Job Description
To develop, maintain and manage the strategic execution of the Source Control and Execution Framework, as it pertains to auditing and testing of controls and proactive mitigation of potential risks, to ensure that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enables the competitive advantage of the organisation.
Essential Functions
Collaborate and engage functions across the business, contributing and providing expert insights in terms of source control and execution, in line with the agreed policies, procedures and service level agreements, in order to achieve strategic objectives
Continuously review and take action based on information provided by Direct and Indirect reports, regarding matters such as statistics, dashboards, reports, risks, escalations, technology and system issues as it pertains to Source Control and Execution.
Develop, implement and enhance systems and processes that will ensure the effective and proactive identification, evaluation, review and reporting of risks across products, process and technology
Develop, and ensure the implementation of the Source Control Framework and associated controls with the relevant product, process and technology stakeholders.
Drive and advise on best practice processes and systems for business areas to effectively monitor, audit and control adherence, conformance and compliance to policies, processes and standards in order to ensure compliance with statutory and regulatory laws.
Drive and develop solutions to address instances of non-compliance, follow-up and ensure the implementation of the compliance solutions by the relevant stakeholders. to proactively safeguard the business against reputational risk and financial losses.
Drive the development, digitisation, implementation and enhancement of required controls across product, process and systems.
Drive the implementation & maintenance of a control register to ensure all stakeholders effectively execute on the agreed Source Control Framework.
Lead and manage the Source Control and Execution function according to the lean leadership and employee engagement principles, including employee lifecycle from recruitment through to exit, performance management, training and development, discipline and grievance management, retention and reward and people administration, to ensure a high-performance culture.
Maintain and implement the Source Control Framework, covering strategy, policy, process, procedures, standards, guidelines, training, objectives, metrics and governance, to ensure consistency of implementation and the alignment to the changing business requirements and best practices and standards.
Manage, monitor and control cost in line with the Control Assurance and overall CIB budget by ensuring sound financial practices. and optimisation of processes and systems within the business through sound financial principals.
Oversee and advise on the collection and capturing of Source Control and other data, such as Audit reports, across all domains to ensure the information is reliable and therefore will effectively guide critical business decisions.
Produce aggregated and reliable reports regarding the performance of all associated controls and formulate pertinent observations to enable the effectiveness of critical business decisions.
Provide expert advice to Senior Stakeholders, on the required minimum standards, strategies, projects, plans, initiatives, reporting and other relevant activities to ensure all business areas effectively comply with internal standards and legislative requirements as it pertains to the Source Control Framework and Strategy.
Qualifications
Type of Qualification: First Degree
Field of Study:
Preferred And/Or
First Degree Business Commerce Required
Qualified Actuary / Post Graduate Degree Business Commerce Preferred
Experience Required
3-4 years’ Experience in managing and leading a diverse team, driving performance and deliverables through performance management and strategic objectives, targets and plans, developing and strengthening the capabilities within the team.
Required
8-10 years Strong and broad knowledge and experience in a spectrum of Retail Long Term Insurance products, operations, systems and processes, with strong focus on operational risk and controls, systems and processes related to risk and investment insurance products.
Required
Total number of years’ experience 12 years
Additional Information
Behavioural Competencies – Essential
Behavioural Competency Description
Articulating Information Is articulate in giving presentations is eloquent and explains things well projects social confidence when articulating information
Checking Things Is meticulous in finding errors; ensures accuracy by being thorough and checking details; produces high quality work by being detailed.
Developing Strategies is focused on developing strategies; thinks in the longer term and anticipates trends; envisages the future and adopts a visionary approach
Directing People Is comfortable leading people; coordinates and directs groups; seeks to control things
Establishing Rapport Builds rapport and puts people at ease; is engaging and welcomes people; finds it easy to make friends
Examining Information Analyses and processes information; asks probing questions; strives to find solutions to problems
Exploring Possibilities Is conceptual when developing ideas; applies theories to problem solving; prefers
Technical Competencies:
Advanced Modeling & Data Science
Actuarial Software Expertise
Product Knowledge
Promote Good Governance, Risk & Control
Regulatory & Financial Acumen
Specialized Valuation & Reserving
Strategic Planning and Reporting
Technology Planning and Roadmaps
Data Visualization
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