KEY PERFORMANCE AREAS<\/p>\n
Risk Management<\/p>\n
\tIdentifies\u00a0Key\u00a0Risk Indicators\u00a0(KRI)\u00a0and\u00a0tolerance\u00a0levels,\u00a0where\u00a0appropriate\u00a0in\u00a0respect\u00a0of major\u00a0risks\u00a0facing\u00a0the\u00a0bank\u00a0through\u00a0workshops\u00a0and\u00a0one\u00a0to\u00a0one\u00a0meetings\u00a0with\u00a0management and obtain Board approval
\n\tRecords\u00a0Risk\u00a0events\u00a0and\u00a0risk\u00a0indicators,\u00a0with\u00a0an\u00a0analysis\u00a0and\u00a0prioritise\u00a0actions\u00a0to\u00a0mitigate associated risks
\n\tEnsures that Risk Management Programmes are maintained and up to date with current developments\u00a0and\u00a0trends\u00a0within\u00a0the\u00a0industry\u00a0and\u00a0in\u00a0keeping\u00a0with\u00a0Group\u00a0policies\u00a0and\u00a0that they are appropriate for the bank.
\n\tDevelop\u00a0and\u00a0enhance\u00a0the\u00a0risk\u00a0management\u00a0framework,\u00a0policies,\u00a0and\u00a0procedures\u00a0specific to Islamic banking to effectively identify, assess, and mitigate risks.
\n\tMonitor and analyze internal and external risk factors and provide strategic recommendations to the executive management team and Board.
\n\tEnsure\u00a0compliance\u00a0with\u00a0regulatory\u00a0requirements\u00a0related\u00a0to\u00a0risk\u00a0management\u00a0and\u00a0Islamic banking principles.
\n\tImplement risk management tools and systems to facilitate risk identification, measurement, and reporting.
\n\tSpecific focus on credit, capital, liquidity and operational risk management. Other risk areas must be also considered especially in terms of its impact on the Bank.
\n\tTo\u00a0use\u00a0robotics\u00a0and\u00a0artificial\u00a0intelligence\u00a0where\u00a0possible\u00a0to\u00a0improve\u00a0risk\u00a0reporting.
\n\tTo ensure the Banks risk management policies such as its enterprise risk management framework, ICAAP, Recovery plan, RDARR framework etc are all updated and approved by the Board.\u00a0<\/p>\n
Bank\u2019s Annual Risk Functional plan<\/p>\n
\tEnsures sufficient resource allocation is in place to ensure objectives of the plan is complete
\n\tManages risk report \/ assignment, ensuring pre-risk meetings with executive and\/or his manager, deadline dates, expected time requirements and completion dates
\n\tOversees the completion of risk monitoring and reporting\u00a0and ensuring clarification of risk measurement based on impact and probability are recorded appropriately
\n\tFollows up on risk matters requiring attention and making appropriate recommendation to mitigate risks, where appropriate.
\n\tDevelop\u00a0and\u00a0implement\u00a0the\u00a0annual\u00a0functional\u00a0plan\u00a0for\u00a0the\u00a0risk\u00a0management\u00a0department, aligning objectives with the organization\u2019s strategic goals.
\n\tSet key performance indicators (KPIs) and targets to measure the effectiveness and efficiency of risk management initiatives.\u00a0<\/p>\n
Regulatory<\/p>\n
\tManage regulatory requirements pertaining\u00a0specifically to risk management such as the implementation\u00a0and\u00a0continuous\u00a0embedment\u00a0of\u00a0Risk\u00a0Data\u00a0Aggregation\u00a0and\u00a0Risk\u00a0Reporting (RDARR).
\n\tAssist when required with regulatory presentations such as flavor of the year and prudential topics
\n\tEnsure the Bank has an update ICAAP\u00a0that takes into account the major risks facing the Bank and capital required to manage
\n\tAny\u00a0other\u00a0regulatory\u00a0requirements\u00a0that\u00a0may\u00a0require\u00a0risk\u00a0management\u00a0assistance\u00a0such\u00a0as Recovery Plan, Cyber resilience, Business Continuity, Climate risk etc.
\n\tImplementing\u00a0ABG\u00a0recommendations\u00a0on\u00a0credit,\u00a0liquidity\u00a0and\u00a0other\u00a0risk\u00a0areas\u00a0where necessary.<\/p>\n
Strategy<\/p>\n
\tContribute\u00a0to\u00a0the\u00a0development\u00a0and\u00a0execution\u00a0of\u00a0the\u00a0organization’s\u00a0risk\u00a0appetite\u00a0and\u00a0risk tolerance framework.
\n\tProvide\u00a0strategic\u00a0input\u00a0to\u00a0senior\u00a0management,\u00a0executive\u00a0and\u00a0board\u00a0on\u00a0risk-related matters and participate in the decision-making process.\u00a0<\/p>\n
Fraud, Internal Controls and Insurance<\/p>\n
\tEnsure the establishment and maintenance of robust internal control mechanisms to\u00a0mitigate risks and comply with regulatory requirements. Fraud, Internal Controls and Insurance
\n\tCollaborate\u00a0with\u00a0relevant\u00a0departments\u00a0to\u00a0assess\u00a0and\u00a0manage\u00a0insurance\u00a0needs,\u00a0ensuring adequate coverage for identified risks.
