Operational Risk Manager at Momentum Metropolitan Holdings Limited

Requirements

• A relevant degree in Internal Audit, Risk Management or equivalent at NQF level 8.
• At least 5 years’ experience in an operational risk role within the financial services industry.
• 2 – 4 years of management experience taking care of teams between 2– 4 people.

Duties & Responsibilities

• Take overall accountability of the operational risk management function in MI, ensuring that the objectives of operational risk management meets the business’ strategic objectives.
• Further develop and implement policies and frameworks for operational risk management, including the consideration of the necessary risk appetite statements and key risk indicators, ensuring that operational risk management techniques and tools incorporate innovative technological solutions.
• Perform and monitor operational risk assessments (e.g. using Risk and Control Self Assessments), which comprise identifying, assessing, measuring, prioritising and reporting risks that may impact the business, as well as the associated control adequacy reviews.
• Develop remedial plans with operational risk owners to manage operational risks to desired levels on an ongoing basis.
• Manage and provide guidance to the Risk Assurance team, ensuring that audit scope and procedures are fit for purpose.
• Provide assurance on material operational risk exposures to the MI CRO and Executive Committee.
• Responsible for maintaining and enhancing the MI Combined Assurance Framework.
• Driving the embedment of the applicable operational risk regulatory standards.
• Reporting on operational risk exposures, the operational risk profile and associated mitigating plans to the relevant governance structures at a MI and Momentum Group Limited level.
• Submission of the necessary quarterly operational risk assessments to Momentum Group Limited.
• Manage the internal and external audit issue validation and closure process.
• Fulfill the role of the operational risk subject matter expert as part of the third-party risk assessment and onboarding process within MI.

Competencies

Skills and behavioural competencies

• Written and verbal communication skills
• Presentation skills
• Influential and assertive, displaying self-confidence
• Negotiation skills
• Relationship management
• Analytical skills and attentive to detail
• Planning and organising skills
• Upholding standards
• Ability and willingness to collaborate and manage a team