Management.
6. Expert knowledge of risk and financial management principals, philosophy and methodologies to participate in the most complex risk assignments undertaken in the DBSA.
7. Good understanding of Finance, Treasury, Credit and other risk-related matters affecting the Bank and the Divisions.
8. Ability to quantify and aggregate risk for management and reporting purposes.
Desirable Requirements:
1. A postgraduate qualification specialising in Risk Management.
Technical Competencies:
Written communication
1. Understands that different writing styles are required for different documents or audiences.
2. Write effective correspondence, prepares questions and reports, statements of circumstance and briefing notes.
3. Reviews others’ documents for clarity and impact.
4. Has a solid mastery of writing principles such as grammar, sentence construction etc.
Presentation skills
1. Can reinforce key presentation points with examples.
2. Is able to translate technical terminology into language understandable to the audience.
3. Has insight into the audience’s behavior and motivation and responds appropriately and professionally,adapting communication style as appropriate.
Reporting
1. Designs / customizes reports to meet user needs.
2. Prepares complex or tailored reports, gathers information from a variety of sources, analyses and includes in a report.
3. Keeps standard reports under review and proposes improvements to meet user needs.
Risk Identification and Assessments
1. Diagnoses significant, unusual and emerging risks to which the business is exposed.
Risk Management Policies and Procedures
1. Develops innovative approaches to managing significant business risks effectively and efficiently.
2. Leads implementation, execution and monitoring activities.
3. Advises on best solutions and foresees the impact of changes in regulations, policies and procedures for non-complex and increasingly complex business issues.
Presentation Skills
1. Knows how to deliver arguments persuasively by employing a range of advanced presentation techniques (e.g., the appropriate use of body language, how to close a presentation so that the audience continues to think about the subject matter etc.).
2. Has knowledge of various feedback mechanisms to check levels of audience understanding. .
Risk Response and Reporting
1. Develop and implement appropriate risk mitigation for significant and unusual risks to which the business is
exposed.
2. Provide advice on business continuity management mechanisms, define appropriate risk responses for reasonably foreseeable emergency scenarios and events.
3. Design and implement risk reporting systems and communicate to executive management risk processes and results including recommendations for improvement.
REQUIRED PERSONAL ATTRIBUTES
Behavioural Competencies:
Customer Service Orientation
1. Tries to understand the underlying needs of customers and matches these needs to available or customized products and services.
2. Adapts processes and procedures to meet on-going customer needs.
3. Utilises the feedback received by customers, in order to develop new and/or improve existing services/products that relate to their on-going needs.
4. Thinks of new ways to align DBSA’s offerings with future customer needs.
Self-awareness and Self Control
1. Withholds effects of strong emotions in difficult situations.
2. Keeps functioning or responds constructively despite stress.
3. May apply special techniques or plan ahead of time to manage emotions or stress.
Strategic and Innovative Thinking
1. Experiments with new approaches, tests scenarios, questions assumptions and challenges conventional thinking.
2. Creates new concepts that are not obvious to others, leveraging internal and external sources of information, to build incremental revenue and growth opportunities.
Driving delivery of results
1. Sets challenging goals that will have a significant impact on the business or support the organisational strategy.
2. Commits significant resources and/or time to ensure that challenging goals are achieved, while also taking action to mitigate risk.
Teamwork & Cooperation
1. Acts to promote a friendly climate and good morale and resolves conflicts.
2. Creates opportunities for cross-functional working.
3. Encourages others to network outside of their own team/department and learn from their experience.
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