\n\tEnsure the bank has a comprehensive process in place to manage, monitor and mitigate internal and external fraud. Establish relationships with external service providers and use technology to monitor fraud.<\/p>\n
Staff Management<\/p>\n
\tLead\u00a0and\u00a0manage\u00a0a\u00a0team\u00a0of\u00a0risk\u00a0management\u00a0professionals,\u00a0fostering\u00a0a\u00a0high-performance culture and providing guidance on risk-related matters.
\n\tConduct\u00a0regular\u00a0training\u00a0and\u00a0awareness\u00a0programs\u00a0for\u00a0employees\u00a0to\u00a0promote\u00a0a\u00a0strong\u00a0risk management culture across the organization. Ensure all job descriptions are updated indicating\u00a0all Key Performance Areas (KPA\u2019s) necessary for the position
\n\tAdheres to Performance Management policy cycle in order to measure performance of staff
\n\tIdentifies\u00a0training\u00a0needs\u00a0of\u00a0staff\u00a0and\u00a0motivates\u00a0for\u00a0training\u00a0development\u00a0by\u00a0following\u00a0the necessary\u00a0procedures
\n\tProvides\u00a0for\u00a0recognition\u00a0of\u00a0staff\u00a0members\u00a0as\u00a0per\u00a0the\u00a0recognition\u00a0policy
\n\tCreates\u00a0openness\u00a0of\u00a0communication\u00a0on\u00a0development\u00a0within\u00a0the\u00a0Bank\u00a0as\u00a0per\u00a0Management and Committee meetings<\/p>\n
Administration<\/p>\n
\tDevelops\u00a0departmental\u00a0policies\u00a0and\u00a0procedure\u00a0manuals\u00a0in\u00a0line\u00a0with\u00a0Banks\u00a0Act\u00a0and Regulations, Board directives and\u00a0best business practice
\n\tEnsures policies and procedures including methodologies, measurement and reporting is evaluated on an ongoing basis and amendments effectively implemented across the organisation
\n\tReports\u00a0departmental\u00a0progress\u00a0on\u00a0a\u00a0monthly\u00a0basis\u00a0to\u00a0EXCO\u00a0,\u00a0quarterly\u00a0to\u00a0Risk\u00a0and\u00a0Capital Management Committee of the Board
\n\tMonitors\u00a0Functional\u00a0Plans\u00a0as\u00a0approved\u00a0and\u00a0ensures\u00a0that\u00a0it\u00a0is\u00a0adhered\u00a0to\u00a0,\u00a0completed\u00a0and remains within the department\u2019s budget
\n\tCompiles\u00a0department\u00a0budget\u00a0and\u00a0submit\u00a0for\u00a0approval\u00a0on\u00a0a\u00a0annual\u00a0basis
\n\tInvestigates\u00a0monthly\u00a0variances\u00a0and\u00a0actions\u00a0are\u00a0taken\u00a0and\u00a0reported\u00a0on
\n\tOversee the development and maintenance of risk management policies and procedures to ensure their effectiveness and alignment with the organization\u2019s objectives.
\n\tManage relationships with the departments service providers such as SABRIC, SAFPS, BASA and others.
\n\tCollaborate\u00a0with\u00a0other\u00a0departments\u00a0to\u00a0implement\u00a0risk\u00a0management\u00a0initiatives\u00a0and\u00a0ensure coordination and integration across the organization.<\/p>\n
Internal and External Communication<\/p>\n
\tDistributes\u00a0Risk\u00a0reports\u00a0to\u00a0Chairman\u00a0of\u00a0Risk\u00a0and\u00a0Capital\u00a0Management\u00a0Committee\u00a0and\u00a0line Executive
\n\tCommunicates\u00a0feedback\u00a0regarding\u00a0\u00a0impacts\u00a0and\u00a0probability\u00a0of\u00a0significant\u00a0risks\u00a0to relevant management and pro-actively manage risks requiring urgent attention
\n\tCoordinates\u00a0quarterly\u00a0meetings\u00a0with\u00a0his\u00a0Executive\u00a0and\u00a0the\u00a0Chairman\u00a0of\u00a0Risk\u00a0and\u00a0Capital Management Committee\u00a0to discuss significant risk issues and emerging risks<\/p>\n
Requirements<\/p>\n
Qualifications<\/p>\n
\tA degree or Relevant Qualifications in Risk Management or equivalent will be required in order to meet the requirements of the role at the highest level of competence<\/p>\n
Preferred experience<\/p>\n
\tA\u00a0minimum\u00a05\u00a0years\u00a0of\u00a0Auditing\u00a0and\u00a0Banking\u00a0experience\u00a0with\u00a0at\u00a0least\u00a03\u00a0years\u00a0in\u00a0a Management position preferably with involvement in risk issues across an organisation<\/p>\n
Apply via company website ( N \/ A ) or<\/p>\n
albaraka.mcidirecthire.com<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/albaraka.mcidirecthire.com","_company_name":"Al Baraka Bank South Africa","_company_website":"http:\/\/N%20\/%20A","_company_tagline":"Al Baraka Bank, registered in South Africa since 1989, pioneered Islamic banking in this country in response to an identified need for a system of banking which adhered to Islamic economic principles. The bank, with its Head Office in Durban and a strategically located national branch network, is So... read moreuth Africa\u2019s only fully-fledged Islamic bank and is a subsidiary of the international Al Baraka Banking Group B.S.C., which has established one of the largest international Islamic banking groups in the world.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[16],"job-types":[12],"class_list":{"0":"post-10021","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-kwazulu-natal","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/10021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=10021"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=10021"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=10021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